Work in Iowa Energy Jobs

What You'll Do

We are looking for a Senior Associate who will serve a dual function, covering traditional investment strategies and developing quantitative techniques and tools for Principal Asset Allocation (PAA) on the Manager Alpha Research & Selection (MARS) team!

MARS is a new team supporting PAA’s $132+ billion in assets under management (1/31/2023) - including $30+ billion in external sub-advised, private fund, mutual fund, ETF, and other investment strategy vehicles - serving a global client base. The individual can be a generalist or have an equity/fixed income strategy specialty and will work in close collaboration with other MARS analysts for public markets strategy coverage. The Senior Associate will be a key contributor responsible for selecting new external strategy ideas, monitoring existing portfolio positions, and partnering closely with PAA portfolio managers to drive alpha through strategic and tactical strategy allocation decisions. In addition to contributing to traditional due diligence coverage, this role will lead quantitative efforts to help MARS improve organization, efficiency, and effectiveness with sourcing, screening, analyzing, and monitoring investment strategies. This is a new role with opportunity for a creative and entrepreneurial-minded individual then to own development of critical and visible new tools and processes.

Responsibilities

• Serve as a generalist or asset class expert for public market investment strategies. This includes conveying a deep understanding of PAA strategies’ objectives and investment processes to understand how underlying investments apply

• Develop quantitative tools and methods to help MARS and PAA more efficiently and effectively source, screen, analyze, and monitor investment strategies.

• Collaborate closely with the PM team to oversee existing covered strategies including the facilitation of ongoing reviews

• Proactively engage with senior team members on research of new ideas, themes, strategies for PAA funds

• Development and maintain industry relationships with existing and prospective external investment partners

• Contribute to the evolution of the team's processes by proactively suggesting and developing new ideas and insights

• Occasionally represent PAA and the MARS team to internal and external constituents (i.e. client meetings, industry conferences, etc.)

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 https://www.principalam.com/!

Who You Are

• Bachelors degree in business or related field, preferably with a major in finance, economics, or a quantitative/statistical area

• 5+ years of experience in investment management, manager research, or a related quantitative investment research focus

• Validated experience and success in conducting open architecture manager research

• Confirmed understanding of investment managers and general knowledge of current economic and financial market conditions. Consistent track record to efficiently and effectively research, compile, and analyze information

• Must have strong quantitative modeling abilities including advanced Excel

• Programming skills and experience preferred, such as Python, R, Matlab, Excel VBA

Skills That Will Help You Stand Out

• Experience with Morningstar Direct, FactSet, eVestment, or similar tools

• Database language skills and experience (SQL, AWS, Snowflake)

• Experience with data visualization tools (PowerBI, Tableau)

• MBA or CFA

• A high degree of integrity. Must be able to stay organized, prioritize, handle expectations, and attend to details in a fast-paced work environment, and wisely use resources available

• Excellent written, oral and interpersonal communication skills

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)

$123000 - $167000 / year

Additional Information

Location(s)

This role will be based out of Principal Asset Management locations which include Des Moines, New York City, or Seattle

Work Environments

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 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 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

7/10/2023

LinkedIn Hashtag

#LI-LT1