Vice President | Director - Asset Manager (Data Center)

What You'll Do

Join a high-performing team deploying capital in one of the fastest-growing real estate sectors. As a Vice President or Director on our data center team, you'll take the lead in managing and growing a portfolio of U.S. and global data center investments-helping shape a scalable, future-forward platform at the intersection of real estate, infrastructure, and technology.

In this role, you'll drive value creation, risk management, and performance optimization across a diversified data center portfolio. You'll collaborate with internal teams and external partners to execute investment and asset strategies aligned with firmwide goals.

Key responsibilities :

• Lead day-to-day asset management of operational and development-stage data center investments.
• Monitor asset performance against underwriting and business plans; identify value creation and risk mitigation opportunities.
• Partner with operating teams, leasing agents, and internal groups on leasing, capex, tenant relations, and operational KPIs.
• Manage quarterly asset valuations, investor reports, and performance dashboards.
• Support ESG initiatives, compliance, and efficiency efforts.
• Assist in underwriting and due diligence for new acquisitions or recapitalizations.
• Help prepare investment committee materials and financial packages.
• Contribute to portfolio strategy, hold / sell analyses, and capital recycling planning.
• Conduct macro and micro research on data center markets, tenant trends, and emerging technologies.

Who You Are

Skills That Will Help You Stand Out

Job Level

We're open to talent at either the Vice President or Director level, depending on depth of experience. The qualifications listed above reflect the minimum requirements for the Vice President level, which is the more junior of the two.

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)

123000 - $185000 / 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

Location

We're open to candidates based in any of the following office locations : Des Moines (Global Headquarters), Chicago, or New York. Hybrid and in-office work arrangements are available at each location. We're also open to remote work, depending on the role and candidate location. Final work arrangements will be determined in partnership with your leader, based on team collaboration needs, responsibilities, and geography.

Work Authorization / Sponsorship

At this time, we're not considering candidates 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.

https : / / www.uscis.gov / working-in-the-united-states / temporary-nonimmigrant-workers and https : / / www.uscis.gov / green-card / green-card-eligibility / green-card-for-employment-based-immigrants

Investment Code of Ethics

For Principal Global Investors 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

While our expertise spans the globe, we're bound by one common purpose : to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees - individually and all of us together. Explore our core values, benefits and why we're an exceptional place to grow your career.

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 / 29 / 2025

Most Recently Posted Date

7 / 29 / 2025

LinkedIn Remote Hashtag

LI-Remote