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Principal Financial Group · 16 hours ago

Portfolio Analyst

Des Moines, IA

Full-time

Hybrid

Mid Level

$86K/yr - $117K/yr

3+ years exp

Principal Financial Group is a purpose-led firm that builds financial tools to help customers achieve financial security. The Portfolio Analyst will support the management of the General Account investment portfolio, make investment recommendations, and enhance portfolio reporting and risk monitoring.

Financial ServicesInsurance

No H1B

Responsibilities

Support the investment strategy process through the creation and maintenance of reports tied to the various strategic objectives

Spend time with asset class teams to learn the underwriting process, improve investment knowledge, learn about General Account portfolio management strategy, and understand drivers of return and risk

Assist in developing attribution tools to help explain performance for single asset class

Make investment and portfolio recommendations to portfolio managers regarding their asset class coverage

Complete assigned projects independently, including gathering and coordinating information and conducting statistical and numerical analyses

Present results to the appropriate audience

Monitor existing investments, ensure trades are processed effectively, and work closely with digital solutions to automate and improve reporting efficiency

Collaborate with business unit partners as needed

Build relationships by attending and participating in various committees and working groups

Proactively identify and anticipate the needs and concerns of others

Make recommendations and be willing to challenge the status quo

Initiate dialogue with internal and external contacts

Continuously build on knowledge of investment and business unit operations

Develop an understanding of investment structures, key return and risk drivers and portfolio fit of various asset classes

Stay informed on financial markets, current events, and global and US economies

Qualification

Investment analysisPortfolio managementFinancial markets knowledgeStatistical analysisSASExcelPowerBIMATLABRCommunicationStrategic thinkingCollaborationAdaptability

Required

Bachelor's degree in business or related field, preferably with a major in finance, economics or accounting, with 3+ years of relevant experience in investment position

Must have (or have the ability to obtain) an in-depth understanding of investment instruments and general economic and market factors

Success in this position requires the ability to think strategically, visualize possible scenarios and outcomes based on multiple elements in any given situation, and predict the combined effect of each possible outcome, including GAAP accounting effects

Ability to learn quickly, work independently, work with incomplete information, ask questions for clarity, and subsequently apply this knowledge to form a thesis and make recommendations

Knowledge and experience with analysis technologies (ie SAS, Excel, PowerBI), programming languages (ie MATLAB, R) and other relevant systems is a plus

Occasional travel may be necessary

Preferred

Progress toward an advanced degree or CFA strongly preferred

Benefits

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.

Pension Eligible

Company

Principal Financial Group

Glassdoor3.9

Principal Financial Group® is dedicated to improving the wealth and well-being of people and businesses around the world—helping more than 62M customers plan, protect, invest, and retire as of December 31, 2023.

Founded in 1879

Des Moines, Iowa, USA

10001+ employees