Managing Director

1 week ago

Chicago, Illinois, United States Principal Financial Group Full time

Managing Director - Principal Financial Network (Illinois)

  • 41505
  • Sales
  • Regular Full-Time
  • Downers Grove, Illinois
  • No
  • A254000-Chicagoland

What You'll Do

This position involves leading and collaborating with financial professionals to enhance their skills and expand their practice. You'll also be responsible for attracting and nurturing top-level talent for our Illinois team; a fantastic opportunity to cultivate a purposeful culture.

Some examples of your responsibilities:

  • Establishing a profitable business hub by recruiting, training, motivating, and retaining advisors.
  • Meeting specific objectives in advisor recruitment and retention, production, persistence, business ethics, and cost management aligned with business center and company objectives.

Recently recognized in April by Forbes as one of the America's Best Employers for Diversity in 2023. This marks our fourth consecutive year on this prestigious list.

*Significant performance-based rewards in addition to the listed salary.

Who You Are

  • Minimum requirement of a bachelor's degree or eight years of equivalent experience.
  • At least 4 years of relevant work experience, including sales and managerial roles.
  • Demonstrated knowledge of sales strategies and regulations governing insurance and securities sales.
  • Strong verbal and written communication skills with effective presentation abilities.
  • Capability to recruit, select, train, lead, manage, and oversee a diverse group of producers to achieve business center goals.
  • Experience in establishing and maintaining community relationships.
  • Preferred certifications: Chartered Life Underwriter/Chartered Financial Consultant (CLU/ChFC), Certified Financial Planner (CFP), or Chartered Leadership Fellow (CLF).
  • Travel flexibility required, potentially including overnight stays (up to 15%).

Required licenses and examinations for this role include:

  • State Life/Health and Variable Annuity license for resident state; non-resident state Life/Health and Variable Annuity licensing for all non-resident states where business will be conducted.

Securities exams and IAR appointment include:

  • Series 7 and 63 or equivalent, 24, 65 and/or 66 as required by applicable state regulations to become an IAR with Principal Securities, Inc.'s RIA.
  • Refer to Principal Financial Network's Licensing/Exam Policy for the allowed timeframe to obtain required licenses, appointments, and pass exams.

Salary Range InformationTarget salary brackets are indicated below. Non-sales roles can participate in bonus programs, while sales positions qualify for sales incentives, potentially exceeding base salary substantially based on individual performance. Actual compensation will factor in geographical location, work experience, education, licensure needs, and skill level, finalized upon offer.Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly) $135,300 / yearTime Off ProgramFlexible Time Off (FTO) for salaried (exempt) staff offers paid time off for vacation, personal days, or short-term illness, without accrual or preset limits.Pension EligibleYesAdditional Information

Job Level

We are willing to consider candidates up to the Senior Managing Director level, based on qualifications and experience.

Work Authorization/Sponsorship

Currently, we are unable to accommodate candidates requiring immigration sponsorship (additional work authorization or permanent work authorization) in the United States, including F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For more information on work authorization, refer to the provided links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

Investment Code of Ethics

Principal Global Investors roles necessitate adherence to an Investment Code of Ethics concerning personal and professional conduct, including personal trading activities for you and your household. Similar requirements may apply to other positions within the organization.

Experience Principal

While our scope extends worldwide, our mission remains consistent: to promote universal accessibility to financial security. Our achievements hinge on the diverse experiences, backgrounds, and talents of our employees - both individually and collectively. Explore our core values, benefits, and why we offer an exceptional platform to advance your career.

Principal is an Equal Opportunity Employer

All qualified candidates will be considered for employment without regard to race, color, religion, gender, gender identity, national origin, disability, or veteran status.

Posting Window

We will be receiving applications for 3 full days after the Original Posting Date, following which the posting may remain active or be closed based on the volume of applications. If reposted, we will accept applications for at least 1 full day following the Most Recently Posted Date. Timely submission is recommended due to the uncertainty of posting availability beyond the deadline.

Original Posting Date12/11/2023Most Recently Posted Date2/27/2024

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