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Managing Director - Asset Management

Company: Principal Financial Services, Inc.
Location: Des Moines
Posted on: April 10, 2021

Job Description:

Securities offered through Principal Securities, Inc., member SIPC Managing Director - Asset Management in Des Moines, Iowa - Careers at Des Moines,IA,Agy Please Enable Cookies to Continue Please enable cookies in your browser to experience all the personalized features of this site, including the ability to apply for a job. Welcome page Returning Candidate? Log back in! Managing Director - Asset Management Job Locations US-IA-Des Moines Posted Date 2 days ago (4/5/2021 6:47 PM) Job # 2021-30028 Category Investments Ent Seg PGI Bus Area PGI Real Estate Pos Typ Regular Full-Time Remote No FLSA Exempt Job Posting Close Date 4/9/2021 Responsibilities Lead and manage an assigned market(s) in the production and management of private equity real estate investments in a manner that is consistent with client objectives and operating expectations of Principal Real Estate Investors. Day to Day Responsibilities:

  • Lead and direct an assigned market(s) in the production of new development, redevelopment and repositioning activities, lease procurement, and other appropriate equity investment activities consistent with client return, volume and timeliness goals.
  • Establish property leasing goals that meet client objectives and goals and work with leasing brokers to meet or exceed specific occupancy benchmarks for each asset. Analyze tenant credit, negotiate market lease terms and documentation, and provide profitability analysis relative to market alternatives.
  • Implement client investment strategies in procuring new development opportunities and underwriting entitlement, construction, leasing, and capital market risk.
  • Directly responsible for sourcing, negotiating, and structuring ground up development joint ventures and assisting legal / development managers with joint venture documentation.
  • Actively direct an assigned portfolio to ensure the delivery of expected income, appreciation and occupancy consistent with client expectations as measured against appropriate market indices and benchmarks.
  • Provide oversight, guidance, and direction for all external parties involved in the asset management process. Lead regional engineering and development management staff to ensure the delivery of high quality and efficient construction/development services for clients. Represent Principal Real Estate Investors in presentations related to new capital raising efforts, existing clients, and consultants.
  • Lead and manage joint venture partners, leasing brokers, property managers and other external relationships to fulfill investment production, investment management, and client objectives.
  • Actively develop positive, long lasting relationships with joint venture partners, developers, brokers, and other industry participants to source potential future investment opportunities.
  • Reporting - Meet all client reporting requirements in a timely and accurate manner. Throughout the year, provide variance analysis relative to actual performance versus budget and benchmark. Qualifications
    • Bachelor's degree with evidence of a strong background in finance, mathematics, economics or business and preferably real estate
    • MBA preferred
    • Minimum 15 years commercial real estate experience with a track record of success with previous asset management/development assignments required
    • Must have demonstrated leadership experience
    • Must have strong oral/written communication skills, listening skills and negotiation skills (on the phone, in person and making presentations)
    • Must have ability to make autonomous decisions on complex issues
    • Must have demonstrated diplomacy and troubleshooting skills for use within the regional structure and with other internal functional areas
    • Must have strong organizational skills and demonstrate the ability to meet deadlines
    • Must be able to work without supervision on a day-to-day basis
    • Must have strong analytical skills and have the ability to read, interpret, and understand contracts and other legal documents
    • Must be able to travel to markets within assigned regions up to 20%-25% of time, or as required This position may be subject to SEC restrictions on personal political contributions Additional Information Work Authorization/Sponsorship At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.) Investment Code of Ethics For Principal Global Investors 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 While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees - individually and all of us together. Explore our core values , benefits and why we're an exceptional place to grow your career. 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. Options Apply for this job online Apply Share Email this job to a friend Refer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed Loading... Application FAQs

Keywords: Principal Financial Services, Inc., Des Moines , Managing Director - Asset Management, Accounting, Auditing , Des Moines, Iowa

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