Principal Asset Management, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes.

 

The Senior Associate will serve as a lead analyst covering traditional investment strategies for Principal Asset Allocation ("PAA") on the Manager Alpha Research & Selection (“MARS”) team. MARS is a new team supporting PAA’s $130+ billion in assets under management (1/31/2023) - including $30+ billion in external sub-advised, private fund, mutual fund, ETF, and other investment strategy vehicles - serving a global client base. The individual can be a generalist or have an equity/fixed income strategy specialty and will work in close collaboration with the Director of MARS for public markets strategy coverage. There may also be an opportunity to support MARS efforts covering alternative investments (private assets and hedge funds). The Sr. Associate will be a key contributor responsible for selecting new external strategy ideas, monitoring existing portfolio positions, and partnering closely with PAA portfolio managers to drive alpha through strategic and tactical strategy allocation decisions.

Responsibilities

• Serve as a generalist or asset class expert for public market investment strategies. This includes conveying a deep understanding of PAA strategies’ objectives and investment processes to understand how underlying investments apply
• Work closely with the PM team to oversee existing strategies including the facilitation of ongoing reviews
• Proactively engage with senior team members on research of new ideas, themes, strategies for PAA funds
• Development and maintain industry relationships with existing and prospective external investment partners
• In addition to working collaboratively with PAA's PM team, this role will also work closely with the Director of MARS to contribute to the evolution of the team's processes by proactively suggesting and developing new ideas and insights
• Contribute to asset class thought leadership content
• Occasionally represent the MARS team to internal and external constituents (i.e. client meetings, industry conferences, etc.)

Check us out at https://www.principalam.com/!

We’re looking for someone with:

• Bachelors degree in business or related field, preferably with a major in finance or economics
• 5+ years of experience in investment management or manager research
• Proven experience and success in conducting open architecture manager research
• Solid understanding of investment managers and general knowledge of current economic and financial market conditions. Consistent track record to efficiently and effectively research, compile, and analyze information required
• Advanced Excel ability and proficiency with PowerPoint

Preferred Skills:

• • Experience with Morningstar Direct, FactSet, eVestment, or similar tools
  • Experience covering offshore UCITS vehicles a plus
  • MBA or CFA
  • A high degree of integrity required. Must be able to stay organized, prioritize, handle expectations, and attend to details in a fast-paced work environment, and wisely use resources available
  • Must have excellent analytical, written, oral and interpersonal communication skills

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.

$123000 - $167000 / year

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.

 

Location

This role will be based out of Principal Asset Management locations which include Des Moines, New York City, or Seattle.

Work Authorization/Sponsorship

At this time, we're not considering candidates 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 and Green Card for Employment-Based Immigrants

 

Investment Code of Ethics

For Principal Global Investors 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

While our expertise spans the globe, we're bound by one common purpose: to cultivate a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees – individually and all of us together. Explore our core values, benefits and why we’re an exceptional place to grow your career.

 

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.

#LI-LT1