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Principal Life Insurance Company Analyst, Underwriter (Direct Lending) in New York, New York

Analyst, Underwriter (Direct Lending)

Job Locations

US-NY-New York | US-IL-Chicago | US-IA-Des Moines

Job \#
2022-34017

Category
Investments

Ent Seg
PGI

Bus Area
PGI Fixed Income

Pos Typ
Regular Full-Time

Remote
No

FLSA
Exempt

Responsibilities

Our Middle Market Direct Lending platform launched last summer, and we continue to grow. We're looking for others excited to be part of something new. You'll gain a ton of hands-on experience by being involved in a variety of deals and be part of meaningful work!

As an Analyst, you'll assist in the due diligence, credit underwriting, execution, and portfolio monitoring of private debt investments.

Areas of focus include, but not limited to:
Evaluate new leveraged buyout transactions and investment opportunities, attend management presentations, review deal terms and credit agreements.
Aid in the development of detailed financial models and sensitivity analyses of borrowers and provide analytical support for investment committee materials.
Work with assigned Underwriter and/or Sr. Underwriter on all transactions.
Provide responses to inquiries from back office, origination, and marketing. Actively monitor portfolio company performance and report concerns related to underwriter/senior underwriter.
Participate in key areas of due diligence, including business and quantitative analysis as well as industry and competitive research.

Qualifications

We're looking for someone with:
Bachelor's degree in a technical field (i.e. finance, accounting, economics, statistics, engineering, data science, business analytics).
Experience or internship(s) in investment banking, leveraged finance, private debt and/or related transactional experience is preferred.
Ability to construct financial models such as three statement financial models and leveraged buyout models.
Highly motivated and intellectually curious and open-minded individuals.
Strong financial modeling, valuation and accounting skills.
Collaborative, able to build and maintain strong relationships, manage expectations, attend to details, multi-task and prioritize effectively.
Preferred skills:
Undergraduate GPA of 3.5 or above and progress towards CFA.
Knowledge of financial markets and fixed income strategies.
General knowledge of bond mechanics and pricing calculations.
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

$81700 - $142800 / year

Additional Information

Location
We're open to considering talent in the Chicago, Des Moines and New York area.
Work Authorization/Sponsorship
At this time, we're not considering candidates 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.
https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers and https://www.uscis.gov/green-card/green-card-eligibility/green-card-for-employment-based-immigrants
Investment Code of Ethics
For Principal Global Investors 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
While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees - individually and all of us together. Explore our core values, benefits and why we're an exceptional place to grow your career.
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.

The Principal is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.

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