Principal Asset Management Analyst in Des Moines, Iowa
Principal Real Estate Investors (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.
PrinREI is conducting a search for an Asset Management Analyst to join their team. In this role, you’ll perform lease analysis, valuation modeling, cash flow analysis, development feasibility analysis, and reporting.
Other things you’ll do:
Interact closely with a Senior Asset Manager(s) as well as local market contacts including 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.
If you thrive on building a solid foundation of commercial real estate knowledge, enjoy working autonomously within a team environment, and are a self-starter, then this job might be the one for you!
We’re looking for someone with:
- Bachelor’s degree or equivalent (preference for degrees in finance, mathematics, economics or real estate)
Additional preferred skills and experience:
+ + 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
Be able to professionally meet and interact with others; must be flexible and able to work with limited supervision within a team environment; must be able to work in a fast-paced environment and successfully prioritize competing demands upon their time
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 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.
$65600 - $90300 / year
This role offers the ability for in-office or hybrid (blending both office and remote work in a typical workweek) work arrangements. You’ll work with your leader to determine which option may align best based on several factors.
This role will be based out of our Corporate Headquarters located in Des Moines, IA.
At this time, we're not considering candidates 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 Global Investors 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.
While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees – individually and all of us together. Explore our core values, benefits and why we’re an exceptional place to grow your career.
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.
Requisition ID: 2022-37464
Enterprise Segment: PGI
Business Area: PGI Real Estate
External Company Name: Principal Financial Group
Street: 711 High Street
FLSA Status: Exempt