Sr Software Engineer II

The Senior Engineer II is a senior-level technical contributor responsible for designing, delivering, and supporting scalable technology solutions across Middle and Back Office functions, including Investment Operations, Fund Operations, and Finance. This role partners closely with operations, accounting, and portfolio teams to modernize platforms, improve data integrity, and enhance global processing capabilities.

The position requires deep domain alignment with asset management workflows (e.g., trade processing, portfolio accounting, valuation, NAV, and reporting) and a strong engineering mindset focused on automation, resiliency, and data-driven architecture., Technology Delivery & Engineering

• Design, develop, and enhance systems supporting Investment Operations, Fund Operations, and Finance (e.g., trade lifecycle, reconciliation, valuation, accounting, and reporting).
• Build scalable, secure, and high-performance solutions aligned to enterprise architecture standards.
• Lead complex system integrations across front-, middle-, and back-office platforms.
• Drive automation of manual operational processes to reduce risk and increase efficiency.
• Data & Platform Ownership
• Ensure high-quality data flows across IBOR/ABOR platforms, fund accounting systems, and downstream reporting tools.
• Support data reconciliation, valuation processes, and financial reporting accuracy.
• Contribute to the design of enterprise data models and data governance practices.
• Business Partnership
• Collaborate with Investment Operations, Fund Accounting, Finance, and Client Reporting teams to translate business needs into technical solutions.
• Participate in operational due diligence support, including systems, controls, and data management discussions.
• Provide subject matter expertise on asset management workflows and supporting technologies.
• Operational Excellence & Risk Management
• Support critical daily processing cycles (valuation, NAV, trade settlement) with a focus on resiliency and timeliness.
• Identify and mitigate operational risks related to system design, data integrity, and process inefficiencies.
• Contribute to audit, compliance, and regulatory initiatives.
• Leadership & Mentorship
• Mentor junior engineers and contribute to team standards, code quality, and engineering best practices.
• Act as a technical lead on key initiatives or workstreams.
• Promote agile delivery practices and continuous improvement.

• Bachelor's degree in Computer Science, Engineering, Finance, or related field.
• 6-10+ years of experience in software engineering, with exposure to asset management or financial services.
• Strong understanding of Middle/Back Office functions, including:
• Investment Operations (trade processing, settlements, reconciliations)
• Fund Operations (NAV, valuation, fund accounting)
• Finance (financial reporting, GL integration, audit processes)
• Experience with portfolio accounting platforms (e.g., Eagle, Geneva, or similar) and/or data platforms supporting IBOR/ABOR.
• Proficiency in modern engineering languages (e.g., Java, Python, C#) and integration patterns (APIs, event-driven, ETL pipelines).
• Experience with cloud platforms and distributed system design preferred., * Familiarity with global asset management operating models and time-sensitive processing cycles.
• Experience with data governance, data quality frameworks, and large-scale data platforms.
• Exposure to regulatory and compliance requirements within asset management.
• Agile/Scrum experience in a global delivery model.

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)

$127000 - $162000 / 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.

Pension Eligible

Yes

Work Environment

This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements (only if residing more than 30 miles from Des Moines, IA, Raleigh, NC, or Charlotte, NC). You'll work with your leader to figure out which option may align best based on several factors.

Work Authorization/Sponsorship

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.)

Nonimmigrant Workers (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/green-card-for-employment-based-immigrants)

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 (https://www.principal.com/about-us/careers) to learn more about our purpose, values and benefits.