Associate, Investment Operations

Associate, Investment Operations

Are you looking to grow your career in investment operations? If so, join Principal as an Associate, Investment Operations! As an Associate, Investment Operations on our team, you'll perform procedures, analysis, and report preparation to support the full lifecycle of investment operations in a global infrastructure. You'll be responsible for account administration, account reconciliation, reporting, transaction management, and / or trade support activities as well as support global investment initiatives through participation in projects, process reviews, and / or system enhancements.

Interface with internal and external personnel including senior operations staff, legal, relationship management, IT, banks, brokers, custodians, portfolio managers, and / or traders to obtain information, execute routine transactions, and resolve problems. Establish new securities, compliance rules, new accounts, and / or new reports to ensure readiness for trading, reconciliation, settlement, and / or the client reporting process. Identify and resolve issues associated with client data, trade breaks, reconciliation breaks, and / or compliance breaches. Prepare reports and maintain controls in alignment with internal policies and client needs.

Develop an understanding of Principal Asset Management's products, team procedures, and customer needs through self-initiated research, participation in available training programs, and involvement in ongoing investment activities. 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, in accounting, finance, economics, or business.

2+ years of professional or intern experience in investment / mutual fund operations.

Knowledge of financial services and investment related terminology.

Skills That Will Help You Stand Out

Experience with investment reconciliation processes.

Strong analytical, problem solving, interpersonal, time management, and communication skills required.

Knowledge of business applications and software including Microsoft Office (Excel proficiency), preferably Power Query and / or Power BI.

Detailed oriented.

Client service orientation, the ability to work under pressure in a deadline driven, team-based environment to produce accurate and timely information with limited supervision.

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) $67500 - $85000 / 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

Location

This role will be based out of our World Headquarters located in Des Moines, IA.

Work Environments

This role offers the ability for in-office or three days in-office and two days remote. You'll work with your leader to figure out which option may align best based on several factors.

Work Authorization / Sponsorship

At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)

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.