Leadership Development Program (LDP) Associate

Leadership Development Program (LDP) Associate

Req ID: 40281     Category: Other     Position Type: Regular Full-Time

Location(s): Des Moines, Iowa      Remote: No

Department: H052000-Talent Management

What You'll Do

Leadership Development Program at Principal®

 The Leadership Development Program (LDP) is an early career full-time accelerated development path that builds a future pipeline of plug-and-play leadership talent for the organization. As an LDP Associate, you’ll work on business objectives, receive individual coaching, actively practice leadership skills, collaborate with program peers, and create a customized rotation path as you propel your career at our Fortune 500 company.

At Principal, the LDP Associates cycle across various business areas to learn the ins and outs of the enterprise. Our program offers 4-6 self-selected rotations, for approximately 6 months each.

Each rotation offers a unique growth experience with a purpose of building your understanding of the various business lines and gaining exposure to diverse leadership styles, while participating in meaningful projects.

The three building blocks that form our accelerated leadership training:

Our Leadership Development Program is designed to provide associates with experiential leadership training. In conjunction with their rotation experience, associates practice their leadership skills through their contributions to the program:

• As a Level I Associate, you will be focused on learning the foundational aspects of Principal, refining your core professional competencies, and identifying future opportunities to build targeted skillsets.
• As a Level II Associate, you’re responsible for creating and developing a strategy for one of our program’s high-level initiatives. In this role, you will be responsible for driving results through team performance, delegating team responsibilities, and reporting bi-monthly to the program.
• As a Level III Associate, you will be formally responsible for leading, coaching, and mentoring a Level I LDP Associate. Through this experience, you’ll learn how to bring out the best of your direct report and be challenged to drive optimal results through individuals.

Learn more about The Leadership Development Program by watching this quick video.

What’s in it for you?

Here’s what you will gain as an LDP Associate:

• A fast-paced start to your career at Principal that accelerates your leadership skills and enhances your career options.
• A wide range of individually tailored experiences through enterprise rotations and unique responsibilities that will advance your leadership capabilities, build your business and financial acumen, and allow you to develop highly transferable skills.
• Professional development planning through individualized mentorship and coaching.
• Exposure to senior leadership, executive sponsor visibility, and support from strong leaders throughout the organization.
• An opportunity to define and develop your leadership style through formal and informal leadership experiences.
• Peer support and shared learning through the LDP cohort.
• Support in attaining placement within Principal and launch into your career with membership into our enterprise-wide alumni network, upon successful completion of the program.

Who You Are

An ideal candidate for the Leadership Development Program:

We’re seeking forward-thinking and adaptable candidates who aspire to have a future in leadership.

Qualifications for the LDP include:

•  
  • Bachelor’s degree required by your start date
  • Minimum cumulative 3.0 GPA as of your graduation date OR anticipate having a minimum cumulative 3.0 GPA upon graduation
  • Strong demonstration of core professional competencies: effective communication, reliability, team-oriented, organized, and self-motivated
  • Exceptional business acumen and leadership skills demonstrated through leadership positions, internships, or other work experience
  • Strong desire to become a future formal leader
  • Aptitude for strategic and critical thinking, willingness to be challenged, and open to new opportunities and unique exposures
  • Initiative to lead with or without a formal title
  • Demonstrated ability to drive results through others
  • Commitment to relocating to Des Moines, IA for the duration of the program
  • Willingness to travel as some travel may be required, including overnight stays (5%)

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)

$51000 - $98400 / year

Additional Information

Informational Sessions with Opportunity for Q&A

The Leadership Development Program hiring team will be holding  virtual informational sessions for prospective candidates via Microsoft Teams on September 25th from 5-6P CST. 

All are welcome to join for an opportunity to learn more about the LDP and ask questions. Please send an email to ldphiring@principal.com  to request an invite if you are interested in joining a session.

Application Process 

Once you apply, your application is reviewed by our talent team.  Generally, within a few weeks, the team makes interview selection decisions and communicates those via email.  If selected, you’ll receive an email from Principal Talent Team to schedule an initial phone interview.  Be sure to check your email frequently and follow the steps shared.

Please note: This position is posted through September 27th, 2023.  Two rounds of interviews will be conducted following the closing of the job posting.  Final decisions will be made and communicated to applicants in early September.

Learn more about our hiring steps and find answers to frequently asked questions.

The anticipated start date for the Leadership Development Program role will be June 3rd.

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

While our expertise spans the globe, we're bound by one common purpose: to foster 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, benefits and why we’re an exceptional place to grow 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 be accepting applications for at least 3 days from when the job was originally posted, after which we may keep open or remove the posting based upon applications we receive. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond 3 days of the original posting date.

Original Posting Date

7/31/2023