Summer 2027

Software Engineer Intern

Summer 2027

Posted on 9/4/2026

Deadline 9/11/26
Principal Financial Group

Principal Financial Group

10,001+ employees

Provides life, retirement, and investment solutions

Compensation Overview

$28 - $30/hr

+ $4,000 lump-sum stipend + Bonus eligibility

No H1B Sponsorship

Charlotte, NC, USA

Hybrid

At least three days per week in the Charlotte office.

Bachelor's

Category
Software Engineering
Required Skills
Power BI
Agile
Python
JavaScript
SAS
React.js
Software Testing
Data Visualization
R
Git
Java
AWS
SCRUM
Informatica
DevOps

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Requirements
  • Currently pursuing or having completed an undergraduate degree program in a preferred science, technology, engineering, or mathematics-related field of study.
  • Involvement in student organizations on campus or in the community, or prior internship experience.
  • Communication and organizational skills and a strong work ethic.
  • Technical curiosity, critical thinking, and the ability to solve technology-based problems.
Responsibilities
  • Deliver customer-centric solutions incorporating desired capabilities, security, scalability, and performance.
  • Collaborate with a scrum team to design, develop, test, deploy, maintain, and improve software and systems while gaining cloud experience.
  • Solve complex problems to create a positive customer experience.
  • Partner with architecture, technical engineers, and other stakeholders on application design and architecture.
  • Help improve operations, document and demonstrate solutions, and ensure software is updated and secure.
  • Develop maintainable, high-quality software by integrating automation tests and following team-standard processes.
Desired Qualifications
  • Leadership positions within student, work, or community organizations.
  • Previous information technology internship or relevant work experience.
  • Continuous learning demonstrated through certifications or other non-traditional learning paths.
  • Development experience with Java, Python, React, JavaScript, Git, and Amazon Web Services.
  • Experience with data visualization technologies including R, Business Objects, Informatica, Power BI, and SAS.
  • Experience with automation tooling.
  • Experience with DevOps and Agile methodologies.
  • Experience with artificial intelligence.
Principal Financial Group

Principal Financial Group

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Principal Financial Group provides a wide range of financial services for individuals, businesses, and institutions. It offers life insurance, retirement plans, annuities, and investment solutions to help clients grow assets and plan for the future. For individuals, products such as life insurance policies (e.g., Principal Executive VUL III and Principal IUL Accumulation II) and variable annuities deliver tax-advantaged growth, flexible investments, and guaranteed income options. For businesses, it offers protection and succession planning, income protection, key employee retention, and disability insurance to safeguard operations and maintain continuity. The company earns from policy premiums, fees for managing retirement plans and annuities, and investment commissions, as well as growth in assets under management. Its goal is to help people and organizations achieve financial security and steady growth by providing tailored products and advisory services.

Company Size

10,001+

Company Stage

IPO

Headquarters

Des Moines, Iowa

Founded

1879

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 adjusted EPS rose 17%, beating targets and lifting margins 200 basis points.
  • Beam Benefits closed August 26, 2026, adding 25,000 small-business customers.
  • Principal returned $427 million in Q2 2026 and lifted the quarterly dividend 8%.

What critics are saying

  • July 2026 brought $11.1 billion investment-management outflows, concentrated in U.S. active equity.
  • April 14, 2026 ERISA class action targets Principal fiduciaries over proprietary target-date funds.
  • If outflows persist through 2027, asset-management fee pressure can overwhelm capital-return strength.

What makes Principal Financial Group unique

  • Principal’s retirement-plan distribution reaches 7,800 plans through proprietary target-date funds and recordkeeping.
  • Beam Benefits acquisition on July 7, 2026 deepens small-business employee benefits distribution.
  • Principal’s income suite now blends proprietary and third-party retirement-income options.

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Benefits

Hybrid Work Options

Meal Benefits

Life Insurance

Disability Insurance

Training Programs

Company News

Yahoo Finance
Jul 27th, 2026
Principal Financial Group Q2 2026 earnings up 17%, raises dividend 8% and returns $427M to shareholders

Principal Financial Group reported second quarter 2026 results, with non-GAAP operating earnings per diluted share of $2.42, up 17% year-over-year excluding significant variances. The company returned $427 million to shareholders through $250 million in share repurchases and $177 million in dividends. Principal announced a third quarter dividend increase of $0.02 to $0.84 per share, representing an 8% rise over the prior year. Assets under management reached $808 billion, part of $1.9 trillion in assets under administration. The firm maintains $1.6 billion in excess and available capital. Chair and CEO Deanna Strable highlighted growth across retirement, small business markets, and global asset management, noting strong earnings growth and return on equity expansion.

Associated Press
Jul 7th, 2026
Principal to acquire Beam Benefits for $175M in small business push

Principal Financial Group has agreed to acquire Beam Benefits, an employee benefits company serving over 25,000 small businesses. Beam offers dental, vision, and ancillary benefits through cloud-native technology with AI capabilities, generating approximately $175 million in premiums in 2025. The acquisition strengthens Principal's position in the small and midsized business segment. Principal currently serves 180,000 employers with retirement, benefits, and business owner solutions. The deal is expected to close in the latter half of 2026, subject to regulatory approvals. Principal expects the acquisition to accelerate premium and fee growth for Specialty Benefits to at or above the high end of its 5–9% medium-term target range in 2027. Beam Benefits CEO Tolithia Kornweibel said joining Principal represents "the natural next step" in the company's journey to transform employee benefits experiences for small businesses.

Yahoo Finance
Jul 1st, 2026
Principal Financial Group expands retirement income suite with automated annuity funds starting at age 47

Principal Financial Group has expanded its lifetime income suite, adding LifeTime Income Builder Index collective investment trust target date funds and new third-party retirement income options. The funds begin allocating to fixed indexed annuities around age 47 and aim to automatically activate a 6% income stream in retirement. The 30 June 2026 expansion aligns with Principal's strategy to deepen its role in defined contribution retirement plans, particularly for workers without traditional pensions. By partnering with third-party managers like TIAA/Nuveen, the company could strengthen its retirement positioning whilst fee income and asset flows face scrutiny. Principal's narrative projects $19.5 billion revenue and $2.3 billion earnings by 2029, requiring 8.1% yearly revenue growth. However, the near-term earnings impact remains uncertain, with persistent market volatility potentially pressuring retirement and asset management fees.

AktienSensor
Jun 15th, 2026
Principal Financial Group secures $16M revolving facility at 3.75% to fuel acquisitions and working capital

Principal Financial Group has secured a AUD 25 million revolving credit facility to support expansion and working capital needs. The three-year loan carries a fixed interest rate of 3.75% per annum and is secured by senior liens over PFG's Australian and UK subsidiaries. The facility enables PFG to maintain flexibility for acquisitions whilst shielding against rising global short-term rates, which have increased from 3.5% in 2023 to 4.1% in early 2024. Management expects the arrangement to improve the company's leverage ratio from 12.4% to 13.1% over the next fiscal year. The revolving structure allows PFG to draw and repay capital aligned with seasonal cash flows, reducing idle cash holdings. The company anticipates 5% incremental EBITDA growth from new revenue streams enabled by the facility.

Yahoo Finance
May 25th, 2026
Principal Financial stock outperforms S&P 500 with 34% gain as Q1 earnings beat estimates

Principal Financial Group shares have gained 34.3% over the past 52 weeks, outperforming the S&P 500's 28% returns, whilst rising 17.7% year-to-date against the index's 9.2% gain. The Des Moines-based company, with a $22.4 billion market cap, provides retirement solutions, asset management and insurance services globally. Shares rose 2.4% following Q1 2026 earnings on 23 April, after adjusted earnings per share climbed 13% year-over-year to $2.17, beating analyst estimates. Despite revenue declining slightly to $3.5 billion, improved profitability from lower expenses, margin expansion and stronger fee income drove investor confidence. Principal Financial managed $770.2 billion in assets under management as of 31 March 2026, part of $1.8 trillion in assets under administration.