Director, Portfolio Management, Private Infrastructure Debt

What You'll Do

Principal Private Infrastructure Debt team is growing!We’relooking for a Director, PortfolioManagerto join our team.

The Directoris responsible forsenior‑level portfolio management and credit oversight for a diversifiedglobalinfrastructure debt portfolio, with accountability for ongoingmonitoring ofinvestment performance,reporting, and proactive risk management aligned with client Investment Management Agreements. The role alsoinvolvesunderwritingofInfrastructure U.S. Private Placements (USPP) and Project Finance transactions and collaborates closely across the Principal Private Credit platforms, reporting to the Head of Infrastructure Debt.

Portfolio Management & Credit Oversight

• Lead portfolio management and credit oversight for agloballydiversified infrastructure debt portfolio, including ongoing creditsurveillance,portfolio risk assessments, valuationoversight, and coordination withkey constituents includinglegal, treasury, risk, finance, and operations teams

• Senior client liaison for active and prospective clients

Credit Analysis & Underwriting

• Play a key role in underwriting and executing USPP infrastructure and project finance transactions byexecuting in fundamentalcredit analysis, financial models, and downside scenarios,supportinginvestmentdecisionsandparticipatingin investment committee processes as applicable.

Client, Market & Platform Engagement

• Act as a sector subject‑matter expert by contributing market insight to investment evaluation and portfolio positioning, supporting sourcing efforts alongside origination teams, andparticipatingin client engagement, branding, marketing, and thought‑leadership initiatives that enhance franchise visibility.

Stressed & Underperforming Asset Management

• Monitor and manage underperforming or watch‑list exposures by supporting borrower and sponsor engagement,assistingwithremediationor restructuring strategies, coordinating internally on waivers or amendments, and ensuringtimelyescalation of credit issues.

Who You Are

• Bachelor’s degreerequired; MBA or CFA expected

• 10+ years of experience in infrastructure debt, private placements, project finance, and/or structured credit

• Strong credit analysis and financial modeling skills witha high levelof attention to detail

• Established market relationships in the Infrastructure USPP and Project Finance markets

• Experience across global infrastructure sectors

• Strong understanding of project finance documentation, including intercreditor agreements, security packages, and covenants

• Experience withstressedor workout situations is a plus

Skills That Will Help You Stand Out

• Excellent written and verbal communication skills with the ability torepresentthe portfolio internally and externally

• Demonstrated leadership capabilities within infrastructure and project finance investment teams

• Ability to balance a disciplined, risk-focused approach with commercial awareness in a competitive environment

• Professional and constructive approach to managing conflict, differing viewpoints, and complex stakeholder dynamics

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

$211000 - $285000 / year

Salary Details

The base salary range for this role is $211,000 - $285,000 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

Additional Information

Locations

We’re open to considering in-office or hybrid talent out of the New York City office. You’ll work with your leader to figure out which option may align best based on several factors.

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.

Date First Posted (TTF)

4/10/2026

Latest Post Date: Careers - US

4/10/2026

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