Principal Financial Group
Managing Director, Asset Management - Private Equity Real Estate (Western US)
Principal Financial Group, Des Moines, Iowa, United States, 50319
Overview
We’re looking for a Managing Director, Asset Management to join our Private Equity Real Estate team. In this role, you will be covering a portfolio of assets located in Northern California in production and management of investments. Responsibilities
Direct market development, redevelopment, and investment activities aligned with client goals and returns Set and achieve property leasing goals through broker management and tenant negotiations. Analyze market conditions, tenant credit, and investment profitability Source and structure ground-up development joint ventures, including oversight of documentation and partner relationships Manage portfolio performance against market benchmarks and client expectations Lead regional engineering and development teams while overseeing external partnerships Support capital raising efforts through presentations to clients and consultants Develop and maintain relationships with industry partners to source investment opportunities Meet client reporting deadlines with accuracy Who You Are
Bachelor\'s degree with evidence of a strong background in finance, mathematics, economics, or business. A degree in real estate and/or an MBA is preferred 10+ years commercial real estate experience with a track record of success with previous asset management/development assignments Experience with multiple product types such as retail, multi-family, office and industrial Skills That Will Help You Stand Out
Experience managing a private equity portfolio Demonstrated leadership experience (to lead service providers) Strong oral/written communication skills, negotiation and presentation skills Independent decision-making ability on complex issues Proven diplomatic and problem-solving capabilities Excellence in organization and deadline management Strong analytical skills and legal document interpretation Additional Information
Must be able to travel to markets within assigned regions up to 30% of time, or as required. 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): $174000 - $236000 / year 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. Location: The preferred location is Des Moines, IA with remote options. Other asset management offices include Chicago, Denver, and Seattle. Ability to work in-office or with a hybrid schedule is available. Work Authorization: At this time, we’re not considering applicants that need immigration sponsorship now or in the future to work in the United States. Investment Code of Ethics applies to Principal Asset Management positions and may 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. Location
The highly preferred location would be based out of our World Headquarters located in Des Moines, IA. We will also consider remote employees. Additional Asset Management offices include Chicago, Denver, and Seattle in the Midwest and West.
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We’re looking for a Managing Director, Asset Management to join our Private Equity Real Estate team. In this role, you will be covering a portfolio of assets located in Northern California in production and management of investments. Responsibilities
Direct market development, redevelopment, and investment activities aligned with client goals and returns Set and achieve property leasing goals through broker management and tenant negotiations. Analyze market conditions, tenant credit, and investment profitability Source and structure ground-up development joint ventures, including oversight of documentation and partner relationships Manage portfolio performance against market benchmarks and client expectations Lead regional engineering and development teams while overseeing external partnerships Support capital raising efforts through presentations to clients and consultants Develop and maintain relationships with industry partners to source investment opportunities Meet client reporting deadlines with accuracy Who You Are
Bachelor\'s degree with evidence of a strong background in finance, mathematics, economics, or business. A degree in real estate and/or an MBA is preferred 10+ years commercial real estate experience with a track record of success with previous asset management/development assignments Experience with multiple product types such as retail, multi-family, office and industrial Skills That Will Help You Stand Out
Experience managing a private equity portfolio Demonstrated leadership experience (to lead service providers) Strong oral/written communication skills, negotiation and presentation skills Independent decision-making ability on complex issues Proven diplomatic and problem-solving capabilities Excellence in organization and deadline management Strong analytical skills and legal document interpretation Additional Information
Must be able to travel to markets within assigned regions up to 30% of time, or as required. 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): $174000 - $236000 / year 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. Location: The preferred location is Des Moines, IA with remote options. Other asset management offices include Chicago, Denver, and Seattle. Ability to work in-office or with a hybrid schedule is available. Work Authorization: At this time, we’re not considering applicants that need immigration sponsorship now or in the future to work in the United States. Investment Code of Ethics applies to Principal Asset Management positions and may 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. Location
The highly preferred location would be based out of our World Headquarters located in Des Moines, IA. We will also consider remote employees. Additional Asset Management offices include Chicago, Denver, and Seattle in the Midwest and West.
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