Defined Benefit Calculation Automation Analyst I

What You'll Do

As a Defined Benefit Calculation Automation Analyst, you will get the opportunity of completing software and desktop top coding related to Defined Benefit (DB) calculation automation, using programming/coding to drive pension customer experience, drive scalability, and mitigate risks for the organization. Use DB calculation experience to provide recommendations for improvements and automation. Serving as an expert for internal/external contacts by providing data, analytical, and calculation services and support.

 

• Responsible for analyzing and fixing defects within DB calculation automation systems. Deliver the solution to the production environment and provide ongoing support for defects/fixes and client requested improvements as necessary.
• Partner and support defined benefit plan onboarding team to assure that the calculation system is set up according to specifications and request clarification as necessary when interpreting plan specifications.
• Follow firm and line of business processes, protocols and quality standards in the development and deployment of solutions for all client implementations and ongoing service.
• Perform quality reviews & testing for coding for tools and calculation system output.
• Raise appropriate issues and potential delays related to calculation system implementation or fixes.
• Assist with the development of new tools, processes, and solutions to create efficiencies and business outcomes.
• Assists with mentoring, training, and development of team members on specific items assigned based on experience.

Who You Are

• 3+ years of defined benefit or pension risk transfer product knowledge.
• Familiarity within DB pension field required.
• Calculation system or DB calculation experience preferred.
• An associate degree or higher in math, actuarial science, statistics, or a similar field is helpful.
• Understanding of pension administration technology, calculation formulas.
• Having ProAdmin and LynchVal experience is preferred.
• Planning/interpersonal, problem-solving, analytical, time management decision making, and interpersonal skills required.
• Strong mathematical, technical, and analytical skills along with keen attention to detail.
• Experience mentoring and developing junior level team members.
• Ability to interpret sophisticated detailed plan provisions.
• Ability to handle a full workload and ability to prioritize.
• Be a team player and a positive influence in a team environment.
• Strong proficiency in excel or similar PC software packages, is required.
• High integrity and discretion to ensure the confidentiality of sensitive client data.

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)

$55800 - $187200 / year
Salary Details

The following levels and locations are examples of market-specific salary ranges across different job levels and geographies. Candidates will be evaluated to determine the appropriate job level based on their skills and experience. 

• Wichita, KS:
  • Defined Benefit Calculation Automation Analyst I: $55,800 - $75,600 / year
  • Defined Benefit Calculation Automation Analyst II: $69,300 - $94,500 / year
  • Defined Benefit Calculation Automation Sr Analyst I: $84,600 - $114,300 / year
  • Defined Benefit Calculation Automation Sr Analyst II: $104,000 - $140,400 / year 

• Des Moines, IA:
  • Defined Benefit Calculation Automation Analyst I: $58,900 - $79,800 / year
  • Defined Benefit Calculation Automation Analyst II: $73,150 - $99,750 / year
  • Defined Benefit Calculation Automation Sr Analyst I: $89,300 - $120,650 / year
  • Defined Benefit Calculation Automation Sr Analyst II: $110,200 - $148,200 / year

• Charlotte, NC:
  • Defined Benefit Calculation Automation Analyst I: $62,000 - $84,000 / year
  • Defined Benefit Calculation Automation Analyst II: $77,000 - $105,000 / year
  • Defined Benefit Calculation Automation Sr Analyst I: $94,000 - $127,000 / year 
  • Defined Benefit Calculation Automation Sr Analyst II: $116,000 - $156,000 / year

• Chicago/Minneapolis:
  • Defined Benefit Calculation Automation Analyst I: $68,200 - $92,400 / year
  • Defined Benefit Calculation Automation Analyst II: $84,700 - $115,500 / year
  • Defined Benefit Calculation Automation Sr Analyst I: $103,400 - $139,700 / year 
  • Defined Benefit Calculation Automation Sr Analyst II: $127,600 - $171,600 / year 

• Los Angeles/New York City:
  • Defined Benefit Calculation Automation Analyst I: $74,400 - $100,800 / year
  • Defined Benefit Calculation Automation Analyst II: $92,400 - $126,000 / year
  • Defined Benefit Calculation Automation Sr Analyst I: $112,800 - $152,400 / year 
  • Defined Benefit Calculation Automation Sr Analyst II: $139,200 - $187,200 / 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

Job Level

We're open to hiring in at the next levels with the right experience in skill sets. 

 

Defined Benefit Calculation Automation Analyst II 

• 5+ years of defined benefit or pension risk transfer product knowledge.
• Familiarity within DB pension field required.
• Calculation system or DB calculation experience preferred.

Defined Benefit Calculation Automation Sr Analyst I

• 6+ years of defined benefit or pension risk transfer product knowledge required.
• Familiarity within DB pension field required.
• Calculation system or DB calculation experience preferred.

Defined Benefit Calculation Automation Sr Analyst II

• 8+ years of defined benefit or pension risk transfer product knowledge required.
• Advanced familiarity within DB pension field required.
• Advanced Calculation system or DB calculation experience preferred. 

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, Charlotte, NC, and Raleigh, NC).

 

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 outstanding 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

7/9/2026

Most Recently Posted Date

7/9/2026

 

Principal uses artificial intelligence tools to assist in reviewing and evaluating job applications, fraud prevention, and candidate matching and comparisons. These AI tools support our human recruiters in the initial review process but do not make final hiring decisions without human involvement. By submitting your application, you acknowledge this use of AI in our recruitment process. Please review our Workforce (U.S.) Privacy Notice for more details on our practices and your data privacy rights.

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