Operations Accounting Manager I

What You'll Do

We're looking for an Operations Accounting Manager I to join our Principal Custody Solutions (PCS) team. In this role, you'll lead a team of accountants, work with financial reporting and have direct communication with institutional clients!

• Financial Analysis and Reporting: using specialized knowledge and expertise to oversee accounting analysis and reporting of financial transactions of complexity in accordance with generally accepted accounting principles (GAAP), statutory accounting principles (SAP), tax regulations, or other regulatory guidance.
• Compliance and Controls: assist in the development and implementation of governance frameworks and financial controls. Monitor control structure and escalate issues as necessary. Drive remediation plans for control deficiencies. Establish processes to monitor compliance and effectiveness of financial controls in line with the organization's methodology and regulatory reporting requirements.
• Management Reporting: develop business unit reporting systems for management, project or performance reporting and implement processes to deliver information to meet regulatory timing and management needs. Interpret financial reports and accounts, identify and evaluate risks and opportunities and present findings to management for decision making.
• Projects: act as the subject matter expert and work with project owner to ensure accounting and internal control objectives are met through the design and implementation of new products and/or systems. Carry out testing to ensure the system or process is operating as intended. Identify and implement operational excellence projects, providing business requirements for new systems or enhancements.
• Leadership: lead a team including hiring, training, career development, budgeting, and financial management. Provide compensation administration, rewards and recognition, performance management, coaching and mentoring.

Who You Are

• Bachelor's degree in accounting or finance or equivalent experience.
• 5+ years relevant experience required, securities processing background preferred.
• Candidate may be required to register as an Operations Professional within a reasonable time (typically 6 months) of hiring or notification.
• Must possess excellent leadership, decision-making, and negotiation skills, along with the ability to maintain confidentiality.
• Excellent relationship building and communication skills, including verbal, written, phone, and presentation skills.

Skills That Will Help You Stand Out

• CPA or other applicable certifications preferred
• Knowledge of SEI Trust3000 and FIS InvestOne reporting systems.

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)

$100100 - $135300 / 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.

Additional Information

Location

This role offers in-office, and hybrid (blending at least three office days in a typical workweek), work arrangements in our Minneapolis, MN office. You'll work with your leader to figure out which option may align best based on several factors.

Who We Are

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!

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.

Original Posting Date

3/15/2024

Most Recently Posted Date

3/15/2024