What You'll Do The Director, US CLO Capital Markets & Structuring supports the CLO Portfolio Manager and serves as the internal lead for CLO structuring, cash flow analytics, and transaction execution.

This role is responsible for designing, modeling, documenting, and executing CLO structures across new issuance and post‑issuance transactions, ensuring efficient execution and alignment with portfolio objectives, rating agency requirements, and operational capabilities.

Structuring & Cash Flow Analytics Develop and maintain CLO cash flow models to evaluate tranche sizing, credit enhancement, reinvestment mechanics, and weighted average life profiles.

Analyze performance scenarios (defaults, recoveries, prepayments, spread changes) to support structuring decisions aligned with equity return targets and rating agency requirements.

Evaluate structural features such as non‑call periods, OC/IC triggers, and reinvestment flexibility, providing recommendations based on market conditions and portfolio characteristics.

Process Management & Deal Execution Lead the CLO structuring process from warehouse through pricing and closing.

Coordinate execution timelines and deliverables across arranging banks, legal counsel, rating agencies, trustees, and internal teams.

Monitor market conditions, investor demand, pricing trends, and comparable transactions to support new issue execution.

Participate in investor engagement and ensure alignment across portfolio management, operations, legal, compliance, and risk teams.

Documentation & Structural Oversight Review and negotiate key structural provisions in transaction documentation in partnership with external counsel.

Ensure consistency across legal documentation, cash flow models, and marketing materials to maintain structural accuracy and transparency.

Post‑Issuance Optimization Monitor compliance tests, collateral metrics, and structural cushions post‑issuance.

Identify and analyze refinancing, repricing, and reset opportunities to improve capital structure efficiency and investor outcomes.

Governance & Controls Establish and maintain structuring processes, governance standards, and documentation controls across the CLO platform.

Partner with risk management and compliance to ensure adherence to regulatory requirements and internal policies.

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $580 billion in assets and over 60 years of experience.

Principal Asset Management has been recognized as a “Best Places to Work in Money Management” for 14 consecutive years!

Check us out at www.principalam.com!

Who You Are Bachelor’s degree 8+ years of experience in CLO capital markets and/or structuring Demonstrated experience modeling CLO cash flows and executing CLO transactions Skills That Will Help You Stand Out Advanced degree or CFA designation preferred Bloomberg, Power BI, Intex Strong analytical, organizational, and cross-functional coordination skills Strong project management and process optimization skills

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) $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 Location(s) We’re open to considering New York, Denver, or Des Moines office locations.

You can check out what our Global Headquarters looks like here: 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 4/16/2026 Most Recently Posted Date 4/16/2026
The Director, US CLO Capital Markets & Structuring supports the CLO Portfolio Manager and serves as the internal lead for CLO structuring, cash flow analytics, and transaction execution.

This role is responsible for designing, modeling, documenting, and executing CLO structures across new issuance and post‑issuance transactions, ensuring efficient execution and alignment with portfolio objectives, rating agency requirements, and operational capabilities.

Structuring & Cash Flow Analytics Develop and maintain CLO cash flow models to evaluate tranche sizing, credit enhancement, reinvestment mechanics, and weighted average life profiles.

Analyze performance scenarios (defaults, recoveries, prepayments, spread changes) to support structuring decisions aligned with equity return targets and rating agency requirements.

Evaluate structural features such as non‑call periods, OC/IC triggers, and reinvestment flexibility, providing recommendations based on market conditions and portfolio characteristics.

Process Management & Deal Execution Lead the CLO structuring process from warehouse through pricing and closing.

Coordinate execution timelines and deliverables across arranging banks, legal counsel, rating agencies, trustees, and internal teams.

Monitor market conditions, investor demand, pricing trends, and comparable transactions to support new issue execution.

Participate in investor engagement and ensure alignment across portfolio management, operations, legal, compliance, and risk teams.

Documentation & Structural Oversight Review and negotiate key structural provisions in transaction documentation in partnership with external counsel.

Ensure consistency across legal documentation, cash flow models, and marketing materials to maintain structural accuracy and transparency.

Post‑Issuance Optimization Monitor compliance tests, collateral metrics, and structural cushions post‑issuance.

Identify and analyze refinancing, repricing, and reset opportunities to improve capital structure efficiency and investor outcomes.

Governance & Controls Establish and maintain structuring processes, governance standards, and documentation controls across the CLO platform.

Partner with risk management and compliance to ensure adherence to regulatory requirements and internal policies.

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $580 billion in assets and over 60 years of experience.

Principal Asset Management has been recognized as a “Best Places to Work in Money Management” for 14 consecutive years!

Check us out at www.principalam.com!

Bachelor’s degree 8+ years of experience in CLO capital markets and/or structuring Demonstrated experience modeling CLO cash flows and executing CLO transactions Skills That Will Help You Stand Out Advanced degree or CFA designation preferred Bloomberg, Power BI, Intex Strong analytical, organizational, and cross-functional coordination skills Strong project management and process optimization skills