Product Manager, Payroll & Rewards product focus

Summary

Principal Financial Group is a purpose-led financial services firm that builds financial tools to help customers achieve greater financial security. The Product Manager will lead the Payroll product portfolio and help shape a connected strategy across payroll, compensation, and benefits. The role is responsible for product lifecycle management, cross-functional alignment, roadmap prioritization, outcome measurement, and advancing product management practices.

Responsibilities

• 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

Skills

• 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
• 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)
• 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
• 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

Qualifications

Must Haves

• 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
• 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)
• 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

Nice to Haves

• 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

Benefits

• Non-sales positions have the opportunity to participate in a bonus 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.
• Pension Eligible: Yes
• 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).
• Comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being.