Managing Director - Commercial Mortgage Servicing & Closing chez Principal Financial Group

What You'll Do:

We’re looking for a Managing Director, Commercial Mortgage Servicing & Closing to join our Private Real Estate Commercial Mortgage Servicing team. In this role, you’ll manage and direct Commercial Mortgage Servicing (excludes Special Servicing), Private Debt Closing, and the Debt Administration teams  

• Management of up to $5 billion in annual debt closings plus a $30B commercial loan servicing portfolio inclusive of core, construction, high yield (mezzanine, B note and full debt stack) loans for affiliated, 3rd party, CMBS securitization, debt fund and private REIT clients.  

• Provide leadership needed to evaluate market conditions, identify resource needs, define business plans and implement key projects. Proactively pursue opportunities for new business and product/process enhancements. 

• Responsible for developing and implementing strategies, policies and practices to provide best-in-class service and execution to our borrowers and clients.  Lead strategic initiatives to research, create and implement actions for improvement and success of the operations 

• Maintain knowledge of the market and adapt the business to changes in the market environment. Credibly and professionally represent the line of business in the industry/market  

• Manage and develop leaders and other staff to maintain growth and effectiveness.  Work to foster a spirit of cooperation and teamwork across functional lines. 

• Manage the investment of applicable escrow deposits in qualified investments to maximize the earnings while appropriately managing investment risks 

Who You Are:

• Bachelor's degree or equivalent, with evidence of a strong background in finance or business 

• 15+ years of commercial real estate experience and leadership 

• Commercial real estate servicing and closing experience is highly preferred 

 

Skills That Will Help You Stand Out  

• Proven record of substantial and creative skills demonstrating technical expertise, strategic thinking, ability to develop and manage staff, and market effectively 

• Must demonstrate exemplary leadership skills 

• Requires excellent interpersonal communication skills and solid negotiation skills 

• Stellar organizational skills 

• Strong analytical skills with the ability to read, interpret, and understand contracts and other legal documents 

 

Occasional travel required. 

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:$174000 - $236000 / yearTime 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:NoAdditional Information:

Location(s)

This role will be based out of our World Headquarters located in Des Moines, IA.  

Work Environments 

This role offers the ability for in-office or hybrid (blending both office and remote work in a typical workweek) work arrangements.  For hybrid, a minimum of three days in the office is required. 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):9/5/2025Latest Post Date: Careers - US:9/5/2025 Postuler maintenant