What You'll Do
We're looking for an Analyst to join Principal Global Fixed Income High Yield team. In this role, you'll conduct high yield and leveraged loan research and analysis on assigned companies/industries, develop financial models, while providing research insights with detailed buy, sell and hold recommendations to support portfolio managers in making informed investment decisions!
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Independently perform fundamental credit analysis, assessing economic, competitive, sector, and political drivers of credit risk; maintain credit ratings, outlooks, and relative value assessments, and proactively communicate material developments to senior analysts and portfolio managers.
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Provide ongoing credit monitoring and reporting, including reviewing ongoing performance of companies under coverage including written and verbal updates. tracking covenant trends, escalating concerns related to deteriorating credit quality, and responding to basic inquiries from internal partners and clients.
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Build market and sector expertise by analyzing macroeconomic trends, industry dynamics, and competitive developments, identifying emerging risks and opportunities, contributing insights to portfolio managers and senior leadership, and maintaining relationships with external industry contacts.
Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $580 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a "Best Places to Work in Money Management" for 14 consecutive years! Check us out at www.principalam.com!
Who You Are
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Bachelor's degree in a technical field (ie finance, accounting, economics, statistics, engineering, data science, business analytics)
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At least one (two preferred) years' investment experience with an emphasis on research
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Solid understanding of financial accounting and economic theory, global financial markets and fixed income products
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Proficiency with Excel
Skills That Will Help You Stand Out
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High yield and leveraged loan experience is preferred. Relevant experience in other fixed income asset classes is also helpful
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Experience with Bloomberg
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Progress towards CFA
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Applied use of AI tools in credit research and analysis
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Familiarity with database structures, big data techniques, and programming languages
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Strong analytical judgment related to credit risk and valuation
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Financial modeling experience related to corporate credit analysis
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)
$110200 - $148200 / year
Salary Details
The base salary range for this role is $110,200 -- $148,200 as indicated above. Final compensation will be determined based on skills, experience, and alignment with the role's responsibilities.
In addition to base pay, this role participates in an annual profit share bonus plan. Note your base expectations when answering the application questions.
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)
This role will be based out of our World Headquarters located in Des Moines, IA. You can check out our home office here:
Work Environments
This role offers the ability for in-office or four days in-office and one day remote.
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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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 (https://www.principal.com/about-us/careers) 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
4/20/2026
Most Recently Posted Date
4/21/2026