Apply on Employer Site

Principal Financial Group · 14 hours ago

Associate, Portfolio Management, Private Equity Real Estate

Chicago, IL

Full-time

Hybrid

Mid Level

$89K/yr - $140K/yr

3+ years exp

Principal Financial Group is a leading global investment solutions business managing about $580 billion in assets. They are seeking an Associate to join their Portfolio Management Group within Private Equity Real Estate, responsible for providing analytical support, conducting financial analyses, and ensuring accurate reporting for institutional clients.

Financial ServicesInsurance

No H1B

U.S. Citizen Only

Responsibilities

Develop extensive knowledge of the assets within the portfolio. Provide analytical support regarding business plans and investment strategies including portfolio performance, diversification measures, sensitivity analysis, variance analysis, attribution, and other relevant financial analysis. Coordinate with acquisitions and asset management teams to ensure alignment of reporting and strategy

Underwrite and review acquisition and development opportunities sourced by Joint Venture partners and real estate operating companies. Provide thorough feedback and analysis of potential opportunities

Build complex dynamic financial models to analyze investment opportunities

Review potential lease proposals from tenants and create financial models to assess the return metrics of potential leases

Lead preparation of recurring portfolio reports for clients, consultants, and internal stakeholders. Ensure reporting accuracy and consistency across assigned deliverables. Review work for completeness and accuracy

Manage the quarterly valuation process in consultation with other Principal Team members. Act as a liaison between Principal and third-party appraisers and Joint Venture Partners

Demonstrate accountability, ability to work independently, and a strong work ethic. Contribute to onboarding and training of junior staff. Support a collaborative team culture

Assist in development and launch of new strategies, funds, and separate accounts. Contribute to special projects, process improvements, and research initiatives. Provide ad hoc support to senior management as required

Perform research on product types, markets, trends, debt instruments or other topics to assist in management of the real estate portfolio. Continue to develop an understanding of real estate market/ portfolio dynamics

Qualification

Financial modelingPortfolio managementCommercial real estateARGUSExcelAnalytical skillsCommunication skillsProject managementMentorship

Required

Bachelor's degree or equivalent experience, preferably in finance, real estate, economics, business, or related field; real estate emphasis preferred

3+ years of relevant commercial real estate or analytical experience

Strong financial modeling and quantitative skills

Proficiency with commercial real estate applications (ARGUS strongly preferred) & Excel

Exemplary written and verbal communication skills

Ability to manage multiple projects in a deadline-driven environment

Willingness to travel as necessary (:5%)

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