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Assistant Financial Director, Private Asset Valuation

3 months ago


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

What You'll Do:

Were looking for an Assistant Financial Director to join our Principal Asset Management. Youll lead the centralized valuation process that is responsible for private asset valuations across balance sheet and 3rd party accounts. Specific private asset classes include commercial mortgages, private placements, middle-market direct lending, private equity and other alternative investments. Were seeking a team-oriented leader with strong knowledge of valuation methodologies to lead the team and help implement and enhance the valuation tools and methodologies employed.

Youll have the opportunity to:
  • Build out a center of excellence for valuation of complex assets
  • Be a key member on the assessment of valuation tools and help drive implementation of technology solutions for entire valuation process
  • Manage the valuation process on market data inputs to the valuation models and techniques (yield curve, volatility surfaces, credit curves, liquidity assumptions, etc.)
  • Manage process to ensure compliance with valuation policies
  • Perform model validation on new asset classes and unique assets in coordination with IT, risk and investment professionals
  • Deliver monthly and quarterly valuation models and portfolio analytics for private asset classes in a strong control framework
  • Manage and coordinate communications with third party valuation service providers and auditors throughout the valuation process
  • Partner closely with investment professional management and analysts, 3rd party vendors, investment risk, accounting, and IT

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

Who You Are:
  • Strong management and organizational skills including the ability to select, train, coach, develop and motivate others to expand capabilities and capacity of the valuation team
  • Skilled in collaborating with a variety of partners, including outside consultants and vendors, with ability to influence others without formal authority
  • Strong skills in communicating with all levels of the organization and easily translating complex topics for others to understand
  • Demonstrates the ability to embrace and understand the change process, and effectively guides others through change
Skills That Will Help You Stand Out
  • Bachelor's degree or equivalent in business, finance, math, or actuarial science
  • 8 years of relevant experience
  • CFA designation strongly preferred
  • Finance background with knowledge of investment products, specifically in private equity and debt
  • Knowledge of valuation methodologies and strong excel capabilities
  • Intellectual curiosity, healthy skepticism and initiative
  • Ability to thrive in a high-energy, time sensitive team environment with multiple priorities
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:
$ $167000 / 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 dont accrue a bank of time off under FTO and there is no set number of days provided.

Pension Eligible:
Yes

Additional Information:
Work Environments

This role offers an in-office and hybrid (blending at least three office days in a typical workweek) work arrangement in Des Moines, IA.

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, youll 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, were 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.

Date First Posted (TTF):
5/23/2024

Latest Post Date: Careers - US:
5/23/2024

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