Fixed Income Corporate Credit Analyst

What You'll Do

We’re looking for an experienced fixed income corporate credit analyst to join our Investment Grade team. In this role, you’ll most likely cover Food & Beverage, Health Insurance, Healthcare, Healthcare REITs, and Pharmaceuticals.

Conduct independent fundamental research and analysis on assigned companies/sectors, develop financial models, and provide investment recommendations, credit ratings and outlooks

• Analysis includes economic and competitive analysis, financial modeling, and relative value assessment
• Respond to inquiries from various stakeholders and represent research function in client meetings
• Monitor financial markets, current events, and economic trends to identify opportunities and risks
• Build and maintain industry relationships to ensure consistent information flow
• Assist with staff development through coaching, mentoring, and training team members

About Principal Asset Management

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $580 billion in assets ($35 billion in Investment Grade AUM!) and over 60 years of experience. Principal Asset Management has been recognized as a “Best Places to Work in Money Management” for 14 consecutive years! Check us out at www.principalam.com!

Who You Are

• Bachelor's degree in a technical field (i.e., finance, accounting, economics, statistics, engineering, data science, sciences (with an investment background), business analytics
• 4+ years' work experience with corporate fixed income strategies in trading, research, portfolio management or strategy capacity
• Proficiency with Excel and Bloomberg
• Strong understanding of financial accounting and economic theory, global financial markets and fixed income products
• Demonstrated ability to efficiently and effectively research, compile and analyze information, apply reasoning and exhibit sound decision making related to credit, risk and valuation

Skills That Will Help You Stand Out

• Credit experience including previous experience analyzing Investment Grade credits
• Experience covering Food & Beverage, Health Insurance, Healthcare, Healthcare REITs, and/or Pharmaceuticals
• MBA and CFA designation
• Strong abilities in the areas of communication (verbal and written), time management, analytics, financial modeling, and influencing
• Must be collaborative, able to build strong relationships, manage expectations, attend to details, multi-task and prioritize successfully
• Keen sense of curiosity and open-minded thought process
• Familiarity with programming languages (i.e. Python, Visual Basic, and BQL) and advanced uses of Generative AI

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)

$141000 - $191000 / year

Salary Details

Compensation

The base salary range for this role is $141,000 – $191,000 as indicated above. Final compensation will be determined based on skills, experience, and alignment with the role’s responsibilities.

In addition to base pay, this role participates in an annual profit share bonus plan. Note your base expectations when answering the application questions.

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 options are Des Moines, IA (highly preferred) or Seattle, WA. You can check out what our Global Headquarters in Des Moines looks like here:

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

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