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What You'll Do

We’re looking for a Director or Managing Director, Non-Sponsored Originations to join our Alternative Credit Direct Lending team. In this role, you’ll help build the senior debt origination capabilities within the broader Principal platform across the middle market in the East, as well as opportunistically seek to originate second lien and mezzanine debt.

The professional will support the group’s effort in the Non-Sponsored channel by developing and managing relationships with potential borrowers, non-traditional sponsors (e.g. family office, fundless sponsor) and other origination partners within the direct lending community with responsibilities that include:

+ Originate investment opportunities based on strategic fit and financial return

+ Develop, maintain and leverage relationships with prospective business owners / targets, investment bankers / business brokers, advisors, developers and other industry participants to support a robust pipeline of potential deal activity

+ Develop and manage a direct origination focused senior debt effort across the East

+ Leading and coordinating with the underwriting staff the screening, underwriting, approval, and closing processes for each financing opportunity

+ Evaluate investment opportunities and provide recommendations as to whether time and resources should be allocated

+ Attend and facilitate sessions at lower and core middle market focused M&A events, business owner forums and industry conferences/tradeshows

We are open to hiring either a Director or Managing Director level. See qualifications differences below.

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

+ Bachelors Degree

+ Strong credit capabilities with 10+ (Director) or 15+ (Managing Director) years of relevant middle market credit and originations experience, including at least 5 years of direct underwriting and portfolio management experience

+ Strong sales and negotiating skills along with deep relationships with senior members of leading middle market private equity firms in the East that include a history of sourcing a diverse set of attractive financing transactions

+ Comprehensive knowledge of market pricing and terms along with a creative and balanced approach to credit structuring and pricing

+ Experience in managing multi-product transaction teams, leading the execution effort from origination to closing

Skills That Will Help You Stand Out

+ MBA or CFA expected

+ Easily demonstrates excellent verbal and written communication skills along with strong motivation and leadership skills

+ For Managing Director level: Proven leadership skills specific to managing teams within the middle market credit and loan origination market

+ Able to balance a calm, steady, patient approach to business with passion to compete and win new business in a highly competitive environment

+ Accepts and manages conflict and disagreement in a constructive and professional manner

Travel will be required, up to 50% domestic

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)

$174000 - $277000 / 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)

We’re open to considering in-office, hybrid, or remote talent for someone that lives in the Eastern part of the US. Locations for hybrid talent are New York City, Charlotte, Atlanta. You’ll work with your leader to figure out which option may align best based on several factors. You can check out what our Global Headquarters looks like here: https://youtu.be/-hCqsfzlabk?si=qsFjvfrCaOOGY7Xn

Job Level

We’ll consider talent at the next level with the right experiences and skills. The Director level requires a minimum of ten years experience. The Managing Director requires fifteen years in addition to leadership in the middle market credit and loan origination market

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 and 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 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

7/22/2025

Most Recently Posted Date

7/23/2025

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