What You'll Do

We're looking for a Portfolio Associate to join our team! In this role you’ll provide financial and operational support to portfolio management, research and trading teams to aid in the management of fixed income portfolios. You’ll monitor daily market developments and portfolio compliance, conduct research and analysis, run/create and analyze statistical reports, and execute special projects.

 

Day to day responsibilities:

• Portfolio Analysis: Analyze portfolio performance, analytics, and attribution by utilizing tools such as Bloomberg, Aladdin and quantitative techniques. Assist portfolio managers by running risk/attribution reports versus appropriate benchmarks. Review and ensure portfolio compliance with guidelines.
• Portfolio Construction and Management: Work with portfolio management to establish and implement investment strategy across client portfolios using various tools to develop specific portfolio buy/sell trades affect exposure rebalancing.
• Support Stable Value Portfolio Construction team with reporting and analysis of book value portfolios.
• Support Marketing and Client Services: Respond to basic inquiries and requests for information (i.e. risk/attribution and other analytic reports) about investment strategies from marketing, RFP, product management, distribution, consultants and clients.
• Work with portfolio managers, the research team, the client service team, compliance and senior management to create risk and attribution and other analytical reports to present to both internal and external clients.

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

• Bachelor's degree in business or technical field (i.e. finance, accounting, economics, statistics, engineering, data science, computer science).
• Ability to understand basic accounting principles and economic theory, interpret financial statements, and efficiently and effectively research, compile and analyze information.
• Interest in and an aptitude for learning new analytical systems and quantitative techniques. Strong technical abilities and use of Excel and experience related to computer programming.
• Self-starter who can work independently with minimal direction, manage multiple priorities, and manage expectations effectively.
• Excellent abilities in the areas of communication (verbal and written).
• Collaborative with the ability to build and maintain strong relationships.

Skills That Will Help You Stand Out

• Coursework or experience related to computer programming is preferred.
• Knowledge of financial markets and fixed income strategies.
• Experience developing analytical tools and enhancing reporting and analytics workflows through automation with programming and scripting skills (e.g., Python, R, VBA) desired.
• Keen sense of curiosity and forward-thinking thought process desired.

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)

$94000 - $110000 / 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

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.

Original Posting Date

1/8/2026

Most Recently Posted Date

1/8/2026