Address
Form of workWhat You'll Do
We're looking for an Investment Director - Asset Management to join our Principal Real Estate team. In this role, you'll be responsible for overseeing a United States geographical region focused solely on industrial logistics investments for a large Public Pension Fund client team on an existing portfolio!
The Separate Account team includes dedicated Asset Management and Portfolio Management staff who cover all major markets in the United States as well as Europe and Canada. The Account is production oriented with a heavy focus on industrial development with joint venture partners. The role specifically entails the following:
Principal Asset Management, a subsidiary of Principal Financial group, offers global Asset Management expertise across a diverse set of traditional and alternative asset classes. Check us out at www.principalam.com!
Who You Are
Must be able to travel 20-25% to markets, meet with owners, developers, brokers and other market participants and inspect properties.
This position may be subject to SEC restrictions on personal political contributions.
Salary Range Information
Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range
$153000 - $207000 / year
Additional Information
Location
The position is based out of our global headquarters in Des Moines, IA.
Work Environments
This role offers the ability for in-office or four days in-office and one day remote. 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 be accepting applications for at least 3 days from when the job was originally posted, after which we may keep open or remove the posting based upon applications we receive. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond 3 days of the original posting date.
Date First Posted (TTF)
11/28/2023
We're looking for an Investment Director - Asset Management to join our Principal Real Estate team. In this role, you'll be responsible for overseeing a United States geographical region focused solely on industrial logistics investments for a large Public Pension Fund client team on an existing portfolio!
The Separate Account team includes dedicated Asset Management and Portfolio Management staff who cover all major markets in the United States as well as Europe and Canada. The Account is production oriented with a heavy focus on industrial development with joint venture partners. The role specifically entails the following:
- Joint Venture partner relationship management, especially with local development partners.
- Communicate to our client the attributes of each investment owned and market dynamics.
- Review and present recommendations on new prospective industrial development, core and value-add acquisition transactions within appropriate risk/return parameters to the dedicated Portfolio Management Team, our client, and the internal Principal Real Estate Investment Committee.
- Conduct due diligence, financial analysis, and prepare investment memoranda supporting new investments and dispositions.
- Develop and maintain key relationships in the assigned markets with property managers, leasing agents, and investment sales brokers.
- Understand and negotiate Joint Venture Operating Agreements, Development Management Agreements, Property Management Agreements, and Leasing Agreements.
- Create annual asset business plans and budgets.
- Indirect management and development of an assigned analyst.
Principal Asset Management, a subsidiary of Principal Financial group, offers global Asset Management expertise across a diverse set of traditional and alternative asset classes. Check us out at www.principalam.com!
Who You Are
- Bachelor's degree in finance, economics, business or related field required; Real Estate emphasis preferred.
- Minimum of 8 years experience in commercial Real Estate philosophies, policies, strategies and procedures (15+ years preferred) with at least five years' experience dealing with complex Real Estate transactions.
- Knowledge of property valuation applications (Argus experience) and understanding of discounted cash flow analysis and land residual analysis.
- Previous experience working the Northeast US markets and/or Texas markets.
- MBA.
- Creative skills demonstrating technical expertise, critical thinking, effective marketing and timely investment decisions.
- Strong analytical, organizational, project management, interpersonal, presentation, listening, negotiation and communication skills (oral and written).
- Experience reading, interpreting and understanding contracts and other legal documents.
- Notable existing market contacts within the Industrial Real Estate industry.
- Prior experience running effective meetings, displaying strong leadership and mentoring skills, and professionally and effectively interacting with others.
Must be able to travel 20-25% to markets, meet with owners, developers, brokers and other market participants and inspect properties.
This position may be subject to SEC restrictions on personal political contributions.
Salary Range Information
Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range
$153000 - $207000 / year
Additional Information
Location
The position is based out of our global headquarters in Des Moines, IA.
Work Environments
This role offers the ability for in-office or four days in-office and one day remote. 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 be accepting applications for at least 3 days from when the job was originally posted, after which we may keep open or remove the posting based upon applications we receive. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond 3 days of the original posting date.
Date First Posted (TTF)
11/28/2023
