[Hiring] Senior Portfolio Analyst, Asset Allocation @Principal Financial Group

Role Description

The Senior Portfolio Analyst role within Principal Asset Allocation’s (PAA) Portfolio Management team ($250 billion in assets) is responsible for the day-to-day research and implementation of open-architecture, multi-manager equity strategies. This role supports core-satellite strategies in portfolio construction and management decisions across six active equity strategies through quantitative research and analysis of approximately $20 billion in AUM.

• Lead research efforts focused on developing, enhancing, and maintaining systematic indicators to inform portfolio management decisions, including active-passive allocations, manager allocations, and portfolio construction across core-satellite portfolios.
• Enhance active-passive implementation frameworks to determine the optimal use of active managers, passive exposures, and blended structures based on market conditions, macro trends, and asset class dynamics.
• Design and maintain systematic risk mitigation signals, including mean reversion and stop-loss frameworks, to guide tactical positioning.
• Build, maintain, and enhance quantitative models and analytical frameworks used for portfolio optimization, signal generation, scenario analysis, and performance attribution.
• Monitor portfolio risk exposures, including sector, regional, factor, style, and macroeconomic risks, ensuring alignment with investment objectives and risk tolerances.
• Conduct research on market structure, behavioral finance, factor dynamics, and systematic investment strategies to support portfolio outcomes.
• Support portfolio management decision-making through analysis that informs portfolio allocation recommendations.

Qualifications

• Bachelor's degree with an emphasis in finance, economics, accounting, or another technical field.
• 8+ years related experience that includes quantitative research, risk management, risk analysis.
• Experience working with equities or equity portfolios, including exposure to portfolio construction, manager selection, or equity market analysis.
• Strong understanding of portfolio construction, asset allocation, manager selection, and risk management.
• Programming experience (Python, R, C++, SQL).
• Experience with performance or risk-based platforms such as Factset, Barra, Bloomberg, Morningstar.

Requirements

• Advanced training in mathematics, statistics, computer science, or another highly quantitative field.
• Demonstrates strong analytical and problem-solving skills with the ability to synthesize large datasets into actionable insights and recommendations.
• Experience applying artificial intelligence or machine learning techniques to portfolio construction, investment research, or signal development.
• Excellent ability to communicate advanced concepts in a concise and logical manner.
• Strong attention to detail, organizational skills, and the ability to manage multiple tasks and requests from various stakeholders in a timely and efficient manner.

Benefits

• Salary range: $157,000 - $213,000 per year.
• Final compensation will be determined based on skills, experience, and alignment with the role’s responsibilities.
• Participation in an annual profit share bonus plan.
• Flexible Time Off (FTO) for salaried (exempt) employees.

Company Description

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.