Counsel - US Retirement

Principal Financial Services, Inc. is seeking a Counsel for US Retirement to support legal work related to annuity and life insurance products. The role involves drafting and filing insurance products, ensuring compliance with regulatory requirements, and advising on legal issues. Candidates should be licensed attorneys with 5+ years of experience. The position allows for in-office, hybrid, or remote work arrangements if residing more than 30 miles from Des Moines, IA, or Charlotte, NC.
Location: Iowa
What You'll Do

We’re looking for an attorney to support annuity and life insurance product legal work. In this role, you’ll be part of a team that handles sophisticated transactional legal work for our U.S. strategic business units that deliver financial services, retirement investments and protection products. You’ll serve as a key legal advisor on:
• Design, drafting and filing of various insurance products, with primary responsibility for variable annuities, registered index-linked annuities and variable life insurance
• Requirements for contract registration, prospectus information, notices, disclosures, and other contract documents
• Legal issues on insurance product regulatory requirements, including applicable SEC, IRS, DOL, FINRA and state insurance rules
• Discussions with SEC or other regulators on product filings

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
• Licensed attorney with JD and 5+ years’ experience with knowledge of securities-governed insurance products
• Familiar with the laws regulating insurance products and their application
• Experience in group annuity products supporting retirement business a plus but not required
• Prior experience in financial services and/or a federal regulatory agency a plus
• Must be admitted to practice in the state employed within twelve months of hire
• Must be able to work as a member of a team and independently on a self-motivated basis
• Requires superior written and verbal communication skills
• Must be able to apply knowledge of the law to make sound judgments, communicate, and interact with others in a professional manner
• Must use risk assessment and mitigation skills to collaborate with Risk and Compliance to help the business make risk-astute decisions
• Some travel may be required
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)

$137000 - $185000 / 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 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.
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