Senior Associate, Fund Analysis (Real Estate)

Invesco Ltd.; Greater London; Hybrid; GBP 85,000 - 130,000; Full time

Benefits offered by this job

Company healthcare

Hybrid working options

Generous pension provisions

Income protection

Health and wellness benefits

Volunteering days

Enhanced parental leave

Life insurance

Annual leave

Job summary

Invesco Ltd. in London is seeking a Senior Associate, Fund Analysis (Real Estate) to join the Real Estate Investment team. You will oversee the IREEF fund model, analyse performance drivers and advise on portfolio strategy across Europe. The role covers transactions, asset management, financing and detailed investor reporting.

The position offers hybrid work, a strong benefits package, and opportunities to influence investment decisions across a leading pan-European real estate strategy.

Qualifications

• Experience in real estate investment, fund management, valuation, advisory or related field.
• Strong financial modelling and underwriting skills.
• Excellent Excel capabilities, including cash flow forecasting and scenario analysis.

Responsibilities

• Own and enhance the fund-level model including forecasting, scenario analysis and portfolio construction insights.
• Underwrite acquisitions and disposals from a fund-level perspective; evaluate opportunities with local teams.
• Review asset-level business plans; analyze budgets, variances and value-creation opportunities.
• Contribute to investment committee papers, portfolio reviews and strategic presentations.
• Understand debt structures, tax considerations and fund-level mechanics in financing decisions.
• Support quarterly investor reports and communications.

Skills

Analytical skills

Curiosity

Commercial awareness

Financial modelling

Underwriting

Excel and cash flow forecasting

Real estate valuation

European markets exposure

CFA/CAIA/RICS (plus)

Education

Real estate/finance/economics degree

Tools

Argus

Forbury

Job description

## Senior Associate, Fund Analysis (Real Estate)Applylocations: London, Londontime type: Full timeposted on: Posted Todayjob requisition id: R-14531As one of the world’s leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.# **Job Description**We have an outstanding benefits package which includes:* Company-provided healthcare* A competitive annual leave allowance* Flexible working options, including hybrid working arrangements* Generous pension provisions* Income protection* Health and wellness benefits* Volunteering days* Enhanced parental leave* Life insurance**What we are looking for**Are you passionate about real estate investing and driven by understanding what creates value across a portfolio?We’re looking for a **Senior Associate, Fund Analyst** to join our **London**‐based Real Estate Investment team! This is a unique opportunity to play a central role in the management of **IREEF**, our flagship pan-European diversified real estate fund.Working across transactions, asset management, financing, portfolio strategy and investor reporting, you'll gain exposure to the full investment lifecycle while helping shape key investment decisions. This is far more than a modelling role. We're looking for someone who is intellectually curious, commercially minded and confident forming investment views, someone who can turn complex analysis into meaningful investment insights.If you enjoy asking questions, challenging assumptions, and influencing decisions, we'd love to hear from you**Key Responsibilities****Fund & Portfolio Analysis*** Own and continually enhance the fund-level model, including performance forecasting, scenario analysis, and portfolio construction insights* Maintain a forward-looking view of fund performance, identifying key risks and opportunities across sectors and geographies* Support hold/sell recommendations, capital allocation decisions, and broader portfolio strategy initiatives* Deliver fund-level analysis and reporting, including rental and occupancy trends, valuation drivers, performance attribution, and other key portfolio metrics**Transactions & Underwriting*** Support the underwriting of acquisitions and disposals from a fund-level perspective* Partner with local transaction teams across Europe to evaluate opportunities against fund objectives and investment strategy* Challenge and flex key assumptions within complex financial models, developing downside, upside, and sensitivity scenarios to assess risk and return outcomes* Provide clear, concise, and commercially focused recommendations to support investment decisions**Asset Management & Business Planning*** Review and challenge asset-level business plans across the portfolio* Collaborate with asset management teams to understand the operational drivers influencing asset performance* Analyse budgets against actual performance, identifying variances, trends, and areas requiring attention* Identify value creation opportunities and potential risks at both asset and portfolio level**Fund Strategy & Decision Support*** Contribute to investment committee papers, portfolio reviews, and strategic presentations* Translate complex data and analysis into clear, decision-ready insights* Bring independent thinking, commercial judgement, and a constructive challenge mindset to discussions**Financing & Structure Awareness*** Work closely with finance and structured finance teams to ensure models accurately reflect debt structures, tax considerations, and fund-level mechanics* Understand and evaluate the impact of financing decisions on fund performance, risk profile, and liquidity**Investor Reporting*** Support the preparation of quarterly investor reports, performance analysis, and investor communications* Clearly articulate the key drivers of fund performance, providing insight into both outcomes and underlying trends**You'll need to have:**We're looking for someone who combines strong analytical capabilities with curiosity, commercial awareness and a desire to make an impact.* Some years of relevant experience (exceptional candidates considered outside this range)* Experience in real estate investment, fund management, valuation, advisory or a related field* Strong financial modelling and underwriting skills* Excellent Excel capabilities, including cash flow forecasting and scenario analysis* A solid understanding of real estate investment fundamentals and valuation drivers* Exposure to European real estate markets is advantageous* Experience with tools such as Argus or Forbury is helpful but not essential* A degree in Real Estate, Finance, Economics, Engineering or a related discipline* A strong academic track record* CFA, RICS or CAIA qualifications (or progress towards them) are a plus**You'll Thrive in This Role If You Are:*** Curious and naturally driven to understand the "why"* Proactive and comfortable taking ownership* Commercially minded and interested in how assets create value* Comfortable challenging assumptions and expressing your views* Able to communicate complex topics clearly and concisely* Motivated by problem-solving and continuous learning## **Why Join Us?**This role offers a rare opportunity to influence fund-level investment decisions within a leading pan-European real estate strategy.You'll benefit from:* Direct exposure to senior investment decision-making* Experience across transactions, asset management, financing and portfolio strategy* Broad exposure to multiple real estate sectors and European markets* The opportunity to shape investment outcomes, not simply analyse them* A collaborative team culture that values curiosity, ownership and independent thinkingIf you're looking for a role where your analysis directly influences investment decisions and where you'll gain broad exposure across the real estate investment lifecycle, we'd love to hear from you.**Disability Confident Scheme**Applicants who opt in to the Disability Confident Scheme and meet the ‘minimum criteria’ for the role will be offered an interview. We are committed to providing an inclusive recruitment process for all candidates who make an application. By opting-in to this scheme, applicants will be disclosing that they have a disability solely for the purpose of the Disability Confident Scheme.The Disability Confident Scheme only guarantees an interview – it does not automatically mean that applicants interviewed will gain employment with Invesco at that time.To apply through the Disability Confident Scheme, you’ll need to firstly ensure you have applied for the role via our external careers page. Following this, you’ll need to email us at [e-mail] confirming your wish to opt-in, alongside your contact details and the title of the role you wish to apply for.# **Full Time / Part Time**Full time# **Worker Type**Employee# **Job Exempt (Yes / No)**Yes # **Workplace Model**Pursuant to Invesco’s Workplace Policy, employees are expected to comply with the firm’s most current workplace model, which as of October 1, 2025, includes spending at least four full days each week working in the role's advertised office. This reflects our belief that spending time together in the office helps us build stronger relationships, collaborate more easily, and support each other’s growth and development.If this sounds like you, we’d love to hear from you! We want all of our candidates to shine during the application and selection process, so if you need any adjustments to be made, please send an e-mail to [e-mail]. Please include your name, the job you are interested in, and the type of adjustment you need (for example; breaks during your interview, remote interviews, additional time for assessments or other required adjustments)