Director, Portfolio Management, Private Infrastructure Debt
Principal Financial Group, New York, NY, United States
Overview
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.
Responsibilities
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 legal, treasury, risk, finance, and operations teams.
Serve as senior client liaison for active and prospective clients.
Underwrite and execute USPP infrastructure and project finance transactions through fundamental credit analysis, financial modeling, and downside scenarios; support investment decisions and participate in investment committee processes as applicable.
Act as a sector subject‑matter expert by contributing market insight to investment evaluation and portfolio positioning; support sourcing efforts with origination teams; participate in client engagement, branding, marketing, and thought leadership initiatives that enhance franchise visibility.
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 & Benefits
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 / year
Base salary range for this role is $211,000 - $285,000. 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 & Benefits
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 & Work Authorization
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 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 provided links.
Ethics & Experience
Investment Code of Ethics: 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.
Equal Opportunity
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 Details
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: 4/10/2026
Most Recently Posted Date: 4/10/2026
J-18808-Ljbffr
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.
Responsibilities
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 legal, treasury, risk, finance, and operations teams.
Serve as senior client liaison for active and prospective clients.
Underwrite and execute USPP infrastructure and project finance transactions through fundamental credit analysis, financial modeling, and downside scenarios; support investment decisions and participate in investment committee processes as applicable.
Act as a sector subject‑matter expert by contributing market insight to investment evaluation and portfolio positioning; support sourcing efforts with origination teams; participate in client engagement, branding, marketing, and thought leadership initiatives that enhance franchise visibility.
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 & Benefits
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 / year
Base salary range for this role is $211,000 - $285,000. 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 & Benefits
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 & Work Authorization
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 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 provided links.
Ethics & Experience
Investment Code of Ethics: 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.
Equal Opportunity
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 Details
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: 4/10/2026
Most Recently Posted Date: 4/10/2026
J-18808-Ljbffr