Assistant Director-Advanced Solutions

Assistant Director of Advanced Solutions

We're looking for an Assistant Director of Advanced Solutions in our Nonqualified Operations team! In this role you'll provide critical support on complex tax, accounting and regulatory topics for business and executive benefits programs for participants, employers, and advisors. This also includes monitoring and interpreting legislative and regulatory matters. Provide analysis and recommendations on highly complex fact patterns related to Internal Revenue Code Section 409A and 457 including the assistance of IRS corrections procedures. Respond promptly and accurately to customer inquiries regarding payroll topics, accounting treatment, and regulatory reporting. This includes the tax reporting of contributions, distributions, FICA, and SEC reporting related to nonqualified deferred compensation plans. Monitor legislative, regulatory, accounting and tax related activity. Provide insight to business unit management, develop communication materials, and deliver messaging to wholesalers, producers and existing clients. Draft, design and condense sophisticated subject matter topics into relevant, understandable and action-oriented communications for participants, employer, and internal staff. Maintain and provide the highest level of expertise in tax, accounting, and legal matters. Participate in strategic planning and policy development for the area. Work with and through other departments to provide effective solutions and systems.

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!

Bachelor's degree in Finance, Accounting, or Business preferred. CPA designation and 7+ years related experience preferred. Understanding of nonqualified benefits programs and familiarity with the relevant Internal Revenue Code sections, including 409A and 457, preferred. Must understand the sales process and comprehensive knowledge of state and federal laws relating to tax planning and insurance as well as an appreciation of product features and market trends. FINRA Series 6 registration is required or must be obtained within 18 months of employment. Must meet firm standards for registration within applicable jurisdictions.

Industry designations (eg CLU, ChFC, CFP, FLMI), or progress towards, preferred.

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) $123000 - $167000 / year.

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.

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

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.

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.