Sr Associate Investment Accountant

Principal Financial Group; Des Moines (IA); Hybrid; USD 73,000 - 100,000; Full time

Benefits offered by this job

Hybrid work environment

Des Moines office

Job summary

Principal Asset Management in Des Moines, IA is seeking a Senior Associate, Investment Accountant to support private debt fund reporting and financial oversight across fund accounting, investor reporting, audits, and tax.

You will work with investment teams, fund administrators, auditors and tax professionals, performing monthly close, financial statement prep, reconciliations, and investor deliverables; 2+ years of accounting and strong U.S. GAAP knowledge required.

Qualifications

• Bachelor's degree in Accounting or Finance or equivalent experience
• 2+ years of accounting experience required
• Working knowledge of U.S. GAAP required

Responsibilities

• Prepare and review fund-level financial statements, investment reporting, reconciliations and schedules.
• Support monthly fund close activities and investigate variances.
• Coordinate with external auditors, tax providers, fund administrators and internal partners.
• Support investor reporting including capital activity and statements.
• Help manage audit requests, workpapers, reporting deadlines and other fund accounting activities.
• Take increasing ownership of accounting and reporting processes.

Skills

Advanced Excel

Financial reporting

Audit coordination

NAVs & capital activity

Tax coordination

Public accounting

Reconciliation

Communication

Yardi experience

Education

Bachelor's degree in Accounting/Finance

Tools

Excel

Yardi

Job description

What You\'ll Do

We are looking for a Senior Associate, Investment Accountant to join our private debt fund reporting team within Principal Asset Management and play an important role in financial oversight and reporting of third-party commercial real estate debt funds. You'll gain exposure across fund accounting, investment and investor reporting, audits, tax, and the broader financial lifecycle of alternative fund investments.

This role offers something a little different from traditional accounting. You'll gain visibility into the underlying commercial real estate investments, understand how funds are performing and how investors generate returns, and partner across investment teams, fund administrators, auditors, tax professionals, and other stakeholders.

• Prepare and review fund-level financial statements, investment reporting, reconciliations, and supporting schedules.
• Support monthly fund close activities and investigate accounting or reporting variances.
• Coordinate with external auditors, tax providers, fund administrators, and internal business partners.
• Support investor reporting, including capital activity, allocations, statements, and related deliverables.
• Help manage audit requests, workpapers, reporting deadlines, and other fund accounting activities.
• Take increasing ownership of accounting and reporting processes as you develop within the role.

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $740 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a "Best Places to Work in Money Management" for 14 consecutive years! Check us out at www.principalam.com!

Who You Are

• Bachelor\'s degree in Accounting or Finance or equivalent experience
• 2+ years of relevant accounting experience is required
• Working knowledge of U.S. GAAP is required

Skills That Will Help You Stand Out

• Advanced Microsoft Excel skills, including formulas, lookups, pivot tables, reconciliations, and analysis of large datasets
• Financial reporting and audit coordination experience
• Experience with fund or investment accounting, including NAVs, capital activity, accruals, and financial reporting
• Experience supporting tax coordination and investor reporting
• Public accounting or audit experience
• Strong reconciliation, analytical, and problem-solving skills
• Strong attention to detail and controls mindset
• Effective communication and collaboration skills
• Experience with Yardi or other real estate/fund accounting systems is a plus

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)

$73150 - $99750 / 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

Work Environments

This role offers in-office, hybrid (blending at least three office days in a typical work week) from Des Moines, IA.

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.

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.