What are the responsibilities and job description for the Associate Director, Portfolio Management (Private Equity Real Estate) position at Principal Financial Group?
What You'll Do
As an Associate Director, you’ll help drive strategy and execution for a diverse mix of portfolios. The team focuses on the value-add and opportunistic end of the risk spectrum, spanning both closed-end fund strategies and separate account mandates. You’ll take a hands-on role in positioning these portfolios for long-term performance while partnering closely with senior leaders across acquisitions, development, asset management, finance, and client teams.
Key areas of responsibility:
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 recognized as a “Best Places to Work in Money Management” for 13 consecutive years. Through its real estate platform, Principal Asset Management is recognized as a top-10 global real estate manager, with decades of experience across the full spectrum of commercial real estate—spanning public and private equity as well as public and private debt.
Who You Are
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)
$141000 - $191000 / 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
We’re open to candidates based in any of the following office locations: Des Moines (Global Headquarters), Chicago, or New York. Hybrid and in-office work arrangements are available at each location. We’re also open to remote work, depending on the role and candidate location. Final work arrangements will be determined in partnership with your leader, based on team collaboration needs, responsibilities, and geography.
Work Authorization/Sponsorship
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.
https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers and https://www.uscis.gov/green-card/green-card-eligibility/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.
Experience Principal
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.
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
12/11/2025
Most Recently Posted Date
12/10/2025
LinkedIn Remote Hashtag
As an Associate Director, you’ll help drive strategy and execution for a diverse mix of portfolios. The team focuses on the value-add and opportunistic end of the risk spectrum, spanning both closed-end fund strategies and separate account mandates. You’ll take a hands-on role in positioning these portfolios for long-term performance while partnering closely with senior leaders across acquisitions, development, asset management, finance, and client teams.
Key areas of responsibility:
- Strategy & Investment Decisions: Support portfolio strategy development and execution. Provide input on acquisitions, dispositions, financings, developments, and hold/sell decisions.
- Client & Investor Engagement: Participate in client meetings, respond to portfolio-related inquiries, and support relationship-building, mandate expansion, and capital-raising efforts.
- Portfolio Management: Manage assigned portfolios, monitor performance, conduct analysis, and recommend strategic adjustments. Partner across teams to ensure valuation accuracy and alignment with overall portfolio strategy.
- Reporting & Analytics: Oversee the preparation and quality of client, consultant, and regulatory reporting. Deliver clear, concise commentary connecting performance to strategy and maintaining strong risk controls.
- Leadership & Mentorship: Provide guidance and oversight to Associates and Analysts. Support onboarding, training, and ongoing knowledge-sharing across the team.
- Strategic Initiatives: Contribute to new product development, process improvements, technology enhancements, and broader platform initiatives.
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 recognized as a “Best Places to Work in Money Management” for 13 consecutive years. Through its real estate platform, Principal Asset Management is recognized as a top-10 global real estate manager, with decades of experience across the full spectrum of commercial real estate—spanning public and private equity as well as public and private debt.
Who You Are
- Bachelor’s degree required (finance, economics, business, or related field preferred); MBA or advanced degree a plus.
- Minimum 6 years of commercial real estate investment or portfolio management experience.
- Strong understanding of real estate finance, investment theory, and portfolio construction.
- Comfortable investing across the real estate risk spectrum, from core and core-plus through value-add, opportunistic, and development strategies; closed-end fund experience a plus.
- Proven analytical and financial modeling skills, with ability to translate data into actionable recommendations.
- Strong communication and interpersonal skills, with experience supporting client and consultant relationships.
- Ability to manage multiple projects with competing priorities in a deadline-driven environment.
- Desire to mentor and serve as a role model to junior team members.
- Willingness to travel.
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)
$141000 - $191000 / 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
We’re open to candidates based in any of the following office locations: Des Moines (Global Headquarters), Chicago, or New York. Hybrid and in-office work arrangements are available at each location. We’re also open to remote work, depending on the role and candidate location. Final work arrangements will be determined in partnership with your leader, based on team collaboration needs, responsibilities, and geography.
Work Authorization/Sponsorship
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.
https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers and https://www.uscis.gov/green-card/green-card-eligibility/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.
Experience Principal
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.
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
12/11/2025
Most Recently Posted Date
12/10/2025
LinkedIn Remote Hashtag
Salary : $141,000 - $191,000