Associate Director, Portfolio Management, Private Infrastructure Debt

Principal Financial Group • New York, NY

6h • Hybrid

About The Position

The Principal Private Infrastructure Debt team is seeking a Vice President of Portfolio Management to oversee a diverse global infrastructure debt portfolio. This role involves monitoring investment performance, reporting, and proactive risk management in line with client agreements. Responsibilities also include underwriting U.S. Private Placements (USPP) and Project Finance transactions, collaborating across Principal Private Credit platforms, and reporting to the Head of Infrastructure Debt.

Requirements

• Bachelor’s degree required; MBA or CFA expected
• 5+ 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

Nice To Haves

• Experience with stressed or workout situations is a plus
• 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

Responsibilities

• 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.
• Client liaison for active and prospective clients.
• 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.
• 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.
• 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.

Benefits

• Annual profit share bonus plan
• 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.
• Comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager