Job Area: Investments
Business Area: PGI Fixed Income
Location: IA - Des Moines
Career Category: Intern
Full/Part Time: Full-Time
Date Posted: 2018-09-27
Pursue your calling and make an impact.
We know it's important to get off to a great start with your career. Principal offers multiple opportunities to gain experience, make connections, and provide fast-tracked opportunities to learn our business from the inside out.
You're not just looking for an internship.
We hear you. That's why working with us isn't just about skill sets and job responsibilities. We care about offering you diverse experiences, rewarding challenges, and global opportunities that push you to reach for bigger life goals.
The Internship Experience
Principal will host 200 interns across various business units and teams. You will meet with senior executives, gain career direction, and contribute to work that helps our customers live their best lives - all at a Fortune 500 company who invests in your personal and professional development.
Did we mention you'll have plenty of time to explore Des Moines?
Principal is headquartered in Des Moines, Iowa, the Midwest's best-kept secret. You'll get a chance to network at social events and volunteer in the community with peers and team members. From its miles of trails and lakes, local wineries and breweries, to world-class music, theater and a thriving foodie scene, Des Moines offers big-city perks with small-town charm.
Principal Global Investors will have two internships, January through July and June through December 2019, in our Fixed Income Department. During your internship, you will work closely with members of our Fundamental Analyst Team while also assisting our Total Return team with attribution reports.
You will be responsible for preparing Commercial Paper Reviews, assist with financial models and ensuring the data integrity of our investment holdings. As your familiarity with investments increases, you will be given opportunities to assist with sector coverage, monthly presentations, and improving our current processes.
Other functions you may assist with are:
Manage and assist the analysts in preparing Private Placement Screening Memos
Assisting the traders on an ad hoc basis
Running specific daily, weekly, and quarterly reporting requirements for traders and analysts
Improving, streamlining, and documenting existing processes
Assisting with sector coverage
Direct interaction with company roadshows and/or Bloomberg representatives
You must be available to work 40 hours per week from January through July 2019 OR June through December 2019 in Des Moines, IA.
Applicants must be working toward a degree in finance, economics, accounting, engineering or a related major
Completion of intermediate level coursework in finance is preferred
This position requires strong attention to detail so a cumulative GPA of 3.0 or higher is required, 3.5 GPA or higher is preferred
Additional exposure to investment concepts through involvement in student organizations or work experiences is also preferred
Strong communication skills and the ability to interact professionally are essential in this role.
Investment Code of Ethics
You will be required to comply with a Code of Ethics which covers personal trading activities for you and members of your household.
This position is not eligible for sponsorship for work authorization by Principal. Therefore, if you will require sponsorship for work authorization now or in the future, we cannot consider your application at this time.
Principal is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.
What's next? Innovation at its finest.
We'll review your application and if you're selected for an interview, you'll receive an invite for an On-Demand Video interview. Haven't done that before, don't worry.
We've got all the tips and tricks available to help you be successful. With an On-Demand Video Interview, you can add your own flair and personality at your pace.
Be sure to check your email frequently. We'll communicate our decisions through the email address used on your online profile. If you receive an email from Principal Talent Team, you've been selected to begin your video interview and have a set time to submit once you log in.
Principal Financial Group