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Managing Director - Principal Financial Network (Sioux Falls)

Principal

Managing Director - Principal Financial Network (Sioux Falls)

Principal

Sioux Falls, South Dakota

·

On-site

·

Full-time

·

4mo ago

What You'll Do This role leads and consults with financial professionals to help them build their skills and grow their practice throughout the territory.

You'll also attract and develop top-tier talent to our team; It is a great opportunity to build an intentional culture!

Here are few examples of what you’ll do: Develop a profitable business center by attracting, training, motivating and retaining advisors.

Achieve specified goals in recruiting and retention of advisors, production, persistency, business conduct, and expense management in accordance with business center and company key objectives.

In April, we were named to the Forbes list of America’s Best Employers for Diversity in 2025.

This is our sixth year on the list. Heavy incentive component in addition to salary listed.

Join us!

Who You Are Requires bachelor degree or eight years of equivalent experience. 4+ years related work experience, including sales and management.

Recruiting of experienced financial advisors, strongly preferred.

Must have a broad knowledge of sales techniques, as well as regulations governing insurance and security sales.

Must have good oral and written communication skills as well as good presentation skills.

Must have ability to recruit, select, train, lead, manage, and supervise a diverse group of producers to meet the goals of the business center.

Must be able to develop and maintain community relations.

Chartered Life Underwriter/Chartered Financial Consultant (CLU/ChFC), Certified Financial Planner (CFP) or Chartered Leadership Fellow (CLF) designations desired.

Some travel required, including overnight stays (up to 15%).

Licenses and/or exams necessary for this position include: Resident state Life/Health and Variable Annuity license; non-resident state Life/Health and Variable Annuity licensing for all non-resident states in which 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 law to become IAR with Principal Securities, Inc.'s RIA Refer to Principal Financial Network Licensing/Exam Policy for the time frame allowed to obtain the required licenses, appointments and pass exams.

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) $82000 - $110700 / 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: We are open to hiring in/near Sioux Falls, SD.

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 and Green Card for Employment-Based Immigrants Investment Code of Ethics For Principal Global Investors 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 unique 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 11/4/2025 Most Recently Posted Date 11/4/2025 LinkedIn Hashtag

This role leads and consults with financial professionals to help them build their skills and grow their practice throughout the territory.

You'll also attract and develop top-tier talent to our team; It is a great opportunity to build an intentional culture!

Here are few examples of what you’ll do: Develop a profitable business center by attracting, training, motivating and retaining advisors.

Achieve specified goals in recruiting and retention of advisors, production, persistency, business conduct, and expense management in accordance with business center and company key objectives.

In April, we were named to the Forbes list of America’s Best Employers for Diversity in 2025.

This is our sixth year on the list. Heavy incentive component in addition to salary listed.

Join us!

Requires bachelor degree or eight years of equivalent experience. 4+ years related work experience, including sales and management.

Recruiting of experienced financial advisors, strongly preferred.

Must have a broad knowledge of sales techniques, as well as regulations governing insurance and security sales.

Must have good oral and written communication skills as well as good presentation skills.

Must have ability to recruit, select, train, lead, manage, and supervise a diverse group of producers to meet the goals of the business center.

Must be able to develop and maintain community relations.

Chartered Life Underwriter/Chartered Financial Consultant (CLU/ChFC), Certified Financial Planner (CFP) or Chartered Leadership Fellow (CLF) designations desired.

Some travel required, including overnight stays (up to 15%).

Licenses and/or exams necessary for this position include: Resident state Life/Health and Variable Annuity license; non-resident state Life/Health and Variable Annuity licensing for all non-resident states in which 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 law to become IAR with Principal Securities, Inc.'s RIA Refer to Principal Financial Network Licensing/Exam Policy for the time frame allowed to obtain the required licenses, appointments and pass exams.

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About Principal

Principal

Principal

Public

Principal is a global investment management and insurance company providing retirement services, asset management, and insurance solutions. The company serves millions of customers worldwide through employer-sponsored retirement plans and individual investment products.

10,001+

Employees

Harrogate

Headquarters

Reviews

3.1

6 reviews

Work Life Balance

2.0

Compensation

4.0

Culture

1.8

Career

2.0

Management

1.5

25%

Recommend to a Friend

Pros

Good pay and benefits

Supportive assistant management

Quality software/codebase

Cons

Poor management and leadership

Micromanagement

Limited career advancement

Salary Ranges

2 data points

L6/Principal

Principal/L7

L6/Principal · Staff/Principal Backend SWE

1 reports

$710,000

total / year

Base

$270,000

Stock

$440,000

Bonus

-

$710,000

$710,000

Interview Experience

9 interviews

Difficulty

3.4

/ 5

Duration

14-28 weeks

Offer Rate

22%

Experience

Positive 11%

Neutral 33%

Negative 56%

Interview Process

1

Application Review

2

Recruiter Screen

3

Phone Screen

4

Technical Interview

5

System Design Interview

6

Behavioral Interview

7

Final Round

Common Questions

Technical Knowledge

System Design

Behavioral/STAR

Past Experience

Culture Fit