Product Specialist - Alternative Investments

New York, NY, United States

What You'll Do

In this newly established Global Wealth Alternatives team, the Product Specialist - Alternative Investments will work closely with Senior Managing Director, Head of Global Wealth Alternatives! The team is responsible for establishing and leading efforts related to market research, product development, vehicle launch, marketing, and working with global distribution to drive growth in AUM from the retail, High Net Worth (HNW) and affluent investor sector through intermediaries.

Serve as a technical expert to the distribution team members through collaboration, including traveling to drive AUM growth and client service.

Establish and maintain relationships with external service providers and partners to assist in packaging, distributing, and servicing Principal’s offerings.

Collaborate with others in the research, design, development, validation, and execution of strategies linked to introducing Principal Asset Management’s differentiated private investment capabilities.

Creation and evaluation of strategic products and initiatives including financial modeling and risk factoring.

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, a subsidiary of Principal Financial group, 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

University degree with evidence of a strong background in finance, mathematics, economics, and business. An MBA is preferred

5 + years of institutional and private capital markets experience, with a history of success in the formation of investment vehicles and capital raises from the retail, HNW and/or institutional sector globally

Experience in corporate investing strategies including real estate

Experience in Alternative investment product structures attractive to private wealth channels globally

Skills That Will Help You Stand Out

Strong oral and written communication skills

Demonstrated strong troubleshooting skills

Travel required on a domestic and global basis

FINRA licensing, including the SIE or equivalent, series 7 and 63 (or 66) are required within 6 months of employment.

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)

$153000 - $207000 / 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

Additional Information

Location(s)

Locations include Des Moines, New York City, Chicago as preferred locations. Seattle and Charlotte will also be considered.

Work Environments

This role offers the ability for in-office or hybrid (blending both office and remote work in a typical workweek) work arrangements. 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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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 (https://www.principal.com/about-us/careers) 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

6/26/2024

Most Recently Posted Date

6/26/2024