Principal Counsel - Multiple Areas in Des Moines, Iowa
Principal is seeking an experienced attorney with a broad knowledge of issues impacting retirement plans and annuities to join our ERISA/pension legal team. This team handles a wide range of sophisticated legal work for Retirement and Income Solutions, the strategic business unit of Principal that works with retirement plan advisors, plan sponsors and TPAs to deliver financial services to employers and individuals. This lawyer will provide legal advice relating to the daily operation of qualified and tax-favored retirement plans and savings vehicles, product design, fiduciary responsibilities, prohibited transaction rules and retirement product distribution. The ideal candidate would be familiar with a range of investment products offered to retirement plans and participants and the issues related to those products. Experience with institutional trust/custodial services or prior ERISA/retirement plan work in a financial services company is a plus. Relocation is optional.
Corporate Tax Attorney
Job Summary -- Principal is seeking a tax attorney with a minimum of 10 years of corporate taxation experience. The lawyer in this position will work as part of an integrated tax attorney team that provides tax support to Principal’s business units and its Corporate Tax Department. The lawyer will be handling a variety of sophisticated tax issues, and experience in any of the following areas would be a plus: Insurance Company Taxation, Partnership Taxation, Commercial Real Estate Taxation, Investment Taxation, Mutual Fund Taxation, Insurance Product Taxation, HR and Employee Benefits Taxation, or Transfer Pricing. Relocation is optional.
Trust and Custody Attorney
Job Summary -- The Principal Financial Group (PFG) is currently seeking a lawyer to support the trust and custody business of the Principal Financial Group (PFG). The trust and custody business also supports the retirement business of PFG. This lawyer will provide legal advice relating to trust and custodial operations, trust and custodial agreements, product design and fiduciary responsibilities. The ideal candidate would be familiar with a range of trust and custody issues. Experience providing legal services with respect to trust and custodial services associated with ERISA retirement plans, executive compensation plans, and foundations and endowments is a plus. Experience working with banking regulators and outsourcing issues and providing legal services with respect to general banking activities is also a plus. Relocation is optional.
Job Summary -- Principal is seeking a lawyer with a minimum of 5 years of experience to support Principal’s dually registered broker-dealer and investment adviser and will be involved in some or all of the following: development of new products and services; drafting and negotiating agreements; operations and regulatory compliance issues, including matters relating to SEC regulations and FINRA rules; implementation of new rules, regulations, and regulatory guidance; regulatory exams and inquiries; and financial professional recruitment, supervision, and discipline. This position will allow for exposure to many of Principal’s financial and insurance products and the opportunity to gain exposure to multiple business units.
Job Summary--The lawyer in this position will have a minimum of (5) years of commercial real estate experience and will work as part of an integrated team that provides commercial real estate services to Principal Real Estate Investors and Principal Global Investors and will be handling a variety of sophisticated real estate transactions and projects, which may include debt, equity, regulatory and private fund related matters. Primary debt responsibilities may include (i) legal support for loan originations, acquisitions and servicing of mortgage, structured debt, construction and/or participating construction loans; (ii) review and negotiation of loan, due diligence and related documents; and (iii) legal support of the debt portfolio management teams. Primary equity responsibilities may include preparation/review of transaction documents including joint venture agreements, term sheets/letters of intent, purchase and sale agreements, development agreements and leases. This lawyer may also assist with preparation of investment management agreements for new client mandates. An interest in learning about and providing legal assistance with new product development and private fund offerings is a positive.
Requires JD with at least 8 years of experience as an attorney.
Must be admitted to practice in the state employed within twelve months of hire.
Requires knowledge of the relevant area of law and its application.
Must be able to work as a member of a team and independently on a self-motivated basis.
Requires superior written and verbal communication skills.
Must be able to apply knowledge of the law to make sound judgments, communicate, and interact with others in a professional manner.
Informal leadership experience is preferred.
Some travel may be required.
Willing to look at other levels based on experience.
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.)
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.
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.
Requisition ID: 2020-28423
Business Area: Law
Street: 711 High Street
FLSA Status: Exempt