Intern

About the Role

We’re looking for a summer intern to join our Investment Solutions Team in Principal Asset Management for Summer 2027. In this role, you’ll be responsible for assisting the team in various investment-related functions.

Key Responsibilities

• Learn Liability-Driven Investment (LDI) concepts and contribute to the development and implementation of sophisticated investment solutions.
• Design client-facing reports and presentations.
• Use advanced investment tools to generate data for client-facing material.
• Gain exposure to investment solution design and delivery.
• Optimize existing structuring and reporting processes.
• Develop and apply AI agents to enhance investment analysis, research, reporting, knowledge management, and team workflows.
• Identify opportunities to improve analytical, structuring, and reporting processes through automation and process redesign.
• Assist in developing scalable analytical frameworks supporting strategic asset allocation, OCIO, LDI, and derivative-based investment solutions.
• Support the creation of investment dashboards, knowledge repositories, and decision-support tools.
• Evaluate AI-generated analyses and outputs for accuracy, consistency, and investment suitability.
• Contribute to projects involving portfolio construction, risk management, investment strategy, and workflow optimization.
• Assist with integrating data from multiple investment systems and sources to improve analytical efficiency and scalability.

Requirements & Tech Stack

• Working towards a Bachelors degree in financial mathematics, accounting, finance, economics, or a related major.
• Completion of intermediate level coursework in finance.
• Additional exposure to investment concepts through involvement in student organizations or work/intern experiences.
• Ideally has previous work/intern experience in asset management or related financial services field.
• Ability to work onsite, full time in Des Moines over the summer of 2027.
• Strong verbal and written communication skills, with the ability to present ideas clearly and confidently to both technical and non-technical audiences.
• Strong interest in strategic asset allocation, fixed income markets, derivatives, institutional investing, pension risk management, or OCIO solutions.
• You preferably have a 3.5 GPA or higher and/or working towards a CFA charter.
• Experience using Microsoft Copilot, Copilot Studio, ChatGPT, Claude, Gemini, or similar AI platforms.
• Experience building AI agents, copilots, automations, workflow solutions, or analytical tools is highly desirable.
• Familiarity with Python, APIs, data analytics, dashboard development, workflow automation, or related technologies.
• Demonstrated ability to translate complex analytical findings into concise recommendations for technical and non-technical audiences.
• Curiosity regarding governance, controls, model risk, and responsible implementation of AI-enabled solutions.
• Ability to identify process inefficiencies and develop scalable solutions to improve team effectiveness.
• Demonstrated interest in long-term professional development within asset management, institutional consulting, portfolio management, OCIO, investment strategy, or asset allocation.
• Demonstrated commitment to a career in investment management through academic achievement, investment research, student investment organizations, internships, or related experiences.
• Candidates pursuing or intending to pursue the CFA designation are strongly encouraged to apply.
• Progress toward the CFA Program or demonstrated familiarity with CFA curriculum concepts will be viewed favorably.

Qualifications

• Working towards a Bachelors degree in financial mathematics, accounting, finance, economics, or a related major.
• Completion of intermediate level coursework in finance.
• Additional exposure to investment concepts through involvement in student organizations or work/intern experiences.

Location

• This internship will be located at our global headquarters in Des Moines, IA.

Compensation & Benefits

• Hourly Rate: $29 - $29 / hour
• Paid company holidays and any time off required in your state.
• Internship Stipend: $4,000 lump sum to support incidental expenses. The Company will provide a tax gross-up on this stipend.
• Principal Asset Management positions require adherence to an Investment Code of Ethics.

Additional Information

• Principal uses artificial intelligence tools to assist in reviewing and evaluating job applications.
• We are not considering applicants that need any type of immigration sponsorship now or in the future to work in the United States.