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Principal Financial Group Investment Operations Extended Internship (January - August 2020) - #223374 in Des Moines, Iowa

Job Area: InvestmentsBusiness Area: Principal FundsLocation: IA - Des MoinesCareer Category: InternFull/Part Time: Full-TimeRegular/Temporary: TemporaryDate Posted: 2019-10-29

Pursue your calling and make an impact.

We know it’s important to get off to a great start with your career. Principal offers multiple opportunities to gain experience, make connections, and provide fast-tracked opportunities to learn our business from the inside out.

You’re not just looking for an internship.

We hear you. That’s why working with us isn’t just about skill sets and job responsibilities. We care about offering you diverse experiences, rewarding challenges, and global opportunities that push you to reach for bigger life goals.

The Internship Experience

Principal will host over 200 interns across various business units and teams. You will meet with senior executives, gain career direction, and contribute to work that helps our customers live their best lives - all at a Fortune 500 company who invests in your personal and professional development.

Did we mention you’ll have plenty of time to explore Des Moines?

Principal is headquartered in Des Moines, Iowa, the Midwest’s best-kept secret. You’ll get a chance to network at social events and volunteer in the community with peers and team members. From its miles of trails and lakes, local wineries and breweries, to world-class music, theater and a thriving foodie scene, Des Moines offers big-city perks with small-town charm.

Worried about relocating to Des Moines? Don't worry, we offer travel assistance and a living stipend to those who are eligible.


The SMA Investment Operations Extended Internship within Principal Global Investors is the perfect opportunity to gain real world experience in the investment management industry. This extended internship will allow you to play a key role in supporting the investment management process by focusing on process improvement, daily operational tasks, strong controls, and data integrity.

In this role you will be a part of an operation’s team that is responsible for providing timely and accurate investment data to the investment boutiques and clients of our Separately Managed Account investment products. Within this team there are a wide variety of learning opportunities that make up the back-office support system for our investment teams including Account Administration, Cashflow Management, Reconciliation, Account Trading, and Performance.

The ideal candidate will use their problem-solving and analytical abilities to process tasks with high efficiency and accuracy while reviewing for business risk and implementing risk reducing solutions. Assertiveness and attention to detail are also key to this area of our company.

This position requires candidates to work 6:30 a.m. – 3:00 p.m. 40 hours/week from January 2020- August 2020.


  • Candidates must be working toward or have bachelor's degree – preference to candidates who have course or work experience in business including Finance, Accounting, Business Analytics, or related majors.

  • Excellent problem solving, analytical, organizational, and communication skills required.

  • Candidates must possess strong computer skills including experience with MS Word and Excel.

  • Must be able to work in fast-paced environment and be able to meet daily, weekly, and monthly deadlines.

  • Keen sense of intellectual curiosity.

Preferred Qualifications:

  • Intermediate to advanced Excel skills

  • Investment related business acumen

  • A 3.0 GPA or above

  • Exposure to data analysis and/or investment concepts through intermediate level coursework, community or student organization involvement and/or internship/employment experiences

  • Highly detail oriented with a critical degree of accuracy regarding data entry and analysis

  • Willingness to take on new tasks and look for ways to improve or automate processes

Additional Information

What’s next? Innovation at its finest.

We’ll review your application and if you’re selected for an interview, you’ll receive an invite for a pre-recorded interview experience. Haven’t done that before, don’t worry. We’ve got all the tips and tricks available to help you be successful. With a pre-recorded interview, you can add your own flair and personality – at your pace.

Be sure to check your email frequently. We’ll communicate our decisions through the email address used on your online profile. If you receive an email from our Principal Talent Acquisition Team, you’ve been selected to begin your pre-recorded interview experience and have a set time to submit.

Not an exact match for this role?

We’ve got a lot of opportunities, so check out some of the others. And creating an email alert on our career site will help you keep you connected and informed of opportunities you’re interested in with a just a few clicks!

Work Authorization/Sponsorship

At this time, we're not able to consider candidates who would need sponsorship now or in the future or those needing work authorization for this role. (This includes students on F1-OPT, F1-CPT, J-1, etc.) However, we’d hope you continue to keep us in mind for other potential opportunities in the future.

Principal is an Affirmative Action and Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to of age, race, color, religion, sex, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.

Investment Code of Ethics

For positions with Principal Global Investors, you will be required to comply with a Code of Ethics which covers a number of obligations 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.