As an Associate with the Private Infrastructure Debt team, you’ll support deal evaluation of High Yield and Investment Grade transactions including underwriting, structuring, portfolio monitoring and client work across sectors like energy, power, renewables, transportation, digital infrastructure among other areas. You’ll conduct credit analysis, build financial models, and provide research insights to assist senior team members in making investment decisions.  

Key responsibilities may include:  

• Analyze and support infrastructure transaction activity  including private placements and bank loans, and monitor existing investments. 
• Develop and maintain credit memos, financial models, assess key financial metrics, and conduct industry research. 
• Build and maintain relationships with sponsors, agents, and advisors.  
• Research economic, regulatory, and market trends impacting investments.  
• Support marketing, RFPs, and client inquiries.  
• Stay informed on financial markets, industry trends, and capital market conditions. 

This role offers the opportunity to develop expertise in infrastructure finance while contributing to a dynamic investment team.  

• Bachelor’s degree in finance, accounting, engineering or a related technical field. (minimum 3.5 GPA). 
• 3+ years’ experience in a combination of Infrastructure, Project Finance Loans, and Fixed Income.
• Strong Excel-based financial modeling skills, including experience developing and maintaining financial models, analyzing key financial metrics, and creating thorough underwriting memos.
• Solid understanding of accounting principles, financial statement analysis, credit analysis, and economic fundamentals.
• Familiarity with financial markets, fixed income strategies, and credit evaluation methods.   
• Demonstrated ability to use available AI tools to improve workflow efficiency.

• Prior experience in credit analysis, underwriting, or a credit-focused investment role.
• Experience within one or more infrastructure sectors, including energy, power, renewables, transportation, or digital infrastructure.
• Progress towards CFA certification.
• Team-oriented, able to build relationships, manage expectations, and prioritize tasks effectively.
• Curious, open-minded, and eager to learn.
• Experience with tools such as Bloomberg, Python, or similar technologies.

The base salary range for this role is $141,000 - $191,000 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.

Location and Work Environments

We’re open to considering talent in the New York metro area. This role offers hybrid work set-up including 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. 

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.