Principal Asset Management Associate Director, Investment Operations
Company Description:
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!
The Middle Market Direct Lending strategy invests in privately negotiated debt transactions, primarily in North America, to support leveraged buyouts, refinancings and recapitalizations. Investments include first lien, unitranche, second lien, and mezzanine loans. Principal targets investment opportunities across a broad range of industries including healthcare, commercial & professional services, consumer products & services, software & technology and business services for both sponsored and non-sponsored deals.
Position Location:
Des Moines, Iowa; New York, New York; Chicago, Illinois
Salary:
$106400 - $182400 / year
Bonus and/or Additional Compensation:
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.
Brief description about the position:
We’re looking for an Associate Director, Investment Operations to join our Middle Market Direct Lending team. In this role, you’ll work with front and back-office team members to provide financial and operational support to portfolio management, underwriting and origination, and operations teams to aid in the management of portfolios!
Responsibilities:
Portfolio Oversite: monitor daily activity and portfolio compliance, streamline and own key business processes, run and analyze portfolio models, oversee leverage provider relationships, and execute special projects
Client Service: be a point of contact for client relationships by assisting with on-boarding, lead quarterly reporting, coordinate RFP responses, along with numerous other ad hoc client requests
Compliance: coordinate with Compliance, CFO, and Head of Operations to ensure all requirements are met through the use of systems and a streamlined process
Loan Servicing: own loan servicing and settlements between the front, back office, and legal, and administrators
Degrees/Licenses designations:
You have a Bachelor's degree in finance, accounting, business analytics, data science or investment related degree or equivalent work experience. 5+ years experience in the middle/front office or agency space in the private credit space Knowledge of financial markets and fixed income strategies, including general knowledge of bond mechanics and pricing calculations Deep understanding of the private market direct lending environment Understanding of basic accounting principles, ability to interpret financial statements, and efficiently and effectively research, compile and analyze information
Qualifications/Special Skills:
Self-driven and motivated with a keen sense of curiosity and open-minded thought process
Sound judgment, critical thinking and problem-solving skills
Familiarity with big data techniques, Excel/Power BI, Allvue preferred
Collaborative, able to build and maintain strong relationships, manage expectations, attend to details, work independently, multi-task and prioritize effectively
Ability to work in a fast-paced, ever-changing, work environment
Contact:
https://careers.principal.com/us/jobs/43613?lang=en-us