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What You'll Do

We’re looking for a Portfolio Analyst to join our Principal Asset Allocation’s (“PAA”) Portfolio Management team. In this role, you’ll provide support in the day-to-day implementation and management of multi-asset, multi-manager outcome-oriented strategies. These strategies invest in equities, fixed income and alternatives across both public and private markets!

Portfolio activity includes:

• Client activity: monitoring, reconciling, investment/divestment and ensuring liquidity.

• Rebalance activity.

• Manager and asset allocation changes.

• Generate and analyze performance attribution with a goal of understanding implications of portfolio positions and decisions. This includes writing and communicating insightful and succinct fund commentaries.

• Run portfolio construction analytics and perform research to support portfolio decisions. This may include the development of new analytical tools to support all aspects of portfolio management and reporting.

• Coordinate with internal constituents to enhance reporting capabilities and operational processes supporting the business, specifically across private market investments.

• Establish and maintain thorough process and workflow documents.

• Partake in the research, analysis and development of thought leadership content on topical investment ideas such as inflation, climate change, etc. This is aided by engaging and contributing to asset allocation, manager research and portfolio construction meetings and discussions.

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 with an emphasis in an investment related field preferred

• 3+ years of direct experience in portfolio implementation/analysis/management

• Strong analytical skills with hands-on experience supporting one or more performance or risk-based platforms preferred (e.g. Factset, Barra, Morningstar, Bloomberg)

• Strong Excel skills a must (VBA proficiency a plus). Ability to program / code preferred

Skills That Will Help You Stand Out

• Public and/or Private Market experience

• CFA designation, or progression towards

• Familiarity with an Order Management System (OMS) strongly preferred (e.g. Charles River, Aladdin)

• Must be a self-starter with strong attention to detail, organizational skills, work ethic and ability to handle multiple tasks and requests from various parties in a timely and efficient manner

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)

$106400 - $182400 / 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

No

Additional Information

Location(s)

We’re open to considering in-office or hybrid talent. Locations for hybrid talent are New York City, Des Moines, or Seattle.

Work Environments

This role offers the ability for in-office or hybrid (blending both office and remote work in a typical workweek) work arrangements. You’ll work with your leader to figure out which option may align best based on several factors

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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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 (https://www.principal.com/about-us/careers) 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

8/29/2024

Most Recently Posted Date

8/29/2024