Counsel - Private Assets, Asset Management

What You'll Do

Join our Principal Asset Management team as Counsel to provide expert legal guidance in structuring, financing, regulatory, and transactional matters that support Principal Asset Management's Private Assets on our growing global platform.

• Provide strategic legal advice and support for new product development, structuring, and private investment and fund offerings, with a focus on private credit and direct lending investments
• Provide support for investment advisory services and related agreements, all in collaboration with colleagues globally
• Provide accurate, timely, and sound legal advice and recommendations to business unit clients and to executives regarding matters of complexity which have or may have significant risk to business activities and operations. This may include: conducting legal research, consulting with outside counsel, drafting legal documents, and providing work guidance to paralegal and support staff

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!

 

Principal Asset Management offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at www.principalam.com!

Who You Are

• 5 years of legal experience (minimum for this level); 8 years is preferred and an option to hire the next level up
• Expertise with private fund and private asset product development work

Skills That Will Help You Stand Out

• Experience in support of private credit and direct lending capabilities
• Experience in US and international regulations regarding investment advisers and investment funds (including private investment structures and private funds)
• Experience with the Investment Advisers Act and Investment Company Act
• Ability to work collaboratively in a team setting while excelling independently
• Superior written and verbal communication skills, with the ability to distill complex legal matters into actionable insights
• Strong judgment and professionalism in applying legal knowledge to business scenarios
• Informal leadership experience

Requires a law degree from an accredited law school, admittance to the bar in at least one state.

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)

$153000 - $236000 / 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

Yes
Additional Information

Location(s)

This role offers flexible work arrangements, including in-office, hybrid, or fully remote setups. Collaborate with your leader to identify the best arrangement for you. Principal Asset Management home offices are located in Des Moines, Chicago, Seattle, and Charlotte.

Job Level

We’ll consider talent at the next level with the right experiences and skills. This includes at least eight years of legal experience.

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.
Original Posting Date

4/8/2025
Most Recently Posted Date

4/8/2025

LinkedIn Remote Hashtag

#LI-Remote

Salary : $153,000 - $236,000