Portfolio Management Associate - Data Center

What You’ll Do Join a high-performing team deploying capital in one of the fastest-growing real estate sectors – data centers. As a Portfolio Management Associate on our data center team, you’ll play a key role in managing and growing a unique portfolio. In this role, you’ll support the data center team and collaborate across the Principal ecosystem to ensure each data center investment meets its performance goals and aligns with broader strategy. Additional Key Responsibilities Asset Strategy & Performance: Help develop and execute annual asset business plans and budgets to meet or exceed income, appreciation, and occupancy targets. Monitor asset performance against underwriting and market benchmarks, flagging opportunities and risks to drive value. Transaction & Development Support: Assist in underwriting and executing new investments, development projects, and leasing transactions. Evaluate deal opportunities (including tenant credit and lease terms) to ensure they meet return targets and support the platform’s growth. Financial Analysis & Reporting: Deliver timely, accurate asset valuations and investor reports, including variance analysis versus budgets. Maintain detailed financial models (e.g., DCF) to support decision‑making and ensure current market assumptions are reflected. Stakeholder Collaboration: Coordinate closely with others across the team. Maintain relationships with joint venture partners, leasing brokers, and property managers, and work with internal teams (finance, legal, engineering, etc.) to ensure smooth execution of asset initiatives and client objectives. Who You Are Bachelor’s degree (Finance, Real Estate, Business, or related field). 2+ years of relevant experience in real estate investments or asset management (experience investing in or managing a real estate portfolio or data center portfolio). Strong financial modeling and analytical skills, with high proficiency in Excel (experience with Argus or similar tools a plus). Able to interpret leases/contracts and complex financial documents independently. Highly organized and detail-oriented, able to manage multiple priorities and meet deadlines in a fast‑paced environment. Proactive and self‑motivated problem solver with a continuous improvement mindset. Excellent communication and interpersonal skills. Comfortable collaborating across teams and presenting findings to stakeholders, including senior leaders. A team player who builds relationships and contributes to a positive, high‑performance culture. Willingness to travel (~10%) to visit assets or meet partners as needed. Salary Range Base salary for this role ranges from $89,300 to $152,400 per year, depending on location, experience, and other factors. Locations include: Des Moines: $89,300 - $120,650 per year Chicago: $103,400 - $139,700 per year New York City: $112,800 - $152,400 per year In addition to base compensation, this role participates in a bonus plan. Actual compensation is determined at the time of offer and may exceed base salary. Benefits Flexible Time Off (FTO) is provided to salaried employees with pay for vacation, personal or short‑term illness. Employees do not accrue a bank of time off under FTO and there is no set number of days provided. Location & Employment Type We’re open to candidates based at our World Headquarters in Des Moines or Chicago and New York City. This role offers the ability for in‑office or four days in office and one day remote. Work Authorization/Sponsorship We are not considering candidates that require immigration sponsorship. Investment Code of Ethics For Principal Global Investors positions, employees must follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for themselves and household members. Equal Opportunity Employer 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 Principal Financial Group