Director, CLO Capital Markets & Structuring
Principal Financial Services, Inc., Denver, CO, United States
What You’ll Do
The Director, US CLO Capital Markets & Structuring supports the CLO Portfolio Manager and serves as the internal lead for CLO structuring, cash flow analytics, and transaction execution. This role is responsible for designing, modeling, documenting, and executing CLO structures across new issuance and post‑issuance transactions, ensuring efficient execution and alignment with portfolio objectives, rating agency requirements, and operational capabilities.
Structuring & Cash Flow Analytics
Develop and maintain CLO cash flow models to evaluate tranche sizing, credit enhancement, reinvestment mechanics, and weighted average life profiles.
Analyze performance scenarios (defaults, recoveries, prepayments, spread changes) to support structuring decisions aligned with equity return targets and rating agency requirements.
Evaluate structural features such as non‑call periods, OC/IC triggers, and reinvestment flexibility, providing recommendations based on market conditions and portfolio characteristics.
Process Management & Deal Execution
Lead the CLO structuring process from warehouse through pricing and closing.
Coordinate execution timelines and deliverables across arranging banks, legal counsel, rating agencies, trustees, and internal teams.
Monitor market conditions, investor demand, pricing trends, and comparable transactions to support new issue execution.
Participate in investor engagement and ensure alignment across portfolio management, operations, legal, compliance, and risk teams.
Documentation & Structural Oversight
Review and negotiate key structural provisions in transaction documentation in partnership with external counsel.
Ensure consistency across legal documentation, cash flow models, and marketing materials to maintain structural accuracy and transparency.
Post‑Issuance Optimization
Monitor compliance tests, collateral metrics, and structural cushions post‑issuance.
Identify and analyze refinancing, repricing, and reset opportunities to improve capital structure efficiency and investor outcomes.
Governance & Controls
Establish and maintain structuring processes, governance standards, and documentation controls across the CLO platform.
Partner with risk management and compliance to ensure adherence to regulatory requirements and internal policies.
Who You Are
Bachelor’s degree
8+ years of experience in CLO capital markets and/or structuring
Demonstrated experience modeling CLO cash flows and executing CLO transactions
Skills That Will Help You Stand Out
Advanced degree or CFA designation preferred
Bloomberg, Power BI, Intex
Strong analytical, organizational, and cross‑functional coordination skills
Strong project management and process optimization skills
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) $211000 - $285000 / year
Salary Details 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 don’t accrue a bank of time off under FTO and there is no set number of days provided.
Pension Eligible No
Location(s) We’re open to considering New York, Denver, or Des Moines office locations. You can check out what our Global Headquarters looks like here: www.principalam.com
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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Structuring & Cash Flow Analytics
Develop and maintain CLO cash flow models to evaluate tranche sizing, credit enhancement, reinvestment mechanics, and weighted average life profiles.
Analyze performance scenarios (defaults, recoveries, prepayments, spread changes) to support structuring decisions aligned with equity return targets and rating agency requirements.
Evaluate structural features such as non‑call periods, OC/IC triggers, and reinvestment flexibility, providing recommendations based on market conditions and portfolio characteristics.
Process Management & Deal Execution
Lead the CLO structuring process from warehouse through pricing and closing.
Coordinate execution timelines and deliverables across arranging banks, legal counsel, rating agencies, trustees, and internal teams.
Monitor market conditions, investor demand, pricing trends, and comparable transactions to support new issue execution.
Participate in investor engagement and ensure alignment across portfolio management, operations, legal, compliance, and risk teams.
Documentation & Structural Oversight
Review and negotiate key structural provisions in transaction documentation in partnership with external counsel.
Ensure consistency across legal documentation, cash flow models, and marketing materials to maintain structural accuracy and transparency.
Post‑Issuance Optimization
Monitor compliance tests, collateral metrics, and structural cushions post‑issuance.
Identify and analyze refinancing, repricing, and reset opportunities to improve capital structure efficiency and investor outcomes.
Governance & Controls
Establish and maintain structuring processes, governance standards, and documentation controls across the CLO platform.
Partner with risk management and compliance to ensure adherence to regulatory requirements and internal policies.
Who You Are
Bachelor’s degree
8+ years of experience in CLO capital markets and/or structuring
Demonstrated experience modeling CLO cash flows and executing CLO transactions
Skills That Will Help You Stand Out
Advanced degree or CFA designation preferred
Bloomberg, Power BI, Intex
Strong analytical, organizational, and cross‑functional coordination skills
Strong project management and process optimization skills
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) $211000 - $285000 / year
Salary Details 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 don’t accrue a bank of time off under FTO and there is no set number of days provided.
Pension Eligible No
Location(s) We’re open to considering New York, Denver, or Des Moines office locations. You can check out what our Global Headquarters looks like here: www.principalam.com
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.
#J-18808-Ljbffr