Associate Portfolio Manager - High Yield Real Estate Debt

What You'll Do

We're looking for an Assistant Portfolio Manager to join our High Yield Debt team within Commercial Real Estate. In this role, you'll assist portfolio manager(s) in the development and execution of the portfolio strategy and tactical plan to achieve risk / return objectives of clients.

Under general direction, develop and implement a portfolio strategy consistent with client objectives, including risk / return, product type, and geographic and leverage preferences, in addition to tax strategy.

Evaluate and monitor ongoing performance of investments and make adjustments to holdings as appropriate. Assist in the valuation process, collaborating with internal / external valuation consultants to implement policies

Manage smaller or less complex portfolios and assist portfolio managers with major accounts or funds. Provide analytical support to the Portfolio Manager regarding client / segment business plans and investment strategies including portfolio performance, sensitivity analysis, variance analysis, and other relevant financial analysis on major accounts.

Provide quality control of portfolio management information. Assist in the implementation and monitoring of appropriate risk management controls

• Evaluate proposals and make recommendations regarding prospective real estate purchases, sales, new development and / or loan investments consistent with portfolio strategy in conjunction with asset managers, loan underwriters, acquisitions staff, appraisal staff, and / or servicing staff
• Proactively develop relationships and initiate dialogue with internal and external clients and consultants. Aid in new business development, fund and program initiatives.

Perform significant role in marketing and client service / presentations

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!

Principal Asset Management offers global asset management expertise across a diverse set of traditional and alternative asset classes.

Check us out at www.principalam.com!

Who You Are

• Bachelor's degree in finance, business or related field; preferably real estate emphasis
• Minimum 8 years of analytical commercial real estate experience, preferably in portfolio management
• Risk-adjusted return mentality, with the ability to make effective decisions
• Strong quantitative financial background
• Experience building strong client and consultant relationships

Skills That Will Help You Stand Out

• Real Estate Debt experience
• High Yield real estate experience
• Ability to demonstrate an understanding of economics, investment theories, and their application to the firm's investment strategy and philosophy
• Strong analytical, organizational, interpersonal and communication skills (oral and written)

Travel is required.

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)

$137000 - $185000 / 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

Additional Information

Location(s)

We prefer candidates based in our Des Moines, IA headquarters but are open to remote talent or those near our offices in Chicago, New York, Charlotte, or Seattle.

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

10 / 18 / 2024

Most Recently Posted Date

10 / 18 / 2024

LinkedIn Remote Hashtag

LI-Remote