Operations Analyst- Commercial Real Estate

What You'll Do

We're looking for an Operations Analyst to join our Commercial Real Estate- Equity Asset Management team. In this role, you'll be responsible for providing timely and efficient support for the regional equity team including, but not limited to, lease review and database administration, construction administration, accounts payable management and approval, quality assurance, reporting, and other special projects.

• Lease Administration : With minimal direction, review, analyze, identify, and abstract terms and conditions of lease, lease-related documents, and other contracts. Input and maintain data in asset management and general ledger system. Track acquisitions and dispositions and update system as appropriate. Resolve discrepancies and inaccuracies with third party providers and / or asset managers as needed. Monitor and track critical dates and run / analyze reports, as necessary.
• Construction Administration : With minimal direction, review, analyze, process, and monitor construction contracts, compare with terms of lease. Review and oversee the construction draw request process - note budget variances and other discrepancies to engineers and development managers. Determine if procedures were met to authorize payment (lien waiver compliance, contract form, change orders, payment applications, insurance certificates etc.). This includes new construction, tenant improvements, capital improvements and other property expenditures.
• Compliance : Monitor and enforce property operational policies and procedures performed by third party property managers as they relate to regulatory, lender, client, and internal requirements. Work with asset manager, senior operations manager, engineer, or financial management to resolve issues and enforce policies and procedures with the property manager, as necessary.
• Invoice and Check Approval : Monitor and approve payment requests from third party vendors following the review and verification of substantiating documentation to ensure accuracy of payment and compliance with procedures.
• Commercial Management Reporting : Responsible for accuracy and reconciliation of property occupancy, lease absorption and other commercial management data and reporting. Produce reports as needed and assist senior team members with client reporting needs. Perform other job-related duties or special projects as required.

Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!

Who You Are

Salary Range Information

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)

$23.29 - $31.51 / hour

Time Off Program

Personal Time Off (PTO) is provided to hourly (non-exempt) employees and provides a set amount of accrued time earned each pay period. Employees can use their PTO for vacation, personal or short-term illness.

Pension Eligible

No

Work Environments

This role offers an in-office and hybrid (blending at least three office days in a typical workweek) work arrangement in Des Moines, IA.

Work Authorization / Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO : F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

Investment Code of Ethics

For Principal Asset Management 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.

Experience Principal

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 to learn more about our purpose, values and benefits.

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.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.

Original Posting Date

9 / 18 / 2025

Most Recently Posted Date

9 / 18 / 2025