PGIM Real Estate | Investment Associate

Prudential Financial; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading global asset management company seeks a candidate for a role focusing on UK operational real estate, including sourcing and underwriting investment opportunities. Candidates should have a Master's degree and relevant experience in real estate finance. The position offers benefits such as private medical insurance, generous annual leave, and a retirement savings plan.

Benefits

Private Medical Insurance

Annual Leave of 25 to 28 days

Retirement Savings Plan

Life Assurance & Income Protection

Qualifications

• 4/5 years’ relevant work experience in direct real estate or real asset finance.
• Experience in operational real estate, particularly residential and joint venture investing.
• Demonstrable analytical and technical skills.

Responsibilities

• Focus on UK operational real estate.
• Source and underwrite investment opportunities.
• Prepare investment memorandums for committees.

Skills

Analytical skills

Technical skills

Verbal communication

Written communication

Education

Masters degree in real assets or finance

Job description

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Client:

Location:

London, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

7b8c91c5ff73

Job Views:

18

Posted:

12.08.2025

Expiry Date:

26.09.2025

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Job Description:

As the Global Asset Management business of Prudential, we’re always looking for ways to improve financial services. We’re passionate about making a meaningful impact - touching the lives of millions and solving financial challenges in an ever-changing world.

We also believe talent is key to achieving our vision and are intentional about building a culture on respect and collaboration. When you join PGIM, you’ll unlock a motivating and impactful career – all while growing your skills and advancing your profession at one of the world’s leading global asset managers!

If you’re not afraid to think differently and challenge the status quo, come and be a part of a dedicated team that’s investing in your future by shaping tomorrow today. At PGIM, You Can!

What you will do

The candidate will initially focus on UK operational real estate (e.g., student accommodation, single family housing, care homes, self-storage, hotels etc.) in joint ventures, with opportunities later to work across all sectors (office, retail, industrial, residential, etc.). The role will include the following:

A deep understanding of the UK real estate investment market and able to source and underwrite investment opportunities.

Ability to include debt into cashflows and generate loan covenant analysis using cashflow projections.

Assisting in the development and management of financial models, market research, detailed property assessments, review of due diligence reports, preparation of investment memorandums for internal and external investment committees, and communication with various stakeholders (both internal and external).

May also include involvement in ongoing performance reporting (working with Portfolio Managers), asset management (working with Asset Managers), as well as involvement with the capital markets team, on an ad hoc basis.

Quarterly review of appraisals for factual accuracy and ability to articulate valuation changes.

Monitoring property performance through the review of the monthly operating reports and ensure compliance with loan covenants or raise issues with fund team.

Preparation of authorization memos – sales memos, budget increases, loan refinance memos, lease approval memos.

What you will bring

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.

*PGIM welcomes all applicants, even if you don't meet every requirement. If your skills align with the role, we encourage you to apply.

What we offer you

Private Medical Insurance: PGIM offers private medical insurance and pays the full premium on behalf of all employees.

Annual Leave of 25 to 28 days, based on years of service, at full pay.

Retirement Savings Plan: Employees receive a company contribution of 10% basic annual salary and a maximum employer-matching contribution of 5% of basic annual salary.

Life Assurance & Income Protection: Life Assurance for 8 times your basic annual salary, up to a max benefit of £1.8million. 75% of your basic annual salary for a limited payment term of 5 years, at the end of which a capital sum of 2x your basic annual salary is payable.