What You’ll Do:
We are looking for an Associate Fixed Income Analyst to join our Investment Grade Fixed Income team. In this role, you’ll contribute to our credit research process and have the opportunity to grow and deepen your knowledge into the fixed income industry and specific companies and industries!

SKILLS THAT WILL HELP YOU STAND OUT

• Previous internship in fixed income or related technical field
• Undergraduate GPA of 3.5 or above
• Strong data acumen and familiarity managing large data sets and use of coding to develop and maintain proprietary tools supporting investment decision making
• Progress towards CFA
• Knowledge of fixed income strategies, including general knowledge of bond mechanics and pricing calculations
• Excellent abilities in the areas of communication (verbal and written), time management
• Previous experience with Bloomberg, including BQuant and advanced AI techniques a plus
• Additional programming languages (ie MATLAB, R, Python, SQL, BQL)
  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: $86450 - $116850 / 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 Additional Information:

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.

• Assist in maintaining credit rating, outlook and relative value assessments of current holdings. Ensure information is current and senior analysts/portfolio managers are proactively informed of significant developments (i.e. M&A, environmental/political impacts)
• Assist with report generation and review, process automation using programming languages and special projects as needed
• Develop knowledge of financial markets, current events, and global/U.S. economies and analyze their impact on industry/sector fundamentals. Monitor industry and competitive environment through research of market intelligence and insights to proactively identify new opportunities, trends, emerging issues or threats
• Proactively develop and foster relationships with industry contacts (e.g. Wall Street analysts) to ensure constant flow of information
• Conduct fundamental research through analysis of economic, competitive, sector and political drivers that impact a borrower’s ability to repay its debt on assigned companies/industries/sectors. Provide research insights and credit rating recommendations
• Develop historical and projected financial models, analyzing key financial metrics on (a smaller set of) companies to assist senior analysts and build knowledge of relative value of assets
• Provide detailed buy, sell and hold investment recommendations to support portfolio managers in making informed investment decisions
  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!
  Principal Asset Management offers global asset management expertise across a diverse set of traditional and alternative asset classes. Check us out at www.principalam.com!

Who You Are:

• Bachelor’s degree in a technical field (ie finance, accounting, economics, statistics, engineering, data science, business analytics)
• Must be able to understand basic accounting principles and economic theory, interpret financial statements, and efficiently and effectively research, compile and analyze information
• Collaborative, able to build and maintain strong relationships, manage expectations, attend to details, multi-task and prioritize effectively
• Advanced Excel skills including VBA and Macros