Job Description

What You'll Do:

We’re looking for a Senior Investment Accounting Analyst to join our collaborative Investment Accounting team. In this role, you will oversee investment accounting and reporting across a broad range of investment strategies and complex asset classes. This is a highly visible position that partners closely with portfolio managers, investment operations, risk, compliance, tax, auditors, and technology teams to ensure strong reporting and control practices.

Investment Accounting & Financial Reporting

• Perform advanced investment accounting, including trade capture, income accruals, valuation, impairments, consolidations, and hedging across equities, fixed income, structured products, private placements, private asset funds, alternatives, and derivatives.
• Prepare and review monthly, quarterly, and annual reports supporting internal management reporting (quarterly results, board materials, earnings call prep) and external requirements (e.g., SEC and other regulatory filings).
• Calculate and analyze industry‑standard performance metrics.
• Prepare cash management analysis and vendor compliance reporting.
• Ensure compliance with U.S. GAAP, client mandates, internal policies, and regulatory guidance.
• Partner with portfolio managers to understand and document accounting implications of complex strategies and transactions.

Project Management & System Implementation

• Serve as an accounting subject matter expert on firmwide initiatives, including new product launches, platform migrations, and investment accounting system enhancements.
• Collaborate with technology and data teams to build or improve automated solutions for reporting and reconciliation.
• Lead or participate in UAT, requirements gathering, and system validation to ensure accounting needs are fully met.

Compliance, Controls & Risk Management

• Strengthen internal control frameworks for investment accounting and reporting.
• Support risk mitigation through documentation and remediation of control gaps.
• Respond to internal and external audit requests with detailed reconciliations and supporting documentation.

Cross‑Functional Collaboration & Business Support

• Act as a liaison between accounting and investment operations, legal/compliance, tax, and investor reporting to ensure accurate treatment and reporting of investment data.
• Provide technical guidance on accounting impacts of new vehicles, restructures, impairments, and valuation adjustments.
• Support ad hoc analysis and scenario modeling related to performance, exposure, and risk.

Continuous Improvement & Strategic Insight

• Monitor changes in accounting standards and industry regulations (e.g., FASB, SEC, global frameworks).
• Recommend and implement policy, process, and workflow improvements to enhance operational excellence and reporting quality.

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 in Accounting, Finance, or a related field;
  • CPA or progress toward certification strongly preferred
  • Minimum of 6 years of relevant accounting experience, preferably within asset management, investment accounting, or financial services
  • Advanced Excel skills and familiarity with reporting or analytics tools (e.g., Power BI, Alteryx, Power Query, SQL) is a plus
  • Ability to communicate effectively with technical and non-technical stakeholders and provide clear insights to support investment and operational decisions
  • Strong organizational and analytical skills with a commitment to accuracy, efficiency, and process improvement
  • This position may require successful completion of a criminal background check

Skills That Will Help You Stand Out

• • Strong working knowledge of investment products and strategies, including structured securities (MBS, ABS, CMBS), private credit, hedge funds, and derivatives
  • Experience with investment accounting systems such as PFI (PAM for investments and Yardi for Real Estate), or similar platforms

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: $127000 - $171000 / 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 Additional Information:

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $580 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 13 consecutive years! Check us out at 

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.

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. Date First Posted (TTF): 2/3/2026 Latest Post Date: Careers - US: 2/3/2026

Job Tags

Permanent employment, Full time, Temporary work, Work experience placement, H1b, Work at office, Flexible hours

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