High Yield Analyst

1 month ago

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

What You'll Do

We're looking for a High Yield Analyst to join Principal Global Fixed Income. In this role, you'll conduct high yield and leveraged loan research and analysis on assigned companies/industries, develop financial models, and provide research insights and detail buy, sell and hold recommendations to support portfolio managers in making informed investment decisions

  • Independently conduct fundamental research. Analyze and explain economic, competitive, sector and political drivers that impact a borrower's ability to repay it's debt. Maintain credit rating, develop well-researched short and long-term outlook and relative value assessments of all current holdings. Ensure information is current and portfolio managers are proactively informed of significant developments
  • Provide responses to inquires from marketing, RFP, product management, distribution and clients
  • Maintain broad knowledge of financial markets, current events, and global/U.S. economies and analyze their impact on portfolios. Monitor industry and competitive environment through research of market intelligence and insights to proactively identify new opportunities, trends, emerging issues or threats. Proactively develop and foster relationships with industry contacts (e.g. Wall Street analysts) to ensure constant flow of information

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 offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at

Who You Are

  • Bachelor's degree in a technical field (ie finance, accounting, economics, statistics, engineering, data science, business analytics), and a minimum two years' work experience with fixed income strategies (high yield and leveraged loan preferred) in a trading, research, portfolio management or strategy capacity
  • Solid understanding of financial accounting and economic theory, global financial markets and fixed income products
  • Proficiency with Excel and Bloomberg

Skills That Will Help You Stand Out

  • MBA degree, CFA designation, or progress towards MBA and CFA
  • Familiarity with database structures, big data techniques, and programming languages (ie Python, MATLAB, R, B Quant, Power BI, VBA)
  • Requires the ability to efficiently and effectively research, compile and analyze information, apply reasoning and exhibit sound decision making related to credit, risk and valuation
  • Excellent abilities in time management, analytics, and financial modeling
  • Ability to effectively and professionally communicate with internal and external contacts and make decisions quickly and effectively in a highly competitive environment with incomplete information is critical

This position may be subject to SEC restrictions on personal political contributions.

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 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)

This role will be based out of our World Headquarters located in Des Moines, IA.

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.

Date First Posted (TTF)

6/10/2024

Latest Post Date: Careers - US

6/10/2024

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