What You'll Do We’re looking for a Portfolio Manager to join our Stable Value Team at Principal Morley. In this role, you’ll actively participate in the management of the investment strategy, and portfolio construction of our stable value portfolios. Manage stable value portfolios, including asset allocation, cash flow analysis, and liquidity planning. Partner with the team to implement the optimal mix of wrap providers and subadvisors Support Sales and Service teams through client presentations, RFP/RFI responses, and thought leadership that leverages stable value and fixed income expertise Stay current on the stable value industry, fixed income markets, and broader economic trends—and provide insights that inform portfolio strategy Assist in managing wrap issuer relationships, including contract reviews and guideline negotiations Co-manage daily investment activities for medium-sized or complex stable value accounts, ensuring performance, risk, diversification, and liquidity align with client objectives and policy guidelines Represent Principal Morley in client meetings, due diligence sessions, and finals presentations; articulate investment capabilities and contribute to product development and competitive positioning Monitor market and industry developments to identify opportunities, risks, and emerging themes; cultivate external relationships to enhance market intelligence Contribute to team development by coaching, mentoring, and fostering a collaborative, high-performance environment 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 14 consecutive years! Check us out at www.principalam.com! Who You Are Bachelor's or Master's degree in business, finance, economics or another technical field 5+ experience with stable value strategies and/or experience in a trading, research, portfolio specialist or portfolio management capacity Strong knowledge of global economies and investment theories, fixed income investments, and related regulatory requirements Skills That Will Help You Stand Out Stable Value portfolio management and structuring experience Book Value contract analysis and negotiation experience MBA and/or CFA designation Must be able to build and maintain strong relationships and negotiate Strong decision making, and communication (verbal and written) skills Must be self-motivated, client-driven, competitive, results oriented and have excellent planning, delegation, and time management skills Must have a keen sense of curiosity and open-minded thought process 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) $157000 - $285000 / year 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(s) The preferred location is Portland, OR where the Morley team sits. We are also open to the other Principal Asset Management locations which include Des Moines, Denver, Chicago, or New York City. You can check out what our Global Headquarters in Des Moines looks like here: Job Level We’ll consider talent at the next level with the right experiences and skills. The next level up would require at least seven years of experience. The base pay range shown includes both levels. The hiring team will decide the level, based on prior experience. 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 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 1/21/2026 Most Recently Posted Date 1/22/2026