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Mutual Fund Tax Accounting Director - #222367

Job Area:Accounting
Business Area:Principal Funds
Location:AZ - Phoenix, CA, CA - Irvine, CA - Los Angeles, CA - San Diego, CA - San Francisco, CA-Folsom, CO - Denver, GA - Atlanta, IA - Des Moines, IL - Chicago, IN - Indianapolis, MA - Boston, MN, MN - Minneapolis, MO - Kansas City, MO - St. Louis, MS - Mississippi, NE - Omaha, NY, OH - Cleveland, OH - Columbus, OK - Oklahoma City, OR - Portland, PA - Philadelphia, TN - Memphis, TN - Nashville, TX - Austin, UT - Salt Lake City, WI - Milwaukee, Washington DC
Career Category:Experienced Professional
Full/Part Time:Full-Time
Date Posted:11/06/2018
Close Date:12/27/2018

Finding the right job is all about finding the right fit.

At Principal, we believe how we do things is every bit as important as what we do. We're guided by our commitment to do the right thing for customers, employees and the environment. And we’re not just jumping on the bandwagon – that’s been part of our culture since we were founded all the way back in 1879.

We’re proud of consistently receiving several recognitions as a top workplace for employees. In fact, Principal made the cut in Forbes’ first-ever list of “America’s Best Employers!” And the best part? It’s our employees who gave us a thumbs-up. 

But don’t take our word for it; see what employees at Principal have to say by checking out our employee stories on our career site.  Another great way to get the inside story is connecting with employees via LinkedIn -- learn more and get a sense of the culture.

Principal is looking for a Director of Mutual Fund Tax Accounting to join the Mutual Fund Accounting team. This team is a part of a broader community of over 400 accountants who work throughout the company. In this role you’ll not only work within your team, but you’ll work with accountants and other business partners across the organization.    


  • Direct all aspects of the 1940 Act Funds (Funds) tax matters
  • Coordination and oversight of the 3rd party tax service provider utilized by the Funds
  • Act as primary tax liaison with outside tax advisors, consultants, auditors, and fund administrators
  • Keep current on emerging tax issues that impact the Funds, actively participate in the industry
  • Coordinate with internal departments to ensure that the tax issues, policies and guidelines are understood and implemented correctly
  • Develop a strong working relationship with portfolio management teams and pro-actively provide the teams with the necessary reporting to assist in the dividend / excise tax management of the Funds
  • Ensure the appropriate level of documentation is created and maintained to support analyses performed, decisions made and conclusions reached
  • Prepare/review tax disclosure for insertion in financial statements
  • Assist in monitoring book/tax differences such as PFICS, wash sales, straddles, contingent debt, equity/debt determination, REITS, MLPs etc.
  • Perform tax research, advice and analysis for current and potential products including keeping appraised of developments and industry issues; draft tax position memos as needed
  • Perform ASC 740 analysis
  • Review and maintain monthly and quarterly tax compliance, IRC diversification, income tests, etc.
  • Enhance/develop internal tax policies/procedures and automation solutions
  • Prepare tax related communications for the Board of Directors
  • Assist in the training and development of staff on tax matters


  • Bachelor’s Degree in Accounting or Finance or equivalent required 
  • Minimum 12 years of related experience with significant time spent in mutual fund accounting
  • ‘40Act/mutual fund/regulated investment company tax required 
  • Experience with complex tax adjustments such as those for derivatives, partnerships, and foreign blocker entities required 
  • Experience determining taxable income and distribution amounts required 
  • Experience establishing and maintaining an internal control environment required 


We have a preference towards candidates who are willing to be located in Des Moines, IA or Folsom, CA. However, we will consider candidates across the US based on qualifications and experience 

Additional Information:

Benefits designed with you in mind.

Because each employee is unique, our benefit packages give you lots of choices.  We offer comprehensive benefits that helps contribute to the healthy, fulfilling life and gratifying work experience you deserve, at an affordable cost.  Click here to see just a few benefits you’ll receive once you join our team.

Not an exact match for this role?  

We’ve got a lot of opportunities, so check out some of the others. And creating an email alert on our career site will help you keep you connected and informed of opportunities you’re interested in with a just a few clicks!

Work Authorization/Sponsorship

At this time, we're not able to consider candidates who would need sponsorship now or in the future or those needing work authorization for this role.  (This includes students on F1-OPT, F1-CPT, J-1, etc.) However, we’d hope you continue to keep us in mind for other potential opportunities in the future. 

Principal is an Affirmative Action and Equal Opportunity Employer.  

All qualified applicants will receive consideration for employment without regard to of 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.

Investment Code of Ethics

For positions with Principal Global Investors, you will be required to comply with a Code of Ethics which covers a number of obligations 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.