Principal Financial Group
CLO Fixed Income Portfolio Manager
Principal Financial Group, Des Moines, Iowa, United States, 50319
What You’ll Do
We’re looking for a CLO (Collateralized Loan Obligation) Fixed Income Portfolio Manager to join our team! In this role you’ll lead the investment outlook, strategy, and portfolio construction for high-yield and leveraged loan strategies. You’ll drive thought leadership, business development, profitability, and team leadership within Principal Asset Management.
Key Responsibilities
Develop and execute competitive high-yield and leveraged loan strategies and processes
Manage flagship accounts, ensuring alignment with client objectives and delivering top-tier performance and P&L results
Represent Principal Fixed Income in client meetings, presentations, and industry forums; support product development and marketing
Monitor global markets and industry trends to identify opportunities and risks
Lead, mentor, and develop staff to foster collaboration, innovation, and results
Who You Are
Bachelor's or Master's degree in business, finance, economics or another technical field
10+ years' work experience with fixed income strategies in a trading, research, portfolio specialist or portfolio management capacity
Prior experience developing CLO strategies
CFA charter holder
Skills That Will Help You Stand Out
Deep knowledge of global economies and investment theories, fixed income investments, and related regulatory requirements
MBA
Familiarity with database structures, big data techniques and programming languages (e.g., Python, MATLAB, R)
Must be able to build and maintain strong relationships and negotiate
Strong abilities in the areas of change management, strategic planning, decision making, communication (verbal and written), presentations, and leadership
Ability to make decisions quickly and effectively in a highly competitive environment with incomplete information
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)
$242,000 - $328,000 / 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
Location(s) The position is open to either Denver, traveling to Des Moines 20% of the time, or at our global headquarters 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, 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 1/12/2026
Most Recently Posted Date 1/12/2026
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Key Responsibilities
Develop and execute competitive high-yield and leveraged loan strategies and processes
Manage flagship accounts, ensuring alignment with client objectives and delivering top-tier performance and P&L results
Represent Principal Fixed Income in client meetings, presentations, and industry forums; support product development and marketing
Monitor global markets and industry trends to identify opportunities and risks
Lead, mentor, and develop staff to foster collaboration, innovation, and results
Who You Are
Bachelor's or Master's degree in business, finance, economics or another technical field
10+ years' work experience with fixed income strategies in a trading, research, portfolio specialist or portfolio management capacity
Prior experience developing CLO strategies
CFA charter holder
Skills That Will Help You Stand Out
Deep knowledge of global economies and investment theories, fixed income investments, and related regulatory requirements
MBA
Familiarity with database structures, big data techniques and programming languages (e.g., Python, MATLAB, R)
Must be able to build and maintain strong relationships and negotiate
Strong abilities in the areas of change management, strategic planning, decision making, communication (verbal and written), presentations, and leadership
Ability to make decisions quickly and effectively in a highly competitive environment with incomplete information
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)
$242,000 - $328,000 / 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
Location(s) The position is open to either Denver, traveling to Des Moines 20% of the time, or at our global headquarters 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, 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 1/12/2026
Most Recently Posted Date 1/12/2026
#J-18808-Ljbffr