What You'll Do

Further your career today as a Strategic Sourcing Lead (Professional Services) at Principal Financial Group!

 

Join our Global Sourcing team in Des Moines, IA as a Lead Sourcing Consultant. In this role, you’ll collaborate with business partners and suppliers to develop strategic Consulting/Professional Services/Outsourcing contracts and relationships. Be part of a world-class team passionate about delivering maximum value to our business partners.

 

As a Lead Sourcing Consultant within our Professional Services category, you’ll help transform how we deliver value. We seek highly motivated sourcing professionals who can drive innovative solutions that are:

• Valuable (cost-effective for the business)
• Viable (meeting requirements within business constraints)
• Strategic (leveraging industry intelligence to stay ahead of the competition)

What you’ll do:

• Coach and influence leaders and teams to promote best practices in category management and achieve business results
• Develop sourcing strategies using total cost of ownership models, internal data, and market intelligence
• Collaborate with leaders to deliver solutions aligned with business needs
• Direct and execute strategic sourcing for medium-to-high complexity third-party spend
• Lead statement of work development, supplier selection, pricing analysis, and contract negotiation
• Support audit compliance and risk management efforts

Who You Are

• Bachelor’s degree or equivalent
• 8+ years of related experience in sourcing, supply chain management, contract negotiations, or contract law
• 4+ years in professional services sourcing with extensive experience negotiating Professional Service agreements
• Knowledge of strategic sourcing principles and supply base management strategies
• Desire to learn about market intelligence and analytics within professional services
• Proven ability to engage with business partners and leaders collaboratively
• Strong problem-solving, influencing, and communication skills

Preferred:

• Experience in strategic planning, spend analysis, and supplier management
• Background as a sourcing consultant in consulting and managed/outsourced services categories

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)

$127000 - $171000 / 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

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 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

1/7/2026

Most Recently Posted Date

1/7/2026