Job Description

What You'll Do:

We are looking to hire an Associate Private Credit Analyst to support our investment grade private credit investment strategy!  

Primarily, you will perform in depth, bottom-up fundamental research on an assigned coverage universe and make investment recommendations to the portfolio management team. You will  be responsible for the  initial development of company valuation models and underwriting memorandums and will have the opportunity to contribute to other  facets of the team’s investment process.  

Additional :  

• Evaluate private placement transactions, both investment and non-investment grade and including traditional private placements, infrastructure, structuring commitments, closing transactions,  managing and  monitoring existing investments  

• Build financial models with both historical performance and pro forma projections  

• Develop and  maintain relationships with sources of deal flow  

• Identify quality businesses with above average fundamentals long term investment horizon (typically 3-5 years) 

• Make long-term investment recommendations for multiple portfolios  

• Monitor existing investments within their assigned sector coverage  

• Work with Head of Private Credit by making buy or pass recommendations  

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

Who You Are:

Who You Are  

• Bachelor's degree in technical field ( i.e. finance, accounting, economics, statistics, engineering, data science, business analytics) 

• 2+ years’ experience in fixed income strategies in  credit analysis, investment banking, private credit, or  a related field  

• Strong  proficiency with Excel and financial modeling  

• Financial statement analysis and credit risk assessment experience  

Skills That Will Help You Stand Out  

• Experience in investment-grade lending , corporate credit  analysis , or private placements  

• Experience with the infrastructure sector  

• MBA or CFA (or progress towards) 

• Familiarity with credit analysis tools and databases such as S&P Capital IQ, Moody’s, or Bloomberg  

• Accounting experience  

• Demonstrated understanding of economics and investment theories  

• An understanding of debt structures, interest rates, and market conditions affecting investment-grade credit  

• Strong understanding of the private credit transaction process, including structuring, negotiation, and documentation  

• Ability to build and  maintain strong relationships with borrowers, sponsors, and external parties  

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: $123000 - $167000 / 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 Additional Information:

Location(s) 

The position will be based out of Des Moines, IA. You can check out what our Global Headquarters in Des Moines looks like here:

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 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. Date First Posted (TTF): 1/12/2026 Latest Post Date: Careers - US: 1/12/2026

LinkedIn Hashtag

: #LI-MT1

Job Tags

Permanent employment, Full time, Temporary work, Work experience placement, H1b, Work at office, Remote work, Flexible hours,

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