Senior Private Credit Analyst - Investment Grade

Senior Private Credit Analyst - Investment Grade

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We are looking to hire a Senior 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.

• 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
• Develop and maintain relationships with sources of deal flow
• Identify quality businesses with above average fundamentals for a long‑term investment horizon (typically 3‑5 years)
• Make long‑term investment recommendations for multiple portfolios
• Monitor existing investments within the assigned sector coverage
• Work with the Head of Private Credit by making buy or pass recommendations
• Assist with the development of less experienced team members

• Bachelor's degree in a technical field (e.g., finance, accounting, economics, statistics, engineering, data science, business analytics)
• 5+ years’ experience in fixed‑income strategies in trading, research, portfolio management, or strategy capacity
• Investment Grade Private Credit/Private Placements underwriting experience
• Proficiency with Excel and Bloomberg

• Experience with in the infrastructure sector
• MBA or CFA preferred
• Exceptional financial statement analysis and accounting knowledge, with a demonstrated understanding of economics and investment theories
• Strong understanding of financial accounting and economic theory, applicable laws and regulations (including international), tax and accounting trends, and implications; business operating trends and capital market conditions
• Demonstrated ability to efficiently and effectively research, compile and analyze information, apply reasoning and exhibit sound decision‑making related to credit, risk and valuation
• Strong communication (verbal and written), time‑management, analytics, financial modeling, and influencing skills
• Keen sense of curiosity and an open‑minded thought process

$157,000 – $213,000 / year

Flexible Time Off (FTO) is provided to salaried (exempt) employees. It allows employees to take time away from the office with pay for vacation, personal, or short‑term illness. FTO does not accrue a bank of time off, and there is no set number of days provided.

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We’re open to Des Moines, IA (preferred), Chicago, or New York City. You can view our Global Headquarters in Des Moines here.

This role offers the ability for in‑office or four days in‑office and one day remote. You’ll work with your leader to determine which option may align best based on several factors.

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 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.

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. We support our employees the same way we support our customers: with comprehensive, competitive benefit offerings…