Real Estate, Debt Associate

Nuveen Administration Ltd; London; On-site; GBP 45,000 - 85,000; Full time

Job summary

An established industry player is seeking a dedicated Associate for its Debt Strategies team in London. This role offers a unique opportunity to engage in all aspects of debt investment, from origination to portfolio management. You will collaborate with a talented team, contributing to financial modelling and due diligence processes while building strong relationships with investors. The ideal candidate will have a solid understanding of commercial real estate lending and possess excellent quantitative analysis skills. Join a forward-thinking company committed to creating outcome-focused solutions for clients and enjoy a diverse and inclusive workplace where your contributions matter.

Qualifications

• Experience in non-recourse mortgage secured commercial real estate lending.
• Strong quantitative analysis and financial modelling skills required.

Responsibilities

• Conduct due diligence, loan quote preparation, and execution of loans.
• Prepare investment committee materials and maintain loan portfolio data.
• Build relationships with investors and contribute to marketing materials.

Skills

Due Diligence

Financial Modelling

Microsoft Office (Excel, Word, PowerPoint)

Quantitative Analysis

Commercial Acumen

Multi-tasking

Networking

Project Management

Presentation Skills

Language Proficiency (German, Spanish, French, Dutch, Italian)

Education

Relevant Professional Experience (Minimum 3 years)

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future.

Overview of the Role:

The Associate of Debt Strategies role (the “Role”) is within the small, predominantly UK-based European Real Estate Debt Team (“Debt Team”). The Debt Team currently comprises six investment professionals, 4 focused on investment strategies and capital deployment and 2 on managing the portfolio of completed investments. This Debt Team is part of a larger European Debt and Debt Capital Markets team totalling 10 and including the 4 professionals managing the borrowing of the direct property business in Europe and APAC. The Debt Team operates self-sufficiently within the context of Nuveen Real Estate and the US Real Estate Debt team and with the support from functions including Investment Committee, Legal, Global Client Group, Investor Relations, Finance and Human Resources.

The Debt Team in Europe relies on each team member to be able to contribute to the execution of any loan transaction from origination to funding to portfolio management. Critically, the Role therefore requires the ability to assist/support more senior members of the team across the entire value chain of debt investment.

Key Responsibilities:

• Initial analysis, loan quote/termsheet preparation, due diligence, execution, documentation, closing of loans.
• Financial modelling of property collateral and loan waterfalls.
• Preparation of investment committee materials.
• Collecting and maintaining loan portfolio data, documents, etc.
• Analysis, documentation and approval of loan modifications.
• Investor reporting and performance monitoring.
• Preparation and updating of materials for presentation of existing and new strategies to potential investors.
• Responding to ad hoc requests from investors in relation to individual loan or fund level performance.
• Play a leading role under the oversight of more senior members of the Debt Team in analysing, structuring, underwriting, Investment Committee approval process, executing and closing debt transactions to deliver key investment and risk/reward objectives.
• Participate and contribute to pipeline discussions.
• Provide input to operational support functions where required, including loan, fund and portfolio performance measurement and compliance functions.
• Build strong real estate debt relationships with other Nuveen Real Estate and TIAA businesses across Asia, UK, Europe and the US as appropriate.
• Contribute to the preparation of marketing materials for the debt platform to raise additional capital from potential investors in collaboration with members of the Global Client Group or Placement Agents.
• Working in conjunction with other members of the Debt Team, maintain complete and well-ordered sets of data, documents and records for loans included in the portfolio.
• Assist in the preparation of best-in-class reporting to investors on a timely and accurate basis.
• Comply with governance, committee and risk management processes.

Qualifications & Experience Required:

• Experience and good understanding of the typical due diligence and legal documentation requirements for non-recourse mortgage secured commercial real estate lending, preferably across European jurisdictions.
• Excellent quantitative analysis and financial modelling skills.
• Microsoft Office - Excel, Word and PowerPoint proficiency required.
• Commercial acumen.
• Ability to multi-task and manage priorities effectively and independently with guidance and supervision, yet also work in a collaborative team environment.
• Strong oral and written English language skills.
• Proficiency in one or more other key European languages, particularly: German, Spanish, French, Dutch or Italian in line with key target markets would be viewed favourably.

Competencies Required:

• Presentation and communication skills.
• Project management and organisational skills are essential.
• Networking and communication – with investors, borrowers, service providers, and internally.
• Professional maturity, self-confidence and business judgement.
• Ability to work proactively and independently.
• Act in line with Nuveen Real Estate’s Company Values and integrity to act in the best long-term interest of clients and the company.
• Minimum 3 years of relevant professional experience.

Additional Information:

This role requires no regulatory designation.

Nuveen is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.