Principal Financial Group Counsel (ERISA and Asset Management) - #222007 in Des Moines, Iowa

Job Area: LegalBusiness Area: LawLocation: IA - Des MoinesCareer Category: Experienced ProfessionalFull/Part Time: Full-TimeRegular/Temporary: RegularDate Posted: 2018-10-02


At Principal®, every role supports a greater purpose— to help people live their best lives. And after more than 130 years, we’ve never had a more vibrant and dynamic global team united in our purpose. Through community involvement, innovative financial solutions and dedication to career development, we make a difference in millions of lives every day, including our employees’.

In this role you will provide legal advice and recommendations to business clients so they can make educated and informed business decisions. Handle legal matters of intermediate complexity to ensure that company affairs are conducted within the framework of the law and consistent with sound business practices and ethics.

We are currently have the following opportunities in our legal area:

RIS/ERISAThis lawyer will support RIS FSA with qualified plan issues and potentially RIS Annuities with retail annuities. Pension plan work will include issues relating to pension plan operations and qualification, investment issues, product design, fiduciary/transactional operations, prohibited transaction rules and the ERISA/IRC provisions impacting the same. The pension plan work will include regulatory compliance and advocacy work. Retail annuities work would include work with both fixed and variable annuities and would require knowledge of both insurance and securities laws applicable to annuities.

Asset Management/40 ActLawyers working in this area provide legal services to a number of internal clients on a variety of matters in support of a global asset management business. Candidates should have strong corporate and transactional experience. Experience with laws and regulations applicable to investment management including US and international regulations regarding investment advisers and investment funds is a plus. May also provide legal services to the Principal sponsored registered investment companies (mutual funds and EFTs) on a variety of matters. Securities law experience with an emphasis on registration statement and periodic disclosure filings a plus. Requires excellent oral and written communication skills, organizational skills and the ability to appropriately manage and prioritize a diverse workload.


  • Investment issues, product design

  • Fiduciary/transactional operations

  • Prohibited transaction rules and provisions


  • Requires JD and minimum 5 years’ 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.

  • Some travel may be required.

Visa Sponsorship

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.

Job Level

Willing to consider applicants at higher levels based on experience.


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.