What are the responsibilities and job description for the Director, Portfolio Management, Private Infrastructure Debt position at Principal Financial Group?
What You'll Do:
In addition to base pay, this role participates in an annual profit share bonus plan.
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:
Principal Private Infrastructure Debt team is growing! We’re looking for a Director, Portfolio Manager to join our team.
The Director is responsible for senior‑level portfolio management and credit oversight for a diversified global infrastructure debt portfolio, with accountability for ongoing monitoring of investment performance, reporting, and proactive risk management aligned with client Investment Management Agreements. The role also involves underwriting of Infrastructure U.S. Private Placements (USPP) and Project Finance transactions and collaborates closely across the Principal Private Credit platforms, reporting to the Head of Infrastructure Debt.
Portfolio Management & Credit Oversight
- Lead portfolio management and credit oversight for a globally diversified infrastructure debt portfolio, including ongoing credit surveillance, portfolio risk assessments, valuation oversight, and coordination with key constituents including legal, treasury, risk, finance, and operations teams
- Senior client liaison for active and prospective clients
Credit Analysis & Underwriting
- Play a key role in underwriting and executing USPP infrastructure and project finance transactions by executing in fundamental credit analysis, financial models, and downside scenarios, supporting investment decisions and participating in investment committee processes as applicable.
Client, Market & Platform Engagement
- Act as a sector subject‑matter expert by contributing market insight to investment evaluation and portfolio positioning, supporting sourcing efforts alongside origination teams, and participating in client engagement, branding, marketing, and thought‑leadership initiatives that enhance franchise visibility.
Stressed & Underperforming Asset Management
- Monitor and manage underperforming or watch‑list exposures by supporting borrower and sponsor engagement, assisting with remediation or restructuring strategies, coordinating internally on waivers or amendments, and ensuring timely escalation of credit issues.
- Bachelor’s degree required; MBA or CFA expected
- 10 years of experience in infrastructure debt, private placements, project finance, and/or structured credit
- Strong credit analysis and financial modeling skills with a high level of attention to detail
- Established market relationships in the Infrastructure USPP and Project Finance markets
- Experience across global infrastructure sectors
- Strong understanding of project finance documentation, including intercreditor agreements, security packages, and covenants
- Experience with stressed or workout situations is a plus
Skills That Will Help You Stand Out
- Excellent written and verbal communication skills with the ability to represent the portfolio internally and externally
- Demonstrated leadership capabilities within infrastructure and project finance investment teams
- Ability to balance a disciplined, risk-focused approach with commercial awareness in a competitive environment
- Professional and constructive approach to managing conflict, differing viewpoints, and complex stakeholder dynamics
The base salary range for this role is $211,000 - $285,000 as indicated above. Final compensation will be determined based on skills, experience, and alignment with the role’s responsibilities.
In addition to base pay, this role participates in an annual profit share bonus plan.
Locations
We’re open to considering in-office or hybrid talent out of the New York City office. 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 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): 4/10/2026 Latest Post Date: Careers - US: 4/10/2026
LinkedIn Hashtag
: #LI-MT1Salary : $211,000 - $285,000