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Relationship Manager - Retirement Solutions (Minnesota)

Principal Financial Group

Minneapolis, MN · HybridJob$85–140K/yrSeen 3 days agoSeen in employer's feed 3 days ago

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At a glance

Compensation
$85–140K/yr
Location
Minneapolis, MNHybrid
Work Authorization
Not specified

Olive lists jobs from US employers, including remote roles you can work from the United States.

Job overview

The Relationship Manager develops relationships with advisors, plan sponsors, and third-party administrators in Minnesota’s 10M–200M market. The role partners with clients and advisors to provide solutions supporting retention, growth, and retirement readiness. The position covers plan design, investments, services, and new opportunities, and includes plan-level health reviews and complex issue resolution. Work from home is available when not attending customer meetings.

Skills & qualifications

RequiredNice to have

Skills

Qualified Plan KnowledgeLeadershipNegotiationPresentationOrganizational SkillsProblem SolvingInterpersonal SkillsAnalytical SkillsOral CommunicationWritten CommunicationAssertivenessEntrepreneurial Mindset

Qualifications

Bachelor's Degree or 8 Years Equivalent Experience4+ Years Retirement Industry ExperienceAssociated Person of Principal Securities6+ Years Retirement Industry ExperienceMust Live in Minnesota

Benefits

401(k) Match
Paid Time Off

Full job description

What You'll Do

In our Customer Care area, the Relationship Manager develops deep relationships with advisors, plan sponsors, and third-party administrators that are in our 10M - 200M market space in Minnesota. This role is the strategic partner to our clients and advisors to provide creative solutions that meet business goals of retention, growth, and retirement readiness to name a few.

Here are a few examples of the kinds of things you’ll do:

  • Collaborate with the plan sponsor and the advisor on plan design, investments, retirement readiness, services and new opportunities.

  • Plan level health reviews.

  • Problem solving complex issues.

Principal has been named one of the 2026 World’s Most Ethical Companies® by Ethisphere—our 15th time earning this recognition. Every decision we make, every customer interaction, and every commitment we uphold reflects the trust that millions of people place in us. Today, we serve 75 million customers around the world, and our culture of doing what’s right continues to guide how we help them build a more secure financial future.

Join us!

Who You Are

Relationship Manager II:

  • Bachelor's degree or 8 years of equivalent experience required.

  • 4+ years retirement industry experience.

  • Must become an associated person of Principal Securities, Inc.

  • Qualified Plan knowledge strongly preferred (Defined Benefit, Defined Contribution).

  • Excellent demonstrated leadership, negotiation, presentation, organizational, and problem-solving skills required, as well as superior interpersonal, analytical, and oral and written communication skills.

  • Must be assertive and entrepreneurial.

  • Travel required (approx. 10%), mostly day travel but there will be some overnight travel as well.

Relationship Manager III: (above qualifications apply along with below additions) :

  • 6+ years of retirement industry experience.

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)

$84600 - $139700 / year

Salary Details

The following salary ranges reflect market-specific compensation for this position across multiple job levels. Candidates will be evaluated to determine the appropriate job level based on their skills and experience.

  • Relationship Manager II: $84,700 - $139,700 / year

  • Relationship Manager III: $104,400 - $171,600 / 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

Location

The territory covered by this position requires the candidate to live in the Minnesota.

Work Environment

You will be able to work from home when not at customer meetings.

Work Authorization/Sponsorship

At this time, we're not considering candidates 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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/green-card-for-employment-based-immigrants)

Investment Code of Ethics

For Principal Asset Managment 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

While our expertise spans the globe, we're bound by one common purpose: to cultivate a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees – individually and all of us together. Explore our core values (https://www.principal.com/about-us/careers#core-values) , benefits (https://www.principal.com/about-us/careers#benefits) and why we’re an exceptional place (https://www.principal.com/about-us/careers#reputation) to develop your career.

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

10/28/2026

Most Recently Posted Date

10/29/2026

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 (https://secure02.principal.com/publicvsupply/GetFile?fm=WW962&ty=VOP) for more details on our practices and your data privacy rights.

LinkedIn Remote Hashtag

#LI-Remote

How this job compares

Set against the 2,296 open Relationship Manager jobs on Olive Jobs, counted November 4, 2026.

Pay
  • This posting$85–140K/yr
  • Minnesota median$108–180K/yr23 salary ranges
  • US median$112–173K/yr1,107 salary ranges

This range's midpoint, $112K, is 23% below the Minnesota median midpoint ($146K) — in the lowest quarter of Relationship Manager salary ranges in Minnesota.

Openings
Olive Jobs lists 51 open Relationship Manager jobs in Minnesota and 2,296 across the US. 1% of them nationwide are listed as remote or flexible.
Hiring the most in Minnesota
Experience
This posting asks for at least 4 years of experience; Relationship Manager postings that state a minimum ask for 5 years at the median (2,003 postings).
Education
637 of the 2,296 open Relationship Manager jobs (28%) ask for a bachelor's degree or higher.

Counted across the open, public US postings on Olive Jobs on November 4, 2026. Pay medians are the middle values of the low ends and of the high ends of postings that list both ends of a range in the same cadence (a yearly salary or an hourly rate); a range's midpoint is halfway between its ends. Pay and experience figures resting on fewer than 20 postings are left out.

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