What You'll Do
We’re looking for an Asset Management Analyst to join our Principal Real Estate Investors (PrinREI) team. In this role, you’ll perform lease analysis, valuation modeling, cash flow analysis, development feasibility analysis, and reporting!
PrinREI provides private equity asset management services for client portfolios. The Asset Management Group is actively involved in all stages of the investment life cycle including ground-up development or redevelopment, the acquisition and disposition process, and oversight of property management and leasing. Asset managers participate in developing the investment strategy and tactical plan for each property and have primary responsibility for its execution.
Interact closely with a Senior Asset Manager(s) as well as local market contacts including development/operating partners, property managers, leasing agents, and capital markets/transaction brokers, to develop budgets, business plans, and assist with deal underwriting.
Participate in the quarterly portfolio management reporting process.
Assist in all aspects of investment management and investment production for assigned properties including core, value add, and development activities.
This specific role will support asset management efforts responsible for overseeing a United States geographical region including industrial logistics investments for a large Public Pension Fund client. The Separate Account includes a team of dedicated Asset and Portfolio Managers who cover all major markets in the United States as well as Europe and Canada. The Account is production oriented with a heavy focus on industrial development.
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, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at www.principalam.com!
Who You Are
- Bachelor’s degree (preference for degrees in finance, mathematics, economics or real estate).
Skills that will help you stand out
Real estate experience (including full time or internship experience)
Cumulative 3.25 GPA or higher
Argus and Excel software knowledge
Strong verbal and written communication skills including negotiation and listening skills
Strong organizational skills and demonstrated ability to meet deadlines
Must be able to work in a fast-paced, team environment, with limited supervision
Strong analytical skills, technical and detail orientation, with ability to read, interpret, and understand contracts and other legal documents
Travel to assigned markets (approximately 3-4 times per year) to learn markets, meet with partners, third party property managers, etc. and inspect managed properties
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)
$71300 - $96000 / year
This role will be based out of our Corporate Headquarters located in Des Moines, IA.
This role offers the ability for in-office or four days in-office and one day remote. You’ll work with your leader to figure out which option may align best based on several factors.
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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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.
At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site (https://www.principal.com/about-us/careers) to learn more about our purpose, values and benefits.
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.
We will be accepting applications for at least 3 days from when the job was originally posted, after which we may keep open or remove the posting based upon applications we receive. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond 3 days of the original posting date.
Original Posting Date