Director | Managing Director, Non-Sponsored Originations

1 week ago


Des Moines, Iowa, United States Principal Financial Group Full time

What You'll Do

As the Director | Managing Director, Non-Sponsored Origination, you'll report into the Head of Principal Alternative Credit Direct Lending.

Your primary responsibility will be to help build the senior debt origination capabilities within the broader Principal platform, while also seeking to originate second lien and mezzanine debt.

This position will focus on origination away from the PE Sponsor channel, encompassing direct company origination as well as non-traditional sponsor origination.

Key Responsibilities:
  • Support the group's effort in developing and managing relationships with potential borrowers, non-traditional sponsors, and other origination partners within the direct lending community.
Your responsibilities will include:
  • Originate investment opportunities based on strategic fit and financial return.
  • Develop and leverage relationships with prospective business owners, investment bankers, advisors, and industry participants.
  • Develop lending relationships with clients and collaborate across the organization.
  • Develop and manage a direct origination focused senior debt effort across geographic regions aligned with investment strategies.
  • Maintain a deep understanding of relationships by monitoring key activities.
  • Lead and coordinate the screening, underwriting, approval, and closing processes.
  • Evaluate investment opportunities and provide recommendations.
  • Support marketing efforts and attend industry events.
  • Help attract, develop, and retain talent.

Who You Are

  • We're seeking a professional with a Bachelor's Degree.

Preferably an MBA or CFA with extensive middle market credit and originations experience.

  • We are looking for someone with proven leadership skills specific to the credit and loan origination market.
  • Must have deep relationships resulting in a history of diverse financing transactions.
  • Preference for direct origination experience in Non-Sponsored transactions.
  • Comprehensive knowledge of market pricing and terms is required.
  • Experience in managing transaction teams and leading from origination to closing.

Ability to balance a calm, steady approach with a passion for competition.

Must handle conflict and disagreement professionally.

Travel required up to 50% domestically.

Salary Range Information

Salary ranges from $275,000 / year.

Time Off Program

Flexible Time Off provided for salaried employees.

Pension Eligible

Location(s)

Consideration for hybrid and remote work in Chicago, Des Moines, or New York City.

Work Authorization/Sponsorship

Not considering candidates needing immigration sponsorship.

For additional information, check the website.

Code of Ethics

Must follow an Investment Code of Ethics.

Experience Principal

Explore our core values and benefits.

Principal is an Equal Opportunity Employer.

Posting Window

Accepting applications for 3 days following the Posting Date.

If reposted, additional applications accepted for at least 1 day following the Post Date.

Please submit applications promptly.



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