Senior Associate Accountant- Fund Reporting

What You'll Do We're looking for a Senior Associate to join our Fund Administration, Tax & Oversight team. In this role, you'll be responsible for oversight/preparation financial reporting activities prepared by third-party service provider including semi-annual/annual financial statements preparation, tailored shareholder reports, reporting related to regulatory requirements, survey company reporting requirements. In addition, incumbent will be responsible for calculating/reviewing SEC Yields for assigned group of funds on a monthly basis and performing oversight of reporting-related activities associated with specialty items. Incumbent will be responsible for the review of financial data, as well as ensuring all activities performed are completed in compliance with established regulatory and internal control procedures and guideline and also involved in fund actions to aid the team in achieving operational readiness. Financial Statement Preparation and Regulatory Requirements - Prepare/review financial statements (including balance sheet, income statement, statement of changes, schedules of investments, notes to financial statements) 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. Calculate and/or review complex accounting adjustments. Perform audit checks to ensure statements are presented accurately. During annual audits, interact directly with external auditors. Provide feedback and suggestions to leadership about financial statement presentation as needed by researching regulatory requirements and reviewing disclosure of industry peers. Work with less experienced team members to maintain operational documentation as needed. Reporting Requirements - On a monthly basis, calculate, analyze, review SEC Yields for assigned funds, prepare/review data required for various regulatory reporting requirements, provide internal/external business partners with data as-needed. Participate in implementation projects across the enterprise to ensure compliance with applicable rules and business needs. Assist in providing oversight of data and input into control environment for financial reporting. 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 to service provider. Drive conversations around processes and quality work, provide valuable feedback on Key Performance Indicators. 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. Work across the enterprise to achieve best practices related to data integration amongst teams. Team initiatives/Informal leadership -Serve as a mentor and technical resource for less experienced teammates. Demonstrate proficiency in the areas of technical functions, resolution of issues, formulating recommendations, independent decision making and effective communication. Coordinate and review less experienced team members work with them to maintain documentation as needed. 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 6 or more years relevant work experience Strong preference towards candidates with a bachelor's degree in accounting or finance with previous experience in investment-related or fund reporting Comprehensive knowledge of the investment markets, complex securities, and related accounting principles, industry legal and regulatory requirements, accounting pronouncements strongly required Excellent analytical, interpersonal and communication skills required Must be detailed oriented and be able to maintain a high degree of accuracy Must have proven and strong abilities in the areas of problem solving, planning, time management, decision making, mentoring and project management skills Must have demonstrated the ability to build and maintain strong working relationships, exercise flexibility when dealing with people and effectively communicate with internal and external contacts at all levels 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) Success in this position requires a strong client service orientation, the ability to work under pressure in a deadline driven, team-based environment, and the ability to effectively make high impact decisions, lead projects, drive results and produce accurate and timely information independently Must be able to handle multiple, complex tasks, prioritize effectively and be flexible as business needs change Must take initiative, be a self-starter, able to mentor others and work independently Must be able to effectively work with staff at various levels to communicate reporting related issues 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) $86450 - $/ 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, New York, NY, Chicago, IL or Charlotte, NC. 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 8/29/2024 Most Recently Posted Date 8/29/2024 LinkedIn Hashtag #LI-LT1

Created: 2024-11-05