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What You’ll Do
We’re looking for an Acquisitions Analyst or Senior Acquisitions Analyst to join our Principal Real Estate team. In this role, you’ll provide analytical support for acquisitions and dispositions in real estate private equity transactions!
• Act as the central point of contact for the asset management team, local counsel, internal counsel, internal and external consultants and internal closer during acquisition due diligence process. This includes negotiating the purchase and sale agreement with assistance from internal and external counsel and coordinating all necessary documents, funds, and parties through the closing of the transaction.
• Coordinate hiring third party consultants (e.g., environment consultants, property inspectors, etc.) and external counsel, ensuring contractors meet established client standards. Ensure competitive pricing and effective services are obtained for title, survey, appraisal, and third party consultant reports.
• Ensure thorough review of all due diligence reports and coordinate with client, asset management, acquisitions deal team, internal legal and external counsel to identify issues, work through solutions and re-negotiate deal terms as appropriate based on due diligence findings.
• Analyze commercial real estate leases to assure legal issues and terms meet client standards.
• Foster relationships and establish legal, closing and engineering procedures with new clients.
• Manage disposition due diligence and closing process for assets being sold by Principal and its client funds.
• Thoughtfully execute client investment and tax strategies including 1031 replacements, REIT and TRS rules, and ESG considerations with assistance from accounting teams and external counsel..
Principal Real Estate, a top-10 global real estate manager with approximately $100B in assets under management, is the dedicated real estate investment group within Principal Asset Management. With over 60 years of experience our comprehensive, specialized capabilities across all four quadrants of commercial real estate-—private equity, public equity, public debt, and private debt gives us a unique perspective on real estate space and capital markets.
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 business with emphasis in finance, business law or real estate or related work experience.
• Five plus years’ experience in commercial loan closing or real estate legal transactions.
• Strong quantitative financial background and statistics including basic finance concepts such as time value of money.
Skills That Will Help You Stand Out
• Results oriented, exhibit attention to detail with accuracy, possess a high level of written and oral communication skills and possess quantitative analysis skills.
• Capability to work autonomously.
• Ability to quickly and accurately analyze large quantities of information and communicate results, including views on financial and non-financial aspects of transactions.
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)
$86450 – $167000 / 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
Location(s)
This role will be based out of our World Headquarters located in Des Moines, IA.
Work Environments
This role offers the ability for in-office or four days in-office and one day remote. You’ll work with your leader to figure out which option may align best based on several factors.
Job level
We’ll consider talent at the next level with the right experiences and skills. To be considered at the next level, experience will require seven years experience in commercial loan closing or real estate legal work.
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
7/24/2024
Most Recently Posted Date
7/24/2024
