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What You'll Do

The Investment Accounting team is looking for a Senior Associate Accountant who possesses initiative and passion for investment accounting. We are looking for someone who wants to deepen their knowledge of investments and systems (ex. Allvue, AWS, PAM Accounting system, etc.).The role is on our investment accounting team which is responsible for the daily and monthly investment accounting for our consolidated (General Account) as well as multiple private funds for our Private Alternative Credit asset class. Functions on the team include daily processing at an asset level, monthly and quarterly reporting, reconciliations, valuation, corporate actions, security builds, and impairments. Meeting deadlines, control focused, attention to detail as well as balancing multiple priorities and tasks will be key in this role. Successful candidates will be individuals who embrace change, challenge the status quo, actively participates in generating new ideas and continues to advance automation.

Functions in the role include:

+ Highly collaborative team across all Investment Accounting teams, Corporate Accounting, and the General Account Portfolio Management team to assess and implement the accounting for existing and new asset strategies.

+ Apply knowledge of accounting standards and expertise to solve business problems, seeking guidance for new or complex situations.

+ Financial Analysis and Reporting: using specialized knowledge and expertise perform accounting analysis and reporting of financial transactions of complexity in accordance with generally accepted accounting principles (GAAP), statutory accounting principles (SAP), tax regulations, or other regulatory guidance. This includes but is not limited to assisting with implementing new accounting, reporting standards, and performing complex transaction processing and exception research/handling.

+ Compliance and Controls: assist in the development and establishment of processes to monitor compliance and effectiveness of financial controls in line with the organization's methodology and regulatory reporting requirements. Interact with external auditors as part of the annual external audits and assist with requests throughout the year.

+ Management Reporting: Utilize reporting systems for management, project or performance reporting and implement processes to deliver information to meet regulatory timing and management needs. Interpret financial reports and accounts, identify and evaluate risks and opportunities and present findings to management for decision making.

+ Projects: work with project owners to ensure accounting and internal control objectives are met through the design and implementation of new products and/or systems. Carry out testing to ensure the system or process is operating as intended. Escalate any findings/variances/issues as needed. Identify and implement operational excellence projects, providing business requirements for new systems or enhancements.

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 in accounting or finance or equivalent work experience

+ 2+ years of relevant experience preferred

Skills That Will Help You Stand Out

+ CPA or other applicable certifications preferred

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)

$57000 - $77900 / 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

Additional Information

Work Environments

This role offers in-office and hybrid (blending at least three office days in a typical workweek) work arrangements. 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 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

6/9/2025

Most Recently Posted Date

6/9/2025