Senior credit analyst [h1.location_city]

Senior Private Credit Analyst

We are looking to hire a Senior Private Credit Analyst to support our investment grade private credit investment strategy! Primarily, you will perform in depth, bottom-up fundamental research on an assigned coverage universe and make investment recommendations to the portfolio management team. You will be responsible for the initial development of company valuation models and underwriting memorandums and will have the opportunity to contribute to other facets of the team's investment process.

Additionally :

• 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
• 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
• Assist with the development of lesser experienced team members

Principal Asset Management is the global investment solutions business for Principal Financial Group (Nasdaq : PFG), managing about $580 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a "Best Places to Work in Money Management" for 13 consecutive years!

Who You Are :

Skills That Will Help You Stand Out :

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) : $157,000 - $213,000 / 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

Location(s) : We're open to Des Moines, IA (preferred) Chicago, or New York City.

Work Environments :

This role offers the ability for in-office or four days in-office and one day remote. You'll work with your leader to determine 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 and 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.

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.