Responsibilities

Principal's extended internships (also known as a co-op) in the Accounting community offers an immersive professional experience that promotes experiential learning on the job. During these paid internships, interns will work full time while enhancing and applying their accounting skills and developing professionally. Once a candidate is selected for this program, they will be placed in one of the following business areas within the Accounting Community at Principal. There are opportunities within Retirement & Income Solutions, Principal Global Investors, U.S. Insurance Solutions, or Corporate and other supporting services.

Each intern opportunity will differ based on the needs of the business area. Generally, interns will be exposed to and be responsible for:

• Preparing internal or external financial reports and/or tax returns
• Participating in the financial statement close process
• Testing and documentation of internal controls for SOX compliance
• Variance and trend analysis
• Assistance in preparation of budgets and/or forecasts
• Assistance with projects

Qualifications

• Working towards or have a bachelor's or graduate level degree in Accounting or Finance.
• Minimum 2.8 cumulative GPA.
• Minimum of 6 or more hours of accounting or finance major coursework completed by the start of the internship.
• Ability to solve problems using technology, such as Excel, query language (SQL, SAS), Power BI, etc.
• Meaningful involvement with community or school organizations and/or through work experience.

All applicants must be available to work full-time (40 hours per week during core business hours) from May - August 2023 and either part-time (15-20 hours per week during core business hours) or full-time from January - May 2023 (spring co-op) or August - December 2023 (fall co-op) in order to be considered for this position.

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

$24 - $26 / hour

Additional Information

What to expect from your internship?

We're committed to providing you a great experience regardless of your preferred location. This past summer, we held our first ever hybrid based internship program - and had great success. Principal is committed to continuously enhancing capabilities to provide a highly collaborative hybrid work environment.

Our Internship Program offers many ways to connect, network, and collaborate. Hear from Principal's senior-most leaders through our Executive Speaker Series and collaborate with interns across the company in cross-disciplinary teams during our annual IT Intern Code Jam. To learn more specific details about our Internship Program, what to expect, etc. click here.

Location

Internship location will be either onsite in Des Moines, IA or virtually from your location selection.

Internship Stipend

You will receive a lump sum stipend of $6,000. This amount is intended to support incidental expenses you may incur as part of your internship. The Company will provide a tax gross-up on this stipend as a financial benefit, but is not intended to compensate for all tax liabilities.

Pay Transparency

Principal offers competitive pay based on your education level and experience, including whether in the past you've interned with Principal.

Work Authorization/Sponsorship

At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.) For additional information around work authorization needs please use the following links.

https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers and https://www.uscis.gov/green-card/green-card-eligibility/green-card-for-employment-based-immigrants

Investment Code of Ethics

For Principal Global Investors 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

While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees - individually and all of us together. Explore our core values, benefits and why we're an exceptional place to grow your career.

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.

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