Overview
Analyst, Underwriter; Direct Lending Jobs in Des Moines, USA at Principal Financial Group
Position: Analyst, Underwriter (Direct Lending)
What You’ll Do
Principal Alternative Credit is the direct lending arm of Principal Asset Management, providing flexible financing solutions to sponsor-backed and non-sponsored middle‑market companies. Since launching in 2020, the platform has scaled rapidly, deploying capital across leveraged buyouts, refinancings, recapitalizations, and growth investments.
We’ll help you build a successful career through:
- Coaching and mentorship from senior team members committed to your long‑term development
- Ongoing training and opportunities to build new skills and take on increased responsibility
- Access to tools and resources that enable you to work efficiently and effectively
- Opportunities to expand your network through volunteering and targeted events
As an Analyst, you will:
- Conduct due diligence including company and industry research, financial analysis, and cash flow modeling to assess creditworthiness
- Support preparation of credit memos and present recommendations to the investment committee
- Partner with stakeholders including sponsors, management teams, bankers, and internal teams
- Monitor portfolio performance and compliance with credit agreements and internal policies
- Ensure portfolio data is accurate, timely, and complete for reporting purposes
- Collaborate with team members to support deal execution and ongoing business initiatives
Who You Are
- Bachelor’s degree in finance, accounting, economics, or a related field (minimum of 3.50 GPA)
- Ability to analyze financial statements, evaluate data, and formulate conclusions; familiarity with leveraged buyout modeling
- Proficient in Excel, Microsoft Word, and Power Point
Skills That Will Help You Stand Out
- Previous experience with Bloomberg preferred
- Knowledge of private credit/direct lending and fixed‑income strategies, including general knowledge of bond mechanics and pricing calculations is preferred
- Familiarity with database structures, big data techniques (Cassandra, Spark, Hadoop), and programming languages (Python, MATLAB, R) a plus
- Previous internship in finance preferred
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)
$89,300 – $152,400 / year
Salary Details
The following locations are examples of market‑specific salary ranges across the 3 locations:
- Des Moines
, IA: $89,300 – $120,650 / year - Chicago
, IL: $103,400 – $139,700 / year - New York
, NY: $112,800 – $152,400 / 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
Location(s)
We’re open to considering in‑office or hybrid talent. Locations for hybrid talent:
Chicago, Des Moines, or New York City. 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 immigration sponsorship 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 see the following links.
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.
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.
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Title: Analyst, Underwriter; Direct Lending
Company: Principal Financial Group
Location: Des Moines, USA
Category:
