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Principal Financial Group · 20 hours ago

Associate Portfolio Manager – Private Real Estate Debt (General Account)

Des Moines, IA

Full-time

Onsite

Mid, Senior Level

$141K/yr - $191K/yr

8+ years exp

Principal Financial Group is a leading global investment solutions business, managing significant assets including real estate. The Associate Portfolio Manager will support the Private Real Estate Debt team in managing the General Account portfolio, focusing on strategy development, risk evaluation, and ongoing management of real estate debt portfolios.

Financial ServicesInsurance

No H1B

Responsibilities

Support a Sr Portfolio Manager in the development and execution of portfolio strategy and tactical plans aligned with client and General Account risk/return objectives, including product type, geography, leverage, and tax considerations

Manage smaller or less complex portfolios independently and provide analytical and strategic support on larger or more complex portfolios and funds

Monitor portfolio performance and risk metrics; conduct sensitivity, variance, and scenario analyses; and recommend adjustments to holdings as appropriate

Assist with investment valuation activities, partnering with internal and external valuation resources to ensure consistency with firm and client policies

Evaluate and provide recommendations on prospective real estate debt investments, including acquisitions, dispositions, developments, and loan investments, in collaboration with asset management, underwriting, acquisitions, appraisal, and servicing teams

Support the preparation, review, and quality control of portfolio reporting for internal stakeholders, clients, and regulatory requirements

Assist in implementing and monitoring risk management controls across assigned portfolios

Proactively build and maintain relationships with internal partners, external clients, and consultants; contribute to client presentations, marketing efforts, and new business initiatives

Provide guidance, training, and quality oversight to portfolio analysts and less experienced portfolio management staff

Participate in special projects and broader team initiatives as needed

Qualification

Real Estate Debt ExperienceFinancial ModelingPortfolio ManagementAnalytical SkillsRisk ManagementCommunication SkillsOrganizational SkillsRelationship BuildingDecision-Making

Required

Bachelor's degree in Finance, Business, Real Estate, or a related field; MBA preferred

8+ years of analytical commercial real estate or portfolio management experience in real estate

Strong preference for experience in real estate debt or commercial real estate underwriting

Advanced financial modeling skills required: experience with macros is a plus

Demonstrated understanding of economics, investment theory, and their application to portfolio construction and risk management

Strong analytical, organizational, and communication skills, with the ability to synthesize complex information clearly

Proven ability to operate effectively in a deadline-driven, multi-priority environment

Risk-adjusted return mindset with strong quantitative and decision-making capabilities

Ability to build and maintain effective relationships with clients, consultants, and internal stakeholders

Willingness to travel as required

This position may be subject to SEC restrictions on personal political contributions

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.

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