Counsel - Private Assets, Asset Management

Principal Financial Services • Des Moines, IA

284d • $153,000 - $236,000 • Remote

About The Position

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!

Requirements

• 5+ years of legal experience; 8+ years preferred.
• Expertise with private fund and private asset product development work.
• Requires a law degree from an accredited law school.
• Admittance to the bar in at least one state.

Nice To Haves

• Experience in support of private credit and direct lending capabilities.
• Experience in US and international regulations regarding investment advisers and investment 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.
• Strong judgment and professionalism in applying legal knowledge to business scenarios.
• Informal leadership experience.

Responsibilities

• Provide strategic legal advice and support for new product development, structuring, and private investment and fund offerings.
• Focus on private credit and direct lending investments.
• Support investment advisory services and related agreements in collaboration with global colleagues.
• Conduct legal research and consult with outside counsel.
• Draft legal documents and provide guidance to paralegal and support staff.

Benefits

• Flexible Time Off (FTO) for salaried employees.
• Pension eligible.
• Opportunity to participate in a bonus program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree