**What You'll Do** We are looking for a Portfolio Associate to join our team! This role is responsible for providing comprehensive operational support to the Corporate Private Placements team, including trading support, portfolio credit reporting tracking, client portfolio servicing, RFP responses, data aggregation and presentation, client reporting, portfolio valuation, ensuring timely execution of internal workflows and support and participation in all new client asset aggregation efforts. **Key responsibilities:** + Monitor portfolio holdings for financial reporting and covenant compliance tracking compliance + Ensure timely execution of internal trading workflows and coordinate with operational/accounting teams \ + Support coordination with client requests and ad hoc portfolio monitoring and reporting + Support inquiries from marketing, RFP, product, distribution, clients, and client reporting + Develop knowledge of financial markets, current events, laws and regulations, tax and accounting trends and implications and business operating trends + System implementations in coordination with current platform systems + Track and present data history of strategy for client reporting and new business 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! Principal Asset Management 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 a technical field (ie, finance, accounting, economics, statistics, engineering, data science, business analytics) + 1+ years' work experience + Experience in financial markets with exposure to fixed income, investment strategies, or portfolio management + Strong proficiency in Excel **Skills That Will Help You Stand Out** + Familiarity with credit analysis, debt instruments, and related financial products + Hands-on experience with Bloomberg, Charles River, or other debt trading platforms + Strong collaboration skills with the ability to build and maintain effective relationships across teams + Exceptional attention to detail, with proven ability to multi-task and prioritize in a fast-paced environment + Undergraduate GPA of 3.5 or above **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 (Non-Exempt expressed as hourly; Exempt expressed as yearly)** $89300 - $115000 / year **Salary Details** **Compensation** The base salary range for this role in Des Moines is **$89,300 – $115,000** . Final compensation will be determined based on skills, experience, and alignment with the role’s responsibilities. In addition to base pay, this role participates in an **annual profit share bonus plan** . **Time Off Program** 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. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided. **Pension Eligible** No **Location** This role will be based out of our World Headquarters located in Des Moines, IA. **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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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 (https://www.principal.com/about-us/careers) 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 accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline. **Original Posting Date** 2/5/2026 **Most Recently Posted Date** 2/5/2026