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What You'll Do

We’re looking for an Associate to join our Fund Administrative, Tax & Oversight team. In this role, you’ll be responsible for performing financial reporting related activities for a group of assigned mutual funds including: semi-annual/annual financial statement preparation, reporting related to regulatory requirements, and oversight of reporting prepared by third-party service provider. In addition, incumbent will be responsible for calculating SEC Yields for assigned group of funds on a monthly basis and performing reporting-related activities associated with specialty items. Incumbent will be responsible for ensuring all activities performed are completed in compliance with established regulatory and internal control procedures and guidelines.

• Financial Statement Prep and Regulatory Requirements - Prepare financial statements (including balance sheet, income statement, statement of changes, statement of cash flows, schedules of investments, notes to financials) for platforms in accordance with US GAAP and Regulation S-X, as applicable, for a group of assigned funds, on a semi-annual/annual basis. Ensure data accuracy by reconciling between financial reporting and fund accounting applications. Review reports for reasonableness, document and research discrepancies. During annual audits, prepare audit workpapers and assist with ad-hoc inquiries from external auditor. Ensure that reports are completed within established deadlines.

• Reporting Requirements - On a monthly basis, calculate and analyze SEC Yields for assigned funds, prepare data required for various regulatory reporting, provide internal/external business partners with data as-needed.

• Oversight of 3rd party service provider - Review reports provided by third-party service provider to ensure that output ties to source files. Review for accuracy/completeness and escalate exceptions as needed to appropriate leadership.

• Data Stewardship - Ensure that datasets for specific area of focus are complete and accurate. Activities include ensuring that the financial reporting application is updated for changes within the mutual funds, researching new investment types and recommending disclosure updates to leadership.

• Team initiatives - Identify opportunities and solutions to improve workflow, procedures and processes with a focus on increasing efficiency and accuracy and eliminating pain points; present ideas to the team and if supported, communicate (verbally and via written documentation) changes. Take initiative to research new situations that arise and communicate findings/learnings with the team; develop documentation as appropriate. Actively contribute to assigned projects (e.g. system and process enhancement). Articulate business requirements and impacts of decisions to project team; provide project status updates to the broader team.

• Generic Misc work - Perform other job-related duties or special projects as required.

Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!

Who You Are

• Bachelor's degree or equivalent required, plus 2+ years relevant work experience

• Strong preference towards candidates with a bachelors degree in accounting or finance with previous experience in investment-related reporting

• Knowledge of the investment markets, securities and related accounting principles and industry legal and regulatory requirements preferred

• Demonstrated analytical, problem solving, time management, decision making, interpersonal and communication skills is required

• Must be detail oriented, able to maintain a high degree of accuracy, work independently, meet established deadlines, handle multiple tasks and prioritize effectively

• Must be a self-starter and have good customer service skills

• Must have demonstrated the ability to build and maintain strong working relationships and effectively communicate with internal and external contacts

• Proficiency with Word and Excel required

• Ability to learn systems and applications used within the firm required; proficiency with systems and applications strongly preferred (FIS, Confluence Unity, Bloomberg)

• This position requires successful completion of a criminal background check.

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)

$71250 - $95950 / 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

No

Additional Information

Work Environments

This role offers an in-office and hybrid (blending at least three office days in a typical workweek) work arrangement in Des Moines, IA.

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 (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 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 (https://www.principal.com/about-us/careers) 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

9/3/2024

Most Recently Posted Date

9/3/2024