Director, Portfolio Management, Private Infrastructure Debt
Principal Financial Group, New York, NY, United States
What You'll Do
Principal Private Infrastructure Debt team is growing! We’re looking for a Director, Portfolio Manager to join our team.
The Director is responsible for senior‑level portfolio management and credit oversight for a diversified global infrastructure debt portfolio, with accountability for ongoing monitoring of investment performance, reporting, and proactive risk management aligned with client Investment Management Agreements. The role also involves underwriting of Infrastructure U.S. Private Placements (USPP) and Project Finance transactions and collaborates closely across the Principal Private Credit platforms, reporting to the Head of Infrastructure Debt.
Portfolio Management & Credit Oversight
Lead portfolio management and credit oversight for a globally diversified infrastructure debt portfolio, including ongoing credit surveillance, portfolio risk assessments, valuation oversight, and coordination with key constituents such as legal, treasury, risk, finance, and operations teams.
Senior client liaison for active and prospective clients.
Credit Analysis & Underwriting
Play a key role in underwriting and executing USPP infrastructure and project finance transactions by conducting fundamental credit analysis, financial models, and downside scenarios, supporting investment decisions and participating in investment committee processes as applicable.
Client, Market & Platform Engagement
Act as a sector subject‑matter expert by contributing market insight to investment evaluation and portfolio positioning, supporting sourcing efforts alongside origination teams, and participating in client engagement, branding, marketing, and thought‑leadership initiatives that enhance franchise visibility.
Stressed & Underperforming Asset Management
Monitor and manage underperforming or watch‑list exposures by supporting borrower and sponsor engagement, assisting with remediation or restructuring strategies, coordinating internally on waivers or amendments, and ensuring timely escalation of credit issues.
Who You Are
Bachelor’s degree required; MBA or CFA expected.
10+ years of experience in infrastructure debt, private placements, project finance, and/or structured credit.
Strong credit analysis and financial modeling skills with a high level of attention to detail.
Established market relationships in the Infrastructure USPP and Project Finance markets.
Experience across global infrastructure sectors.
Strong understanding of project finance documentation, including intercreditor agreements, security packages, and covenants.
Experience with stressed or workout situations is a plus.
Skills That Will Help You Stand Out
Excellent written and verbal communication skills with the ability to represent the portfolio internally and externally.
Demonstrated leadership capabilities within infrastructure and project finance investment teams.
Ability to balance a disciplined, risk‑focused approach with commercial awareness in a competitive environment.
Professional and constructive approach to managing conflict, differing viewpoints, and complex stakeholder dynamics.
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) $211,000 - $285,000
per year
The base salary range for this role is
$211,000 - $285,000
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 .
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 do not accrue a bank of time off under FTO and there is no set number of days provided.
Pension Eligible No
Locations We’re open to considering in‑office or hybrid talent out of the New York City office. 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.
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.
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.
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The Director is responsible for senior‑level portfolio management and credit oversight for a diversified global infrastructure debt portfolio, with accountability for ongoing monitoring of investment performance, reporting, and proactive risk management aligned with client Investment Management Agreements. The role also involves underwriting of Infrastructure U.S. Private Placements (USPP) and Project Finance transactions and collaborates closely across the Principal Private Credit platforms, reporting to the Head of Infrastructure Debt.
Portfolio Management & Credit Oversight
Lead portfolio management and credit oversight for a globally diversified infrastructure debt portfolio, including ongoing credit surveillance, portfolio risk assessments, valuation oversight, and coordination with key constituents such as legal, treasury, risk, finance, and operations teams.
Senior client liaison for active and prospective clients.
Credit Analysis & Underwriting
Play a key role in underwriting and executing USPP infrastructure and project finance transactions by conducting fundamental credit analysis, financial models, and downside scenarios, supporting investment decisions and participating in investment committee processes as applicable.
Client, Market & Platform Engagement
Act as a sector subject‑matter expert by contributing market insight to investment evaluation and portfolio positioning, supporting sourcing efforts alongside origination teams, and participating in client engagement, branding, marketing, and thought‑leadership initiatives that enhance franchise visibility.
Stressed & Underperforming Asset Management
Monitor and manage underperforming or watch‑list exposures by supporting borrower and sponsor engagement, assisting with remediation or restructuring strategies, coordinating internally on waivers or amendments, and ensuring timely escalation of credit issues.
Who You Are
Bachelor’s degree required; MBA or CFA expected.
10+ years of experience in infrastructure debt, private placements, project finance, and/or structured credit.
Strong credit analysis and financial modeling skills with a high level of attention to detail.
Established market relationships in the Infrastructure USPP and Project Finance markets.
Experience across global infrastructure sectors.
Strong understanding of project finance documentation, including intercreditor agreements, security packages, and covenants.
Experience with stressed or workout situations is a plus.
Skills That Will Help You Stand Out
Excellent written and verbal communication skills with the ability to represent the portfolio internally and externally.
Demonstrated leadership capabilities within infrastructure and project finance investment teams.
Ability to balance a disciplined, risk‑focused approach with commercial awareness in a competitive environment.
Professional and constructive approach to managing conflict, differing viewpoints, and complex stakeholder dynamics.
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) $211,000 - $285,000
per year
The base salary range for this role is
$211,000 - $285,000
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 .
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 do not accrue a bank of time off under FTO and there is no set number of days provided.
Pension Eligible No
Locations We’re open to considering in‑office or hybrid talent out of the New York City office. 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.
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.
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.
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