Senior Associate, Private Fund Programs and Oversight - Principal Financial Group

What You'll Do:

We’re looking for a Senior Associate to join our Private Market Fund Programs & Oversight team. In this role, you’ll be a point of contact for client and vendor relationships by coordinating on-boarding, as well as working with all areas of our Private Markets teams to provide operational and financial support to portfolio management, underwriting and origination, accounting and finance, as well as operations team members to aid in the management of our private fund’s platform. The professional will help monitor daily activity of investors and investment platforms, streamline and own key business processes, fund compliance metrics,and execute special projects. Additionally, the role may help with compiling quarterly reporting for boards, along with other ad hoc client requests and projects. To be successful, this individual will need to have a strong knowledge of private real estate and alt investments (or a willingness to learn), the ability to work in a fast-paced environment, a desire to problem-solve in collaboration with team members, and an entrepreneurial spirit to facilitate the firm’s expansion of private asset capabilities. The role will also require someone who is self-driven and motivated, intellectually curious, and who understands reporting techniques to enhance the efficiency of business practices. Key responsibilities may include:

• Work with distribution teams with onboarding of new platforms, RIAs, and other partners
• Provide support and coordination with all service providers and vendor processes
• In partnership with CFO and financial reporting team, help complete required client reporting
• Prepare client reporting requests, working with other areas to ensure timely and accurate information is provided
• Streamline business processes and leverage flow of data to create scalability in operations as new funds and products are implemented
• Assist as needed with RFP and diligence responses among various team members while maintaining a repository of frequently requested information from clients and vendors
• Relationship manager of key vendors, managing of agreements, and handle escalations for any issues
• Provide oversight of projects
• Implement efficient processes to enhance information flow, accuracy of data, and coordination between teams
• Partner with finance on key financial information and calculations to help oversee borrowing base and leverage facility relationships
• Work with finance and portfolio managers to help with cash management and quarterly reporting, as needed

 

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!

Who You Are:

• Bachelor's degree required in Business, Finance, Accounting, Business Analytics, or an investment related degree.
• Work experience in the private fund operations space or related experience required, 5+ years of experience
• Knowledge of financial markets and private assets, including general knowledge Real Estate preferred
• Must be collaborative, able to build and maintain strong relationships, manage expectations, attend to details, work independently, multi-task and prioritize effectively
• Self-driven and motivated with a keen sense of curiosity and open-minded thought process
• Sound judgment, critical thinking and problem-solving skills
• Strong communication and interpersonal skills
• Ability to interpret financial statements, and efficiently and effectively research, compile and analyze financial information and metrics
• Ability to work in a fast-paced, ever-changing, work environment

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:$86450 - $182400 / yearTime 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:NoAdditional Information:

Work Environments

This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements (only if residing more than 30 miles from Des Moines, IA, New York, NY or Chicago, IL). 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.

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.Date First Posted (TTF):1/21/2025Latest Post Date: Careers - US:1/21/2025

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