Responsibilities

We’re looking for an Asset Management Analyst to join our Principal Real Estate team. In this role, you’ll perform lease analysis, valuation modeling, cash flow analysis, development feasibility analysis, and reporting!

 

Principal Real Estate 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.

• 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!

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $580 billion in assets and over 60 years of experience. 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!

Qualifications

• Bachelor’s degree (preference for degrees in finance, mathematics, economics or real estate).
• Advanced Excel

Skills That Will Help You Stand Out

• Real estate experience (including coursework, full time, or internship experience)
• Argus software knowledge
• GPA of 3.5 or above
• Strong verbal and written communication skills including negotiation and listening skills
• Strong organizational skills and demonstrated ability to meet deadlines
• Ability to work in a fast-paced, team environment, with limited supervision
• Strong analytical skills, technical and detail orientation, with ability to read, interpret, and understand contracts and other legal documents

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

$71250 - $116850 / 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

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.

Job Level

We’ll consider talent at the next level with the right experiences and skills. To be considered for the Senior Analyst, experience will require at least one but closer to at least three years of real estate experience. Management will determine level based on experience. The compensation range for an Analyst is $71,250-$95,950. A Senior Analyst is $86,450-$116,850.

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.