Associate Portfolio Manager - High Yield Real Estate Debt
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!
Position Location:
Des Moines, Iowa; Chicago, Illinois; New York, New York; Seattle, Washington; Charlotte, North Carolina
Salary:
$137000 - $185000 / 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 Assistant Portfolio Manager to join our High Yield Debt team within Commercial Real Estate. In this role, you’ll assist portfolio manager(s) in the development and execution of the portfolio strategy and tactical plan to achieve risk/return objectives of clients.
Responsibilities:
Under general direction, develop and implement a portfolio strategy consistent with client objectives, including risk/return, product type, and geographic and leverage preferences, in addition to tax strategy. Evaluate and monitor ongoing performance of investments and make adjustments to holdings as appropriate. Assist in the valuation process, collaborating with internal/external valuation consultants to implement policies
Manage smaller or less complex portfolios and assist portfolio managers with major accounts or funds. Provide analytical support to the Portfolio Manager regarding client/segment business plans and investment strategies including portfolio performance, sensitivity analysis, variance analysis, and other relevant financial analysis on major accounts. Provide quality control of portfolio management information. Assist in the implementation and monitoring of appropriate risk management controls
Evaluate proposals and make recommendations regarding prospective real estate purchases, sales, new development and/or loan investments consistent with portfolio strategy in conjunction with asset managers, loan underwriters, acquisitions staff, appraisal staff, and/or servicing staff.
Proactively develop relationships and initiate dialogue with internal and external clients and consultants. Aid in new business development, fund and program initiatives. Perform significant role in marketing and client service/presentations
Degrees/Licenses designations:
Bachelor's degree in finance, business or related field; preferably real estate emphasis
Qualifications/Special Skills:
Risk-adjusted return mentality, with the ability to make effective decisions
Strong quantitative financial background
Experience building strong client and consultant relationships, Real Estate Debt experience
High Yield real estate experience
MBA
Ability to demonstrate an understanding of economics, investment theories, and their application to the firm's investment strategy and philosophy
Strong analytical, organizational, interpersonal and communication skills (oral and written)
Minimum years of experience required:
Minimum 8 years of analytical commercial real estate experience, preferably in portfolio management
Company will pay travel to interview:
No
Contact:
https://careers.principal.com/us/jobs/44634?lang=en-us