Investment Associate

3w3 weeks ago

Prudential Financial

London, GB · Full-time · £70,000 – £100,000

About this role

As the Global Asset Management business of Prudential, PGIM Real Estate is passionate about making a meaningful impact and solving financial challenges. We believe talent is key to achieving our vision, building a culture on respect and collaboration. Join a dedicated team that's investing in your future by shaping tomorrow today.

The role initially focuses on UK operational real estate such as student accommodation, single family housing, care homes, self-storage, and hotels in joint ventures. Later opportunities span all sectors including office, retail, industrial, and residential. Develop a deep understanding of the UK real estate investment market to source and underwrite opportunities.

Assist in financial models, market research, property assessments, due diligence reviews, and investment memorandums for committees. Communicate with internal and external stakeholders while monitoring property performance and ensuring loan covenant compliance. Prepare authorization memos for sales, budgets, refinances, and leases.

Unlock a motivating and impactful career at one of the world’s leading global asset managers. Grow your skills and advance your profession in a diverse and inclusive culture. If you’re not afraid to think differently and challenge the status quo, at PGIM, You Can!

Requirements

Masters degree in real assets or finance
4/5 years’ relevant work experience in direct real estate or real asset finance
Demonstrable analytical and technical skills as well as very strong verbal and written English
Experience in operational real estate, particularly residential, care homes, student, self-storage and joint venture investing

Responsibilities

Develop a deep understanding of the UK real estate investment market and source and underwrite investment opportunities
Include debt into cashflows and generate loan covenant analysis using cashflow projections
Assist in the development and management of financial models, market research, detailed property assessments, and review of due diligence reports
Prepare investment memorandums for internal and external investment committees and communicate with stakeholders
Conduct quarterly review of appraisals for factual accuracy and articulate valuation changes
Monitor property performance through monthly operating reports and ensure compliance with loan covenants
Prepare authorization memos including sales memos, budget increases, loan refinance memos, and lease approval memos

Benefits

Private Medical Insurance with PGIM paying the full premium
Annual Leave of 25 to 28 days based on years of service
Retirement Savings Plan with 10% company contribution of basic annual salary and maximum 5% employer-matching
Life Assurance for 8 times basic annual salary up to £1.8 million and Income Protection at 75% of basic annual salary for 5 years