Senior Associate, Fund Analysis (Real Estate)

3000 Invesco UK Limited; Greater London; On-site; GBP 70,000 - 110,000; Full time

Benefits offered by this job

Company-provided healthcare

Competitive annual leave

Hybrid working arrangements

Generous pension provisions

Income protection

Health and wellness benefits

Volunteering days

Enhanced parental leave

Life insurance

Job summary

Invesco, a world‑leading independent global investment firm, seeks a Senior Associate, Fund Analyst in London to drive fund‑level analysis across acquisitions, asset management and investor reporting. You will shape portfolio strategy and support investment decisions with rigorous financial modelling and scenario analysis.

You’ll work with cross‑border teams across Europe, using tools like Argus/Forbury, and contribute to papers and committees while navigating debt structures, tax considerations

Qualifications

• Experience in real estate investment and fund management
• Strong financial modelling and underwriting skills
• Excel for cash flow forecasting and scenario analysis
• Strong understanding of real estate fundamentals and valuation drivers
• Exposure to European real estate markets advantageous
• Argus or Forbury experience helpful but not essential
• CFA/RICS/CAIA qualifications or progress are a plus

Responsibilities

• Own and enhance the fund-level model with forecasting and portfolio insights
• Support underwriting of acquisitions and disposals
• Review asset-level business plans and budgets
• Contribute to investment committee papers and portfolio reviews
• Coordinate with finance on debt structures and tax considerations
• Prepare quarterly investor reports and performance analyses

Skills

Financial modelling

Underwriting

Excel

Real estate knowledge

Portfolio analysis

Communication

Education

Real Estate degree

Finance degree

CFA / RICS / CAIA progress

Tools

Argus

Forbury

Job description

As 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:

• 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

• 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 thinking

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.

Employment Conditions

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.

We want all of our candidates to shine during the application and selection process.

We promote a working environment that welcomes everyone and creates inclusive teams, celebrates difference and encourages everyone to be themselves at work.

Our commitment to the community and environmental, social and governance investing: We partner with charitable organisations globally to make an impact in the communities where we live and work. Our people are encouraged to support the charities they feel most passionate about. We are also committed to environmental, social and governance (ESG) investing. We serve our clients in this space as a trusted partner both on specific responsible investment product strategies as well as part of our commitment to deliver a superior investment experience.

Regulatory: This position may fall in-scope of one or multiple regimes/directives.