Associate, Investment Operations

Principal Financial Group • Des Moines, IA

7d • Hybrid

About The Position

We’re looking for an Associate, Investment Operations to join our team. In this role, you’ll independently perform procedures, analysis and report preparation to support the lifecycle of investments in a global infrastructure. Responsible for account reconciliation, reporting, transaction management, portfolio analysis and reporting, compliance, data and/or trade support activities.
Support global investment initiatives through participation in projects, development and implementation of new initiatives, process reviews and/or system enhancements.
Independently execute transactions and resolve problems with minimal guidance. 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 clients' needs.
Interface with internal and external personnel including senior operations staff, legal, relationship management, IT, banks, brokers, custodians, portfolio managers, traders, regulatory agencies and/or industry contracts to educate, provide direction, obtain information and resolve problems.
Provide initial and on-going training to Operations Associates and Operations Specialists. Serve as first point of contact for inquiries. Demonstrate expertise in the areas of technical functions, research of issues, problem solving, independent decision making and effective communication.
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!
Principal Asset Management offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at www.principalam.com!

Requirements

• Bachelor's degree, or equivalent, in accounting, finance, economics or business required.
• Knowledge of financial services and investment related terminology required.
• Solid analytical, problem solving, interpersonal, time management, planning, decision making, and communication skills required.
• Must be detailed oriented.
• 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 produce accurate and timely information with minimal supervision.
• Must be able to handle multiple, increasingly complex, tasks, prioritize effectively and be flexible as business needs change.
• Must have the ability to take initiative, be a self-starter and work independently.

Nice To Haves

• 2+ years' work experience in investment/mutual fund operations or related field preferred.

Responsibilities

• Independently perform procedures, analysis and report preparation to support the lifecycle of investments in a global infrastructure.
• Responsible for account reconciliation, reporting, transaction management, portfolio analysis and reporting, compliance, data and/or trade support activities.
• Support global investment initiatives through participation in projects, development and implementation of new initiatives, process reviews and/or system enhancements.
• Independently execute transactions and resolve problems with minimal guidance.
• 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 clients' needs.
• Interface with internal and external personnel including senior operations staff, legal, relationship management, IT, banks, brokers, custodians, portfolio managers, traders, regulatory agencies and/or industry contracts to educate, provide direction, obtain information and resolve problems.
• Provide initial and on-going training to Operations Associates and Operations Specialists.
• Serve as first point of contact for inquiries.
• Demonstrate expertise in the areas of technical functions, research of issues, problem solving, independent decision making and effective communication.
• Perform other job related duties or special projects as required.

Benefits

• 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.
• Bonus program (for non-sales positions)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level