Product Manager, Payroll & Rewards product focus at Principal Financial Group

Job description

What You'll Do We’re looking for an experienced Product Manager to join our HR Rewards product family team. In this role, you’ll lead the Payroll product portfolio while helping shape a connected strategy across the rewards product family which includes payroll, compensation, and benefits. You’ll bring an end to end product perspective to payroll, expanding the focus beyond technology delivery to include business strategy, operational workflows, stakeholder needs, and measurable product outcomes. You'll have the opportunity to: Own the end-to-end Payroll product management lifecycle across capabilities delivered through Oracle HCM, ADP, system integrations, and supporting operational workflows Lead product intake, discovery, prioritization, and delivery by identifying high-value opportunities, defining desired business outcomes, testing hypotheses, and using data and insights to guide product decisions Partner across payroll, human resources, technology, delivery, and vendor-supported teams to create shared understanding, align priorities, and remove barriers to delivering value Collaborate with the compensation and benefits product manager to maintain a cohesive Rewards product family roadmap across payroll, compensation, and benefits Facilitate roadmap, prioritization, and tradeoff discussions while identifying cross-product dependencies, impacts, risks, and investment opportunities across the rewards product family Ensure payroll product decisions consider the broader impact on adjacent HR products and the rewards experience as a connected portfolio Monitor product health and outcomes, evaluate the impact of releases, and make performance insights visible to product leaders, partners, and stakeholders Advance product maturity within payroll by modeling strong product practices, improving ways of working, and serving as a mentor and thought partner who helps strengthen product management capabilities across the rewards product family Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years! Who You Are 4+ years of business, technology, or product management experience; or equivalent demonstrated through the following: work experience, training, military experience, or education 2+ years partnering with engineering teams, business partners, and stakeholders in a highly collaborative, matrixed product environment Experience leading one or more products through the product lifecycle, including strategy, discovery, prioritization, delivery, and outcome measurement Experience applying critical thinking, customer and stakeholder insights, and data to identify problems, evaluate opportunities, and make product decisions. Ability to lead through influence, champion stakeholder relationships, negotiate priorities, and build alignment across organizational boundaries Experience mentoring and coaching product professionals along with advancing product management practices within an organization Skills That Will Help You Stand Out Product management experience within the payroll domain, working with ADP, Oracle HCM, or comparable enterprise payroll and HR platforms Experience supporting products within a global organization, with the ability to apply a global approach and collaborate across regions Strong product management maturity and can help business, technology, and program partners understand how their work connects to a cohesive product strategy Financial services/retirement industry background Salary Range Information Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly) $115000 - $180000 / year Salary Details The following locations are examples of market-specific salary ranges across different geographies. Wichita, KS: $115,000 - $135,000 / year Des Moines, IA: $120,000 - $145,000 / year Charlotte, NC: $125,000 - $150,000/ year Chicago/Minneapolis: $135,000 - $165,000 / year Los Angeles/New York City: $150,000 - $180,000 / year Time Off Program Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided. Pension Eligible Yes Work Environments This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements (only if residing more than 30 miles from Des Moines, IA, or Charlotte, NC). You’ll work with your leader to figure out which option may align best based on several factors. Work Authorization/Sponsorship At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links. Nonimmigrant Workers and Green Card for Employment-Based Immigrants Investment Code of Ethics For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization. Experience Principal At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits. Principal is an Equal Opportunity Employer All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. Posting Window We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline. Original Posting Date 9/23/2026 Most Recently Posted Date 9/24/2026 Principal uses artificial intelligence tools to assist in reviewing and evaluating job applications, fraud prevention, and candidate matching and comparisons. These AI tools support our human recruiters in the initial review process but do not make final hiring decisions without human involvement. By submitting your application, you acknowledge this use of AI in our recruitment process. Please review our Workforce (U.S.) Privacy Notice for more details on our practices and your data privacy rights. LinkedIn Remote Hashtag #LI-Remote LinkedIn Hashtag #LI-EW1

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