Equity Analyst, Financials

Principal Financial Group; New York, Denver, Seattle, Des Moines (NY, CO, WA, IA); On-site; USD 141,000 - 243,000; Full time

Job summary

Principal Asset Management’s Global Equity team seeks a seasoned U.S. small- and mid-cap Financials Equity Analyst to join a collaborative research group.

You will generate alpha via proprietary analysis, interact with company management and industry experts, and support stock selection within our disciplined research process. You will build rigorous financial models, incorporate macro trends, and prepare timely insights through written reports, models, and presentations for investment

Qualifications

• 5+ years equity investment experience in financials, preferably buyside.
• U.S. small- and mid-cap financials sector research and investment experience.
• Experience across multiple financial sub-sectors such as banks, P&C, life insurance, asset/alternative managers, and diversified financials.
• Proven track record of generating alpha through actively covered investment ideas.

Responsibilities

• Generate alpha through investment ideas based on proprietary analysis of US small-/mid-cap financials.
• Interact with management, industry experts, and stakeholders to gather differentiated insights.
• Partner with team lead, analysts, and PMs to drive outperformance within research framework.
• Build and maintain detailed financial models to forecast performance and assess valuation.
• Communicate insights through reports, models, presentations, and investment committee discussions.
• Maintain research coverage of existing financials investments across portfolios.

Skills

Equity research

Financial modeling

AI-enabled research

Portfolio interaction

Education

MBA or CFA designation

Tools

AI tools

Job description

What You’ll Do

Principal’s Global Equity team is searching for an experienced U.S. small- and mid-cap Financials Equity Analyst to join our research team! This candidate will work with a diverse team of portfolio managers and dedicated sector analysts to deliver proprietary research and investment recommendations.

• Generate alpha through investment recommendations based upon in-depth, detailed proprietary analysis of industrial companies, with a specific focus on small- and mid-cap (market capitalization under $20 billion) financial sector companies in the U.S.
• Interact frequently with company management, industry experts, and other stakeholders to gather differentiated and high-conviction qualitative and quantitative insights
• Partner closely with financial sector team lead, analysts, and portfolio managers to drive outperformance through stock selection while working within the framework of our research process and portfolio constraints
• Build and maintain detailed financial models to forecast company performance and assess security valuation, incorporating macroeconomic and industry-specific factors
• Generate timely, actionable investment ideas and communicate insights through written reports, models, presentations, and investment committee discussions
• Maintain research coverage of existing investments within financials for multiple portfolios

Who You Are

• 5+ years equity investment experience in financials, preferably with at least 2 years on the buyside
• U.S. small- and mid-cap financials sector research and investment experience
• Experience across multiple financial sub-sectors, such as banks, P&C and/or life insurance, asset/alternative managers, and diversified financials.
• Proven track record of generating consistent alpha through actively covered investment recommendations
• Demonstrated ability to leverage AI-enabled research tools (including agentic AI and coworking tools) to enhance idea generation, due diligence, analysis, and investment decision-making.
• Ability to distill and communicate industry data and trends into actionable investment insights

Skills That Will Help You Stand Out

• MBA or CFA designation highly preferred
• Possess best-in-class analytical skills, including extensive knowledge of the financials sector, fundamental company analysis, and financial modeling
• Highly intellectually curious, with a clear passion for investing and public markets
• Entrepreneurial mindset; self-starter with a desire to build out an individual franchise within Financials-dedicated team
• Exceptional written and verbal communication skills
• Willingness to travel for company visits, conferences, and research

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 - $243000 / year

Salary Details

We are willing to hire at various levels based on years of relevant experience. The base salary range of $141,000 - $243,000 reflects market-specific compensation for this position across multiple job levels. Candidates will be evaluated to determine the appropriate job level based on their skills and experience.In addition to the base pay, you are also eligible for an annual bonus based off performance.

Base pay estimated ranges for the various Analyst levels are:

• 5+ years experience: $141,000-$191,0000
• 8+ years experience: $179,000 - $243,000

The hiring team will decide based upon your experience, what level of Analyst you would be hired into.

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)

Background

Principal Asset Management includes a market-leading, long-only focused equities platform with $161 billion AUM. Principal offers global asset management expertise across a diverse set of traditional and alternative asset classes totaling over $752.7 billion AUM. Learn more at: www.principalam.com

Consistent across all strategies, our approach is to evaluate and select stocks from a broad investment universe and construct portfolios in alignment with specific objectives and risk management parameters. Our conviction is built on differentiated fundamental insights we gather from conducting deep, company-specific research.

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

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

9/22/2026

Most Recently Posted Date

9/24/2026

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