Managing Director, Portfolio Management, Private Equity Real Estate (Reside at Principal Financial Group

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

11 Aug, 26

Salary

0.0

Posted On

13 May, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Portfolio Management, Private Equity Real Estate, Investment Strategy, Client Leadership, Joint Venture Structuring, Risk Management, Asset Management, Financial Analysis, Valuation Policy, Transaction Structuring, Capital Allocation, Mentorship, Institutional Reporting, Negotiation, Strategic Planning

Industry

Financial Services

Description

What You'll Do We are seeking a Managing Director, Portfolio Management to join our Retail & Residential team. In this role, you will lead our residential portfolio as well as provide additional support for retail investments, guiding portfolio strategy and execution for one of our more complex institutional real estate portfolios, helping maximize performance while aligning with the objectives of a large institutional pension client. This position blends investment judgment, client leadership, portfolio oversight, and leadership, with meaningful influence on strategy, transactions, and long-term portfolio construction. Strategic Planning & Portfolio Strategy Shape and help drive residential portfolio strategy Translate strategic direction into executable plans through operating partners and investment structures Support development of new investment vehicles and structures designed to deliver strong risk-adjusted returns Procure and negotiate agreements with operating partners, joint venture partners, and institutional counterparties Client Leadership & Market Engagement Serve as a senior client‑facing leader and trusted advisor to institutional investors. Represent the firm with operating partners, brokers, and industry participants across the residential sector. Maintain deep awareness of residential market trends and translate insights into portfolio actions. Portfolio Management & Investment Oversight Oversee a large, complex institutional residential real estate portfolio with a primary focus on multi‑family and manufactured housing investments. Direct execution of value‑creation strategies across operating platforms and assets. Review and approve investment decisions, capital allocations, and transaction recommendations for underwriting discipline, portfolio fit, and risk alignment. Provide leadership on transaction structuring, pricing, and portfolio‑level impacts. Represent the institutional client on management, investment, and governance committees. Valuation, Risk & Reporting Partner with internal and external valuation consultants to execute portfolio valuation policy Ensure consistency, analytical rigor, and compliance with regulatory and audit requirements Oversee preparation and delivery of clear, decision‑oriented reporting for institutional clients and senior internal stakeholders. Leadership & Mentorship Mentor and develop investment professionals across the team Promote high standards of analysis, accountability, and collaboration Contribute to a culture of strong performance and continuous development Who You Are Bachelor’s degree in finance, business, or related field; real estate focus strongly preferred. 15+ years of commercial real estate experience with deep residential portfolio management expertise, ideally within an institutional environment (allocator, operator, or GP). Proven success supporting institutional clients, including pension plans, and serving as a senior client‑facing investment leader. Demonstrated ability and track record of structuring, negotiating, and governing joint venture investments with third‑party operators. Strong background in residential investment strategy, portfolio construction, and risk management. Experience across acquisitions, asset management, and portfolio oversight. Skills That Will Help You Stand Out Experience with complementary residential sectors such as senior housing, student housing, or manufactured housing. History of influencing portfolio‑level decisions and capital allocation at scale. Exceptional communication and presentation skills with institutional investors, consultants, and boards. Proven leader with a track record of developing high‑performing investment professionals. Willingness to travel regularly to assets, operating partners, and client meetings. 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) $242000 - $300000 / year Salary Details Compensation The base salary range for this role is $242,000 – $300,000 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 remote talent or in-office talent working out of our office locations in Des Moines, Charlotte, Chicago, Denver or New York City. 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 5/12/2026 Most Recently Posted Date 5/12/2026 LinkedIn Remote Hashtag #LI-Remote

Responsibilities

Lead the residential real estate portfolio strategy and execution for a large institutional pension client, focusing on multi-family and manufactured housing. Oversee investment decisions, manage operating partner relationships, and provide senior-level client leadership and reporting.