Real Estate Investment Associate

1w1 week ago

PGIM

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

About this role

PGIM, the Global Asset Management business of Prudential, features a diverse and inclusive culture. We're passionate about making a meaningful impact, touching millions of lives and solving financial challenges. Join to unlock a motivating career at a leading global asset manager.

The role focuses initially on UK operational real estate like student accommodation, single family housing, care homes, self-storage, and hotels in joint ventures. Source and underwrite opportunities with deep market understanding. Later expand across all sectors including office, retail, industrial, and residential.

Assist in developing financial models, market research, property assessments, due diligence reviews, and investment memorandums. Communicate with internal and external stakeholders while monitoring performance and compliance. Collaborate with portfolio managers, asset managers, and capital markets teams.

Build skills in a respectful, collaborative environment that challenges the status quo. Grow professionally with opportunities in joint ventures and broader sectors. PGIM invests in your future by shaping tomorrow today.

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 accommodation, self-storage and joint venture investing

Responsibilities

Source and underwrite investment opportunities with deep understanding of the UK real estate investment market
Include debt into cashflows and generate loan covenant analysis using cashflow projections
Assist in development and management of financial models, market research, detailed property assessments
Review due diligence reports, prepare investment memorandums for investment committees, 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, lease approval memos

Benefits

Private Medical Insurance with full premium paid by PGIM
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
Income Protection at 75% of basic annual salary for a limited payment term of 5 years