Real Estate Analyst

Role overview

This position sits within the Real Estate function of a large asset manager overseeing more than £55 billion in assets under management. The business is a partnership of Local Government Pension Scheme (LGPS) funds investing across public and private markets, including equities, fixed income, credit and real assets. Responsible investment is built into the way the firm invests and stewards capital.

Working from London, the Analyst will help with portfolio management, underwriting new investments, ongoing monitoring and reporting across the Real Estate asset class. The role is designed to develop core investment capability step by step, with increasing scope to form and present independent views and recommendations over time.

Portfolio management and reporting

• Support internal and external reporting work, such as quarterly reviews of the asset class and client-facing updates, while offering independent observations where useful.
• Track portfolio performance, exposures and risk across real estate holdings.
• Assist with cashflow forecasts, performance measurement and pipeline oversight.
• Contribute to portfolio construction using both qualitative and quantitative analysis.
• Monitor the real estate team inbox, sort requests, and make sure issues are handled promptly or escalated when needed.
• Help identify and close out corporate governance tasks, including monitoring manager deliverables, consents and related governance processes.

Investment underwriting and monitoring

• Assist in evaluating investment opportunities across funds, co-investments and direct assets.
• Take part in monitoring and underwriting discussions, including preparation beforehand.
• Review due diligence materials from managers, such as financial models and investment documents.
• Prepare investment summaries and monitoring notes.
• Develop your own views and recommendations for discussion with senior colleagues.

Data and systems

• Support the data processes that sit behind underwriting, monitoring and reporting.
• Keep investment data, systems and records accurate and aligned with internal procedures.
• Help improve data quality and the efficiency of reporting processes.

ESG and responsible investment

• Help integrate ESG considerations into underwriting and monitoring workflows.
• Assist with ESG data gathering and stewardship tracking.
• Contribute to responsible investment reporting when required.

Stakeholder engagement and team contribution

• Work closely with the wider Real Assets platform and other investment teams.
• Develop and maintain relationships with internal stakeholders, fund managers and advisers.
• Support process improvement efforts and share knowledge with the team.

Experience and background

Relevant experience in real estate, investments, advisory work or a related area is expected. Prior exposure to investment underwriting, monitoring or financial modelling would be an advantage. A strong understanding of real estate markets is preferred, and familiarity with fund structures and manager-led investing is helpful.

A degree level qualification is expected, ideally in Real Estate, Finance, Economics, Mathematics or a similar discipline. Postgraduate study or professional credentials such as MRICS, CFA, CAIA or equivalent are considered a plus.

The role calls for strong quantitative ability and working knowledge of Excel, including the capability to build and interpret investment models. You should also be able to write clear, structured investment commentary and combine numerical analysis with qualitative judgement to form balanced views. Knowledge of real estate investment strategies, capital markets, wider asset classes and fund manager universes is desirable, as is the ability to review investment materials, distil complex information and draw logical conclusions.

Strong written and verbal communication skills are important, along with a collaborative approach and the ability to work effectively across investment and client-facing teams.

Why this opportunity stands out

• You will gain exposure to a large and complex investment portfolio managed at significant scale.
• The role offers a structured development path with growing autonomy and responsibility.
• ESG and responsible investment are part of the investment process rather than a separate function.
• The organisation works with a flexible model that combines office and home working, and the culture is described by employees as shaped by people, flexibility and collaboration.
• Reasonable adjustments to working arrangements are available for candidates with disabilities.

Application information

This vacancy is based in London and is referenced as Job Ref P0510. Candidates should use the relevant application channel and include the job number when applying.

About the platform

This role was shared through a careers platform focused on private equity opportunities and market context for professionals navigating the hiring landscape.