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Managing Director - Principal Financial Network (San Jose, CA)
full-timeSan Jose, Elk Grove, Modesto, Roseville$81k - $147k

Summary

Location

San Jose, Elk Grove, Modesto, Roseville

Salary

$81k - $147k

Type

full-time

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About this role

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)



$81900 - $147600 / 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

Job Level

We are open to hiring up a level to Sr. Managing Director based on experience.

 

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



11/5/2025

Most Recently Posted Date



11/6/2025

LinkedIn Hashtag



#LI-BS1

Other facts

Tech stack
Sales Techniques,Communication Skills,Presentation Skills,Recruiting,Training,Leadership,Management,Community Relations,Financial Advisors,Insurance Sales,Securities Sales,Expense Management,Business Conduct,Diversity,Talent Development,Goal Achievement

About Principal Financial Group

Principal Financial Group® is dedicated to improving the wealth and well-being of people and businesses around the world—helping more than 62M customers plan, protect, invest, and retire as of December 31, 2023. Along the way, we commit to supporting the communities where we do business. Improving our planet. And building a diverse, inclusive workforce.

We’re proud to be recognized as a Best Place to Work in Money Management by Pensions & Investments for the 11th consecutive year, an Ethisphere World’s Most Ethical Companies for the 12th time and as Forbes The Best Employers for Diversity 2023.

Disclosure:
Insurance products issued by Principal National Life Insurance Company (except in NY) and Principal Life Insurance Company®. Plan administrative services offered by Principal Life. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Investment advisory services are offered through Principal Global Investors, LLC or its affiliates. Principal Asset Management℠ is a trade name of Principal Global Investors, LLC. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392. ©2024 Principal Financial Services, Inc.

Principal Financial Group Foundation, Inc. ("Principal® Foundation") is a duly recognized 501(c)(3) entity focused on providing philanthropic support to programs that build financial security in the communities where Principal Financial Group, Inc. ("Principal") operates. While Principal Foundation receives funding from Principal, Principal Foundation is a distinct, independent, charitable entity. Principal Foundation does not practice any form of investment advisory services and is not authorized to do so.

https://www.principal.com/social-media-disclosures

Team size: 10,001+ employees
LinkedIn: Visit
Industry: Financial Services
Founding Year: 1879

What you'll do

  • The Managing Director will lead and consult with financial professionals to enhance their skills and grow their practices. This includes developing a profitable business center and achieving goals in recruiting, retention, and production.

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Frequently Asked Questions

What does Principal Financial Group pay for a Managing Director - Principal Financial Network (San Jose, CA)?

Principal Financial Group offers a competitive compensation package for the Managing Director - Principal Financial Network (San Jose, CA) role. The salary range is USD 82k - 148k per year. Apply through Clera to learn more about the full compensation details.

What does a Managing Director - Principal Financial Network (San Jose, CA) do at Principal Financial Group?

As a Managing Director - Principal Financial Network (San Jose, CA) at Principal Financial Group, you will: the Managing Director will lead and consult with financial professionals to enhance their skills and grow their practices. This includes developing a profitable business center and achieving goals in recruiting, retention, and production..

Why join Principal Financial Group as a Managing Director - Principal Financial Network (San Jose, CA)?

Principal Financial Group is a leading Financial Services company. The Managing Director - Principal Financial Network (San Jose, CA) role offers competitive compensation.

Is the Managing Director - Principal Financial Network (San Jose, CA) position at Principal Financial Group remote?

The Managing Director - Principal Financial Network (San Jose, CA) position at Principal Financial Group is based in San Jose, California, United States and Elk Grove, California, United States. Contact the company through Clera for specific work arrangement details.

How do I apply for the Managing Director - Principal Financial Network (San Jose, CA) position at Principal Financial Group?

You can apply for the Managing Director - Principal Financial Network (San Jose, CA) position at Principal Financial Group directly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process. You can also learn more about Principal Financial Group on their website.