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What You'll Do

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!

+ 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

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!

Who You Are

+ 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

Skills That Will Help You Stand Out

+ 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)

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)

$86450 - $144400 / year

Time Off Program

Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.

Pension Eligible

No

Additional Information

Location(s)

This role will be based out of our World Headquarters located in Des Moines, IA.

Work Environments

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.

Next Level Up

We are willing to hire either an Associate Fixed Income Analyst or the next level up as a Fixed Income Analyst which requires two years of experience. The compensation range shows both positions. Management will decide which level based upon experience.

Work Authorization/Sponsorship

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.

Experience Principal

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.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.

Original Posting Date

5/30/2025

Most Recently Posted Date

5/29/2025