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ESOP - Client Service Manager
Principal Financial Group • Des Moines, IA 50381 • Posted 3 days ago
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Hybrid • Full-time • $51,000-$98,400/yr • Senior Level
Job Highlights
Using AI ⚡ to summarize the original job post
As a Client Service Manager on the Employee Stock Ownership Plan (ESOP) Administration team at Principal Financial Group, you will manage and provide consultation to several key client accounts, handling all aspects of their ESOP plans. This role involves developing a working knowledge of ESOP technical requirements, implementing key features on plan documents, leading client ESOP allocations, and communicating proactively with clients. The position offers a chance to work closely with C-Suite executives, company owners, financial executives, and HR personnel, providing a valued partner experience.
Responsibilities
- Develop a working knowledge of ESOP technical requirements to create and propose solutions to meet client needs.
- Understand and implement key features on plan documents such as performing trust accounting, compliance testing and government reporting.
- Take the lead on client ESOP allocations, reports, participant stock statements, and distribution and cash management services.
- Communicate with clients proactively to assist with questions, plan complexity discussions, education, participant data, plan administration procedures, etc.
Qualifications
Required
- Bachelor's degree or equivalent experience.
- 6+ years related business experience.
- Previous ESOP experience.
- Strong accounting, numerical critical thinking, and analytical skills.
- Strong written and verbal communication skills, including problem-solving and persuasion/negotiation skills.
- Open to occasional overnight travel (1-3 times per year).
- Ability to balance working independently with working in a team environment to meet customer needs and achieve overall goals.
- Possess a strong understanding of accounting and record-keeping systems and PC applications.
Preferred
- Accounting or Finance degree.
- Quality review experience.
About Principal Financial Group
Principal is a well-established company in the financial industry providing retirement, investment, and insurance solutions for individuals and businesses. They offer various retirement savings options, disability income insurance, estate planning services, and life insurance trusts to help individuals secure a financially stable future and protect their assets. Principal emphasizes the importance of early retirement savings and offers guidance on achieving financial goals through employer matches, increasing contributions, diversifying investments, and utilizing catch-up contributions.
Full Job Description
**What You'll Do**
Looking for a career with the opportunity to learn and belong to a great team in a high growth business? Come talk with us! If you are a great communicator, with strong numerical critical thinking skills, enjoy problem-solving and working closely with outstanding clients - this is an opportunity you cannot pass up!
As a **Client Service Manager** on our Employee Stock Ownership Plan (ESOP) Administration team, you'll manage and provide consultation to several key client accounts handling all aspects of their ESOP plans. You'll proactively build relationships with C-Suite executives, company owners, financial executives and HR personnel while balancing technical activities of the plans. Educating, teaching and handling their unique requests provides for a very valued partner experience with your clients.
Here are a few examples of the kinds of things you'll do:
+ Develop a working knowledge of ESOP technical requirements to create and propose solutions to meet client needs.
+ Understand and implement key features on plan documents such as performing trust accounting, compliance testing and government reporting.
+ Take the lead on client ESOP allocations, reports, participant stock statements, and distribution and cash management services.
+ Communicate with clients proactively to assist with questions, plan complexity discussions, education, participant data, plan administration procedures, etc.
As the #1 recordkeeper of Employee Stock Ownership Plans, Principal provides a wide range of expertise and support to our clients serving nearly 1,200 custom plans involving various levels of complexity. You will proactively assist clients in understanding requirements, plan language and provide a wide range of services and proactive consulting in a talented team environment.
**Who You Are**
+ Bachelor's degree or equivalent experience. (Accounting or Finance preferred)
+ 6+ years related business experience.
+ Previous ESOP exp is required.
+ Quality review experience is a plus.
+ Strong accounting, numerical critical thinking, and analytical skills.
+ Strong written and verbal communication skills, including problem-solving and persuasion/ negotiation skills.
+ Open to occasional overnight travel (1-3 times per year) to participate in customer meetings and industry conferences. may be necessary.
+ Ability to balance working independently with working in a team environment to meet customer needs and achieve overall goals.
+ Possess a strong understanding of accounting and record-keeping systems and PC applications.
**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)**
$51000 - $98400 / 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
**Additional Information**
**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 candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.) For additional information around work authorization needs please use the following links: Nonimmigrant Workers (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/green-card-for-employment-based-immigrants)
**Investment Code of Ethics**
For Principal Global Investors 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**
While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees - individually and all of us together. Explore our core values (https://www.principal.com/about-us/careers#core-values) , benefits (https://www.principal.com/about-us/careers#benefits) and why we're an exceptional place (https://www.principal.com/about-us/careers#reputation) to grow your career.
**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**
9/18/2024
**Most Recently Posted Date**
9/18/2024
LinkedIn Remote Hashtag
\#LI-Remote
Looking for a career with the opportunity to learn and belong to a great team in a high growth business? Come talk with us! If you are a great communicator, with strong numerical critical thinking skills, enjoy problem-solving and working closely with outstanding clients - this is an opportunity you cannot pass up!
As a **Client Service Manager** on our Employee Stock Ownership Plan (ESOP) Administration team, you'll manage and provide consultation to several key client accounts handling all aspects of their ESOP plans. You'll proactively build relationships with C-Suite executives, company owners, financial executives and HR personnel while balancing technical activities of the plans. Educating, teaching and handling their unique requests provides for a very valued partner experience with your clients.
Here are a few examples of the kinds of things you'll do:
+ Develop a working knowledge of ESOP technical requirements to create and propose solutions to meet client needs.
+ Understand and implement key features on plan documents such as performing trust accounting, compliance testing and government reporting.
+ Take the lead on client ESOP allocations, reports, participant stock statements, and distribution and cash management services.
+ Communicate with clients proactively to assist with questions, plan complexity discussions, education, participant data, plan administration procedures, etc.
As the #1 recordkeeper of Employee Stock Ownership Plans, Principal provides a wide range of expertise and support to our clients serving nearly 1,200 custom plans involving various levels of complexity. You will proactively assist clients in understanding requirements, plan language and provide a wide range of services and proactive consulting in a talented team environment.
**Who You Are**
+ Bachelor's degree or equivalent experience. (Accounting or Finance preferred)
+ 6+ years related business experience.
+ Previous ESOP exp is required.
+ Quality review experience is a plus.
+ Strong accounting, numerical critical thinking, and analytical skills.
+ Strong written and verbal communication skills, including problem-solving and persuasion/ negotiation skills.
+ Open to occasional overnight travel (1-3 times per year) to participate in customer meetings and industry conferences. may be necessary.
+ Ability to balance working independently with working in a team environment to meet customer needs and achieve overall goals.
+ Possess a strong understanding of accounting and record-keeping systems and PC applications.
**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)**
$51000 - $98400 / 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
**Additional Information**
**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 candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.) For additional information around work authorization needs please use the following links: Nonimmigrant Workers (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/green-card-for-employment-based-immigrants)
**Investment Code of Ethics**
For Principal Global Investors 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**
While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees - individually and all of us together. Explore our core values (https://www.principal.com/about-us/careers#core-values) , benefits (https://www.principal.com/about-us/careers#benefits) and why we're an exceptional place (https://www.principal.com/about-us/careers#reputation) to grow your career.
**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**
9/18/2024
**Most Recently Posted Date**
9/18/2024
LinkedIn Remote Hashtag
\#LI-Remote
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