Associate, Investments, Private Infrastructure Debt

Principal Financial Group•New York, NY

10d•Hybrid

About The Position

The Principal Private Infrastructure Debt team is growing and seeking an Associate to support deal evaluation of High Yield and Investment Grade transactions. This role involves underwriting, structuring, portfolio monitoring, and client work across various infrastructure sectors. The Associate will conduct credit analysis, build financial models, and provide research insights to assist senior team members in investment decisions. This position offers the opportunity to gain significant experience in infrastructure finance and contribute to a dynamic investment team with a growth mindset that believes in developing employee talents and welcoming fresh perspectives.

Requirements

Bachelor’s degree in finance, accounting, engineering or a related technical field (minimum 3.5 GPA).
3+ years’ experience in a combination of Infrastructure, Project Finance Loans, and Fixed Income.
Strong Excel-based financial modeling skills, including experience developing and maintaining financial models, analyzing key financial metrics, and creating thorough underwriting memos.
Solid understanding of accounting principles, financial statement analysis, credit analysis, and economic fundamentals.
Familiarity with financial markets, fixed income strategies, and credit evaluation methods.
Demonstrated ability to use available AI tools to improve workflow efficiency.

Nice To Haves

Prior experience in credit analysis, underwriting, or a credit-focused investment role.
Experience within one or more infrastructure sectors, including energy, power, renewables, transportation, or digital infrastructure.
Progress towards CFA certification.
Team-oriented, able to build relationships, manage expectations, and prioritize tasks effectively.
Curious, open-minded, and eager to learn.
Experience with tools such as Bloomberg, Python, or similar technologies.

Responsibilities

Analyze and support infrastructure transaction activity including private placements and bank loans, and monitor existing investments.
Develop and maintain credit memos, financial models, assess key financial metrics, and conduct industry research.
Build and maintain relationships with sponsors, agents, and advisors.
Research economic, regulatory, and market trends impacting investments.
Support marketing, RFPs, and client inquiries.
Stay informed on financial markets, industry trends, and capital market conditions.