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Principal Financial Group · 11 hours ago

Associate Private Credit Analyst, Investment Grade

Des Moines, IA

Full-time

Hybrid

Entry Level

$123K/yr - $167K/yr

2+ years exp

Principal Financial Group is a leading global investment solutions business managing about $580 billion in assets. They are seeking an Associate Private Credit Analyst to support their investment grade private credit investment strategy by performing fundamental research and making investment recommendations to the portfolio management team.

Financial ServicesInsurance

No H1B

Responsibilities

Perform in depth, bottom-up fundamental research on an assigned coverage universe and make investment recommendations to the portfolio management team

Evaluate private placement transactions, both investment and non-investment grade and including traditional private placements, infrastructure, structuring commitments, closing transactions, managing and monitoring existing investments

Build financial models with both historical performance and pro forma projections

Develop and maintain relationships with sources of deal flow

Identify quality businesses with above average fundamentals long term investment horizon (typically 3-5 years)

Make long-term investment recommendations for multiple portfolios

Monitor existing investments within their assigned sector coverage

Work with Head of Private Credit by making buy or pass recommendations

Qualification

Financial modelingCredit analysisInvestment recommendationsExcel proficiencyFinancial statement analysisPrivate placementsRelationship managementEconomicsDebt structures knowledgeNegotiation skills

Required

Bachelor's degree in technical field (i.e. finance, accounting, economics, statistics, engineering, data science, business analytics)

2+ years' experience in fixed income strategies in credit analysis, investment banking, private credit, or a related field

Strong proficiency with Excel and financial modeling

Financial statement analysis and credit risk assessment experience

Preferred

Experience in investment-grade lending, corporate credit analysis, or private placements

Experience with the infrastructure sector

MBA or CFA (or progress towards)

Familiarity with credit analysis tools and databases such as S&P Capital IQ, Moody's, or Bloomberg

Accounting experience

Demonstrated understanding of economics and investment theories

An understanding of debt structures, interest rates, and market conditions affecting investment-grade credit

Strong understanding of the private credit transaction process, including structuring, negotiation, and documentation

Ability to build and maintain strong relationships with borrowers, sponsors, and external parties

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