Principal Asset Management

Associate or Fixed Income Analyst - Deadline to Apply is 06/13/25

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

Salary:
$86450 - $144400 / 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 Fixed Income Analyst or Fixed Income Analyst to join our Structured Product Fixed Income team. In this role, you’ll conduct fundamental research, surveillance, and analysis on the CMBS (Commercial Mortgage Backed Securities) team!

Responsibilities:
Conduct loan level research and model loan specific risk including financial analysis and projections, monitor and research economic and industry trends that may impact overall loan performance and effectively communicate bond recommendations

Collect, distribute, and analyze market information using a variety of tools and databases such as Trepp and Excel to identify critical data for decision-making

Perform statistical analysis, analyze collateral quality metrics and cash flow distributions to formulate recommendations

Become familiar with factors that could affect portfolios including, but not limited to changes to financial regulation, NRSRO/NAIC methodology and ratings, capital requirements, political and economic environment and any fundamental and technical changes to the securitized product market

Develop and communicate opinions of relative value in the securitized products market sector. Stay abreast of relevant news events. Provide insights to portfolio managers and senior analysts

Assist teams in producing weekly, monthly, and quarterly client information. Contribute to preparing presentation materials and delivering on special projects as needed

Degrees/Licenses designations:
Bachelor's degree in a technical field (ie finance, accounting, economics, statistics, engineering, data science, business analytics). If more qualified, we are willing to hire the next level up which would include a minimum of 2 years of relevant experience in fixed income research, trading, strategy, portfolio management, commercial real estate, or related technical field Commercial Real Estate experience through coursework or experience Must be able to understand basic accounting principles and economic theory, interpret financial statements, and efficiently and effectively research, compile and analyze information Advanced Excel skills and additional technology such as PowerBI and Access

Qualifications/Special Skills:
Previous internship in commercial real estate, fixed income or related technical field

Progress towards CFA

Knowledge of financial markets and fixed income strategies, including general knowledge of bond mechanics and pricing calculations

Collaborative, able to build and maintain strong relationships, manage expectations, attend to details, multi-task and prioritize effectively

Excellent abilities in the areas of communication (verbal and written), time management

Previous experience with Trepp, Argus, Bloomberg and/or Intex

Additional programming languages (ie MATLAB, R, Python, SQL)

Company Web Site:
https://careers.principal.com/us/jobs/46947?lang=en-us