Principal Underwriting Analyst - Direct Lending (Targeting Summer of 2022) in New York, New York
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 Underwriting Analyst or Associate Underwriter, 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.
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 internships 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.
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.
We’re targeting Summer of 2022.
We’re open to considering talent in the Chicago, Des Moines and New York area.
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.
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.
Requisition ID: 2021-31244
Enterprise Segment: PGI
Business Area: PGI Fixed Income
External Company Name: Principal Financial Group
Street: 888 7th Ave; 25th Flr
FLSA Status: Exempt