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What You'll Do

We’re looking for a Managing Director, Asset Management to join our Private Equity Real Estate team. In this role, you will be covering a portfolio of assets located in Northern California in production and management of investments!

Day to day responsibilities may include:

+ Direct market development, redevelopment, and investment activities aligned with client goals and returns

+ Set and achieve property leasing goals through broker management and tenant negotiations. Analyze market conditions, tenant credit, and investment profitability

+ Source and structure ground-up development joint ventures, including oversight of documentation and partner relationships

+ Manage portfolio performance against market benchmarks and client expectations

+ Lead regional engineering and development teams while overseeing external partnerships

+ Support capital raising efforts through presentations to clients and consultants

+ Develop and maintain relationships with industry partners to source investment opportunities

+ Meet client reporting deadlines with accuracy

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $579.8 billion in assets including $102.2 billion in real estate assets, and over 60 years of experience our comprehensive, specialized capabilities across all four quadrants of commercial real estate-private equity, public equity, public debt, and private debt gives us a unique perspective on real estate space and capital markets. Principal Asset Management has been recognized as a “Best Places to Work in Money Management” for 13 consecutive years! Check us out at www.principalam.com!

Who You Are

+ Bachelor's degree with evidence of a strong background in finance, mathematics, economics, or business. A degree in real estate and/or an MBA is preferred

+ 10+ years commercial real estate experience with a track record of success with previous asset management/development assignments

+ Experience with multiple product types such as retail, multi-family, office and industrial

Skills That Will Help You Stand Out

+ Experience managing a private equity portfolio

+ Demonstrated leadership experience (to lead service providers)

+ Strong oral/written communication skills, negotiation and presentation skills

+ Independent decision-making ability on complex issues

+ Proven diplomatic and problem-solving capabilities

+ Excellence in organization and deadline management

+ Strong analytical skills and legal document interpretation

Must be able to travel to markets within assigned regions up to 30% of time, or as required.

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 - $236000 / 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

Location(s)

The highly preferred location would be based out of our World Headquarters located in Des Moines, IA. You can check out what our Global Headquarters looks like here. We will also consider remote employees. Additional Asset Management offices include Chicago, Denver, and Seattle in the Midwest and West which would remain close to the assigned portfolio.

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.

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

9/17/2025

Most Recently Posted Date

10/6/2025

LinkedIn Remote Hashtag

\#LI-Remote