Asset Management Analyst, Private Real Estate

Principal International; Des Moines, Northern (IA, KY); Hybrid; USD 73,000 - 90,000; Full time

Job summary

Principal Real Estate seeks an Asset Management Analyst to perform lease analysis, valuation and cash flow modeling, and development feasibility studies for client portfolios. You will help shape investment strategy and oversee related reporting while collaborating with senior managers and market contacts.

The role requires a finance-focused background and solid experience in financial modeling, with a willingness to travel to assigned markets periodically.

Qualifications

• Bachelor's degree in finance, mathematics, economics or business; real estate preferred.
• Financial modeling experience using Excel, Argus or Power BI.

Responsibilities

• Perform lease analysis, valuation modeling, cash flow analysis, and development feasibility analysis.
• Support private equity asset management services for client portfolios.
• Develop budgets and business plans; assist with investment underwriting.
• Participate in quarterly portfolio management reporting.
• Build a solid foundation of commercial real estate knowledge while working autonomously within a team.

Skills

Financial modeling

Analytical skills

Communication

Education

Bachelor's degree

Tools

Excel

Argus

Power BI

Job description

What You'll Do

We're looking for an Asset Management Analyst to join our Principal Real Estate team. In this role, you'll perform lease analysis, valuation modeling, cash flow analysis, development feasibility analysis, and reporting while supporting private equity asset management services for client portfolios.

The Asset Management Group is involved throughout the investment life cycle, including ground-up development or redevelopment, acquisitions and dispositions, and oversight of property management and leasing. Asset managers help develop the investment strategy and tactical plan for each property and are primarily responsible for execution.

• Work closely with Senior Asset Managers and local market contacts, including property managers, leasing agents, and capital markets/transaction brokers, to develop budgets and business plans and assist with investment underwriting.

• Participate in the quarterly portfolio management reporting process.

• Assist with investment management and investment production for assigned properties, including core, value-add, and development activities.
• Build a solid foundation of commercial real estate knowledge while working autonomously within a team environment and demonstrating initiative.

Firm Overview

• Principal Real Estate (PrinRE) is the dedicated real estate investment group within Principal Asset Management, a subsidiary of Principal Financial Group (Nasdaq: PFG). Learn more at PrincipalAM.com.
• With more than 65 years of real estate investment management experience, PrinRE serves more than 730 clients across 32 countries.
• As a top-10 global real estate investment manager, PrinRE has 485 employees across 12 countries and offers specialized capabilities across public equity, private equity, public debt, and private debt. Its collaborative culture has been recognized by Pension & Investments as a Best Place to Work in Money Management for 14 consecutive years.

Who You Are

• Bachelor's degree, with evidence of a strong background in finance, mathematics, economics or business, real estate preferred
• Financial modeling experience that would include Excel, Argus, and/or Power BI

Skills That Will Help You Stand Out

• Real estate experience through a co-op, a full-time role, or an internship.
• Effective verbal and written communication, negotiation, and listening skills.
• Strong organizational skills with a demonstrated ability to meet deadlines.
• Ability to work in a fast-paced, team environment with limited supervision.
• Strong analytical skills and attention to technical detail, including the ability to read, interpret, and understand contracts and other legal documents.

Will travel to assigned markets approximately three to four times per year to learn the markets, meet with partners and third‑party property managers, and inspect managed properties.

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)

$73150 - $90000 / year

Salary Details

In addition to base pay, this role participates in an annual profit share bonus plan.

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

This role will be based out of our World Headquarters located in Des Moines, IA. You can check out what our Global Headquarters looks like here:

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

9/29/2026

Most Recently Posted Date

9/30/2026

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