Accounting Analyst, Fund Accounting

What You'll Do

We’re looking for an Analyst to join our Fund Accounting team. In this role, you’ll be responsible for performing day-to-day fund accounting activities for a group of assigned funds including calculating and reporting the daily NAV, verifying trades and transactions, reconciling cash and position holdings, reviewing and closing exceptions and resolving discrepancies. In addition, incumbent will be responsible for performing fund accounting activities associated with specialty items (e.g. SWAPS, bank loans) as assigned and compiling information for monthly and quarterly reporting and semi-annual and annual audits. Incumbent will be responsible for ensuring all activities performed are completed in compliance with established regulatory and internal control procedures and guidelines.

• Operational Analysis / NAV Calculation & Reporting - Perform daily fund accounting activities for a group of assigned funds (primarily stocks). Execute timely and accurate NAV calculation of funds which includes accounting for purchases, sales, income accruals and expenses, to ensure timely and accurate reporting of the daily NAV/fund price. Review and verify trade and transaction activity against control files, input entries into the system as applicable. Perform cash and position holdings reconciliations (e.g., between system and brokers and/or custodian). Research and clear discrepancies in a timely manner through clear communication with sub-advisors, custodian banks and senior team members as needed. Review identified exceptions affecting accounting records and prices and assist senior team members as needed to close them. Participate in pricing tasks to finalize NAV calculation. Ensure activities are completed in compliance with stablished regulatory (e.g., SEC) and internal control procedures (e.g., documentation of daily work and balancing) and guidelines.
• Specialty Team Analysis & Report Preparation - Monitor, research and record timely and accurate transactions or events associated with specialty items as assigned; items may include broker reconciliation, segregation, bank loans, SWAPs, and/or AG (retention system). Clearly communicate progress, research findings and effects of such items on the funds to team members as appropriate. Assist in the compilation of information in preparation of monthly (e.g., broker reconciliations) and quarterly reporting and semi-annual and annual fund reports and audits as requested.
• 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 experience required; strong preference towards a bachelor's degree in accounting with exposure to finance or other analytical course work
• Previous internship working in related field preferred
• Demonstrated analytical, problem solving, time management, interpersonal and communication skills is required
• Must be detail oriented, able to maintain a high degree of accuracy, meet established deadlines, able to handle multiple tasks and prioritize effectively
• Must be a self-starter, and have good customer service skills
• Must have the ability to build and maintain strong working relationships and effectively communicate with internal and external contacts
• Experience with Word and Excel required
• Ability to learn systems and applications used within the firm required
• This position requires successful completion of a criminal background check.
• This position may be subject to SEC restrictions on personal political contributions.

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)

$27.40 - $46.13 / hour
Time Off Program

Personal Time Off (PTO) is provided to hourly (non-exempt) employees and provides a set amount of accrued time earned each pay period. Employees can use their PTO for vacation, personal or short-term illness.
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.

Job Level

We’ll consider talent at the next level with the right experiences and skills.

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

10/11/2024
Most Recently Posted Date

10/11/2024

Salary : $27 - $46