Principal Asset Management MD

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; Charlotte, North Carolina

Salary:
$205000 - $277000 / 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 a Managing Director, Portfolio Management to join our Retail and Residential team. In this role, you’ll create, develop, and direct portfolio strategies to maximize the performance of the Real Estate portfolio in a manner consistent with a large institutional pension client!

Responsibilities:
Strategic Planning: Create strategic initiatives for retail, residential, and mixed-use strategy. Includes outlining and demonstrating the structure to the client, senior management, and employees and implementing that strategy through downstream programmatic or one-off operating partners. Could involve the creation of various investment vehicles and structures to provide strong risk adjusted returns for the client. Will require the procurement and negotiation of agreements with various operating and institutional partners.

Portfolio Management: Manage one of the larger and more complex portfolios. Direct the implementation of business plans. Review and approve proposed real estate transactions and financial decisions for underwriting consistency and capital customer requirements; consult on transaction structuring and pricing placing an emphasis on the impact to overall portfolio goals; and ensure appropriate risk management controls are implemented and monitored. Sit on and approve items on various management committees as a representative of the client.

Valuation, Compliance & Reporting: Collaborate with internal/external valuation consultants to implement the valuation policy of all real estate in the portfolios. Assure consistency, theoretical rigor, and regulatory and external audit compliance. Direct the orderly and efficient preparation of clear and concise financial and statistical reports.

Marketing: Represent Principal Real Estate Investors to the industry/market. Proactively develop relationships operating partners, brokers, and other market constituents. Maintain a working knowledge of the market and adapt the business to changes in the market environment.

Staff Leadership & Development: Manage and develop real estate investment professionals to successfully execute investment strategies.

Degrees/Licenses designations:
Bachelor's degree in finance, business or related field; preferably real estate emphasis 15+ years of analytical commercial real estate experience, preferably in portfolio and asset management Experience in the technical and judicious review and approval of investment decisions (acquisitions, dispositions, development, financing, leasing)

Qualifications/Special Skills:
- Experience sourcing and/or managing joint ventures with third party operations.
- MBA
- Exemplary leadership, organizational, interpersonal, listening, presentation, negotiation and communication skills (oral and written).
- Ability to work effectively in a deadline driven environment while handling multiple priorities

Minimum years of experience required:
15+ years of analytical commercial real estate experience, preferably in portfolio and asset management

Contact: https://careers.principal.com/us/jobs/44368?lang=en-us