What are the responsibilities and job description for the Portfolio Management Assistant - Fixed Income (two positions) position at Principal Financial Group?
What You'll Do
We're looking for two Portfolio Management Assistants to join Principal Global Fixed Income. In these roles, you'll provide financial and operational support to portfolio management, research and trading teams to aid in the management of either the General Account or the Agency Mortgage Backed Securities teams!
- Monitor daily market developments and portfolio compliance, conduct research and analysis, run and analyze statistical reports, and complete special projects.
- Analyze portfolio performance, analytics, and attribution by applying tools such as Aladdin, Bloomberg, quantitative techniques, and knowledge of investments and financial markets.
- Partner with portfolio management to establish and implement investment strategy across client portfolios using Portfolio Management Tool (PMT) to develop specific portfolio buy / sell trades to affect the exposure rebalancing.
- Respond to basic inquires and requests for information (i.e. performance and analytic reports) about investment strategies from marketing, RFP, product management, distribution, consultants and clients.
- Collaborate with portfolio managers, the research team, the client service team, compliance and senior management to create performance and attribution and other analytical reports to present to both internal and external clients.
Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!
Principal Asset Management offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at www.principalam.com!
Who You Are
Skills That Will Help You Stand Out
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)
71250 - $95960 / 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
Additional Information
This role will be based out of our World Headquarters located in Des Moines, IA.
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.
Original Posting Date
2 / 24 / 2025
Most Recently Posted Date
2 / 24 / 2025
Salary : $71,250 - $95,960
