What You’ll Do
Are you highly skilled in Quantitative Research and looking for a challenge? Are you interested in working for a dynamic global team? Do you enjoy diving into complex data and working in a cross-functional environment?
Principal is seeking a dedicated Sr. Quantitative Research Analyst to join Principal Asset Management as part of our Real Estate Investment (PrinRE) team, which manages over $100 billion in assets. This individual will be a key contributor to strategically aligned initiatives, co-creating new and innovative products with the potential to shape the industry. This is an EXCELLENT opportunity to be a true pioneer for a Fortune 500 company and top-10 global real estate manager.
What you will do in this role:
Develop advanced statistical analysis and models to support all critical real estate functions investment decisions including, but not limited to:
- Strategic risk management, underwriting, performance forecast, and portfolio construction
- Collaborate with investment management professionals, research, and technology partners to identify, scope, and implement strategic opportunities using data and applied mathematics at scale
- Continuous improvement on performance for PrinRE
- Contribute thought capital including white papers and other formats to maintain and enhance standing with clients and industry
- Research and apply knowledge of existing and emerging data science principles, theories, and techniques to inform investment decisions
- Support research, due diligence, and implementation of third-party data and PropTech solutions being evaluated by various partners within PrinRE
- Develop domain expertise with various external vendors
- Serve as subject matter expert for all data science related efforts within PrinRE and support learning and development efforts with junior analysts and others
- Own the scoping and development of our statistical models and contribute to thought leadership for clients and internal partners
- Work closely with seasoned investment professionals, engineers, and other partners to scale our research platforms to support the needs of our clients
Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!
Who You Are
- You have a M.S. (Ph.D. preferred) in quantitative subject area (Statistics, Applied Mathematics, Operation Research, etc.) and 6+ years (4+ if Ph.D.) of experience building ML-based solutions
- You have experience building large scale machine learning models to support investment decisions as well as proficiency with languages like Python, R, Scala, etc.
- You are collaborative, innovative and have a strong desire to continuously learn and adapt
Skills That Will Help You Stand Out
- Familiarity with machine learning frameworks like TensorFlow, Spark ML, etc
- Cloud computing platform experience (AWS)
- Experience with AWS Sagemaker
- Familiarity with visualization software such as Quicksight, PowerBI, and web applications development tools like Dash
- Commercial Real Estate or capital market research exposure a plus
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
$123000 – $167000 / year
Additional Information
Work Environments
This role offers the ability for in-office, hybrid (blending both office and remote work in a typical workweek), and remote work arrangements. 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.
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