Associate, Portfolio Management, Private Equity Real Estate
About The Position
We’re looking for an Associate to join our Portfolio Management Group within Private Equity Real Estate. In this role, you’ll provide analytical, reporting, and portfolio management support for an institutional client. This role is responsible for building and maintaining portfolio models, conducting financial analysis, and ensuring timely and accurate reporting for clients and internal stakeholders. Associates also coordinate across acquisitions, asset management, and finance teams to align reporting and analysis. The position involves reviewing Analyst work, mentoring junior staff, and contributing to the execution of portfolio strategies, with limited but increasing client exposure. Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $580 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a “Best Places to Work in Money Management” for 13 consecutive years! Check us out at www.principalam.com!
Requirements
- Bachelor’s degree or equivalent experience, preferably in finance, real estate, economics, business, or related field; real estate emphasis preferred.
- 3+ years of relevant commercial real estate or analytical experience.
- Strong financial modeling and quantitative skills.
- Proficiency with commercial real estate applications (ARGUS strongly preferred) & Excel.
- Exemplary written and verbal communication skills.
- Ability to manage multiple projects in a deadline-driven environment.
- Willingness to travel as necessary (~5%).
Responsibilities
- Develop extensive knowledge of the assets within the portfolio. Provide analytical support regarding business plans and investment strategies including portfolio performance, diversification measures, sensitivity analysis, variance analysis, attribution, and other relevant financial analysis. Coordinate with acquisitions and asset management teams to ensure alignment of reporting and strategy.
- Underwrite and review acquisition and development opportunities sourced by Joint Venture partners and real estate operating companies. Provide thorough feedback and analysis of potential opportunities.
- Build complex dynamic financial models to analyze investment opportunities
- Review potential lease proposals from tenants and create financial models to assess the return metrics of potential leases.
- Lead preparation of recurring portfolio reports for clients, consultants, and internal stakeholders. Ensure reporting accuracy and consistency across assigned deliverables. Review work for completeness and accuracy.
- Manage the quarterly valuation process in consultation with other Principal Team members. Act as a liaison between Principal and third-party appraisers and Joint Venture Partners.
- Demonstrate accountability, ability to work independently, and a strong work ethic. Contribute to onboarding and training of junior staff. Support a collaborative team culture.
- Assist in development and launch of new strategies, funds, and separate accounts. Contribute to special projects, process improvements, and research initiatives. Provide ad hoc support to senior management as required.
- Perform research on product types, markets, trends, debt instruments or other topics to assist in management of the real estate portfolio. Continue to develop an understanding of real estate market/ portfolio dynamics.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
