New Business Analyst

Principal Financial Group

Posted 8 days ago

Full Time

Des Moines, Iowa

Hybrid

Smart Summary

The New Business Analyst will prepare complex group benefit proposals and provide quote support by collaborating with sales representatives and brokers. They will also research and provide recommendations to internal and external customers while ensuring compliance with underwriting and product guidelines.

We are looking for a New Business Analyst to provide quote support for group benefit product sales. A Bachelor's degree or equivalent experience is preferred, along with 1+ years in group benefits, marketing, or sales. Strong communication, analytical, and time management skills are a must.

Must Have Skills for ATS

Group benefits services

Proposal preparation

Underwriting guidelines

Data analysis

Spreadsheets

Formulas

Analytical decision making

Time management

Communication skills

Relationship management

Problem solving

Organizational skills

Attention to detail

Insurance operations

Job Description

What You'll Do



As a New Business Analyst, you'll work in a fast-paced environment and form partnerships with our sales representatives and brokers throughout the US to provide all levels of quote support for group benefit product sales via a centralized Proposal Center.

  • Prepare complex group new business and cross-purchase proposals including reversions. Apply office level customization by understanding key broker relationships and assess benefits of current carrier to align Principal plan designs using high level of knowledge of our quoting process, screening for risks using underwriting and product guidelines. Follow-up for complete information and input into proposal system.
  • Work with sales offices and brokers to complete the quote as well as enhance the overall Principal relationship.
  • Research, answer questions and provide information and recommendations to internal and external customers.
  • Perform other job-related duties and special projects as required.

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



  • Bachelor's degree or equivalent experience, plus 1+ years of related experience in group benefits services, marketing or sales preferred
  • Requires broad understanding of insurance operations, products and concepts
  • Requires strong planning, organizational, problem solving, analytical decision making and time management skills with the flexibility to adjust to changing priorities
  • Requires effective verbal and written communication skills plus the ability to develop effective relationships
  • Must maintain high levels of productivity, quality and exhibit strong attention to detail
  • Must be self-directed and be able to accomplish work with limited supervision and general work direction
  • Must have strong skills in working with spreadsheets, formulas, graphs and tables
  • Occasional overtime may be required
  • Some travel may be required including overnight stays (5%)

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)



$20.33 - $36.35 / hour
Salary Details

The following locations are examples of market-specific salary ranges across different geographies. Please note, we are open to hiring Nation-wide for this role, these are simply an example of salaries in these geographic areas.

  • Dubuque, IA/Wichita, KS/Grand Island, NE: $20.33 - $27.26 / hour
  • Des Moines, IA/Lousiville, KY/Green Bay, WI: $21.47 - $28.77 / hour
  • St. Louis, MO/Pittsburg, PA/Charlotte, NC: $22.60 - $30.29 / hour
  • Denver, CO/Houston, TX/Chicago, IL/Minneapolis, MN: $24.86 - $33.32 / hour
  • Seattle, WA/Los Angeles, CA/New York City, NY: $27.11 - $36.35 / hour

Time Off Program



Personal Time Off (PTO) is provided to hourly (non-exempt) employees and provides a set amount of accrued time earned each pay period. Employees can use their PTO for vacation, personal or short-term illness.

Pension Eligible



Yes

Hours

Work hours are flexible post-training. Training will be from 8am - 4:35pm CST Monday - Friday.

Training can be fully remote.

Work Environments

This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements. 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



4/7/2026

Most Recently Posted Date



4/7/2026

LinkedIn Remote Hashtag



#LI-Remote

Principal Financial Group

Principal Financial Group® is dedicated to improving the wealth and well-being of people and businesses around the world—helping more than 62M customers plan, protect, invest, and retire as of December 31, 2023. Along the way, we commit to supporting the communities where we do business. Improving our planet. And building a diverse, inclusive workforce. We’re proud to be recognized as a Best Place to Work in Money Management by Pensions & Investments for the 11th consecutive year, an Ethisphere World’s Most Ethical Companies for the 12th time and as Forbes The Best Employers for Diversity 2023. Disclosure: Insurance products issued by Principal National Life Insurance Company (except in NY) and Principal Life Insurance Company®. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Investment advisory services are offered through Principal Global Investors, LLC or its affiliates. Principal Asset Management℠ is a trade name of Principal Global Investors, LLC. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392. ©2024 Principal Financial Services, Inc. Principal Financial Group Foundation, Inc. ("Principal® Foundation") is a duly recognized 501(c)(3) entity focused on providing philanthropic support to programs that build financial security in the communities where Principal Financial Group, Inc. ("Principal") operates. While Principal Foundation receives funding from Principal, Principal Foundation is a distinct, independent, charitable entity. Principal Foundation does not practice any form of investment advisory services and is not authorized to do so. https://www.principal.com/social-media-disclosures

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