Finance Internship (Summer 2024)

What You'll Do

As a growing company with over 16,000 employees around the world, Principal has had a long-held commitment to provide students with opportunities to apply classroom learnings in a business setting, build professional connections and networks, and develop professionally. Our Bank & Trust business line is looking for a student intern position to assist with projects and other special assignments across several functional areas within Bank & Trust such as operations, investments/loans, finance/accounting, risk, compliance, and fiduciary/education services.

Your experience in this role will include:

• Exposure to the banking and trust industries
• Engagement with several functional areas of Bank & Trust
• Connection with senior and other leaders across Bank & Trust and the rest of Principal
• Meaningful projects and special assignments with direct impacts to Bank & Trust

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

• Currently pursuing or recently completed (within 6 months) undergraduate or graduate level degree
• Involvement in extracurricular activities and/or involvement within the community
• Interest in a career in the financial services industry
• Ability to build positive relationships with internal and external partners
• Good communication skills (written and verbal)

Skills That Will Help You Stand Out

• Demonstrated leadership with community or school organizations and/or through work experience
• Familiarity with Microsoft Office products (Excel, Word, etc)
• Interest in the Banking, and Trust industries and/or in general, the financial services industry
• Programming skills especially with Power BI or SQL

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

Our Internship Culture

Join an established program that provides hands-on experiences for 200+ interns each year! You'll learn new skills with dedicated teams and mentors, build your professional network and collaborate across a global Fortune 500 company. We care about offering you diverse experiences and exciting challenges that push you to reach for bigger life goals, all while enjoying our flexibility and work life balance. Join us for events such as our Executive Speaker Series, gain career direction, and much more! https://www.principal.com/about-us/careers/internships

Internship Stipend

You will receive a lump sum stipend of $3,000. 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.

Work Environments

This role offers in-office, hybrid (blending at least three office days in a typical workweek).

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.

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 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 interns.

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 be accepting applications for at least 3 days from when the job was originally posted, after which we may keep open or remove the posting based upon applications we receive. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond 3 days of the original posting date.

Date First Posted (TTF)

10/9/2023