Real Estate Investment Associate, Prudential

Job Title	Real Estate Investment Associate
Employer	Prudential
Job Type	Full Time
Location	London, UK
Industry	Investment Banking
Experience	0-3 Years
Languages	English
Deadline	Wednesday 17th February 2016

Parent Group:
Prudential Financial, Inc.
Business Unit:
Pramerica Real Estate Investors Limited, based in London.
Business Activity:
Fund Management, specialised in real estate.
Job Posting Date:  25 January 2016  
Job Closing Date:  24 February 2016  
Job Reference:      PREIA0116
A.        ABOUT US

About Pramerica Real Estate Investors
·      Pramerica Real Estate Investors is the global real estate investment business of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, Pramerica has real estate professionals in 18 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of $61.5 billion ($45.7 billion net) as of June 30, 2015. Pramerica’s tenured team offers to its global client base a broad range of real estate investment vehicles that span the risk-return spectrum across core, core plus, value-add, debt, securities, and specialized investment strategies. For more information, visit . Since 1982, Pramerica’s European business has built a real estate investment management platform of approximately US$7.7 billion gross assets under management (US$5.7 net – as at Sept 30, 2015) with offices in Frankfurt, London, Luxembourg, Munich and Paris

·      The strategies are created from the same collaboration, innovation, research and discipline that built Pramerica. Pramerica creates products that help clients capitalise on potential real estate investment opportunities around the world in specific regions, countries and key markets. And by pursuing new partnerships with regional specialists, it identifies and develops strategies in both established and emerging markets, creating even more opportunity and adding even more value for our investors

·      Pramerica has expertise in all major real estate types, namely office, retail, residential and industrial properties as well as some emerging asset classes such as senior housing and self-storage, which are represented through a variety of investment structures

·      The product line is designed for investors looking for exposure to Europe’s best commercial property investments. Strategies which range across the risk spectrum from core property investing through opportunistic include: closed-end commingled, separate accounts, mezzanine debt and preferred equity, JVs, and specialised products

About Pramerica Financial
·      Pramerica Financial is a trade name used by Prudential Financial, Inc., a company incorporated and with its principal place of business in the United States, and its affiliates in select countries outside the United States.  PFI (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of September 30, 2015, has operations in the United States, Asia, Europe, and Latin America. PFI’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., the company’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century.  For more information, please visit PFI of the United States is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom.

B.        ABOUT THE ROLE – PRINCIPAL RESPONSIBILITIES

The role will be based in Central London though the candidate will also gain exposure to a variety of European countries (across the UK and Continental Europe) and sectors (office, retail, industrial, logistics, residential, self storage, hotels, and other). The role will include the following:
·      Support senior team members in investing in real estate opportunities (across the various equity and debt mandates and multiple jurisdictions); support will span from initial deal analysis, through to full transaction underwriting, investment committee papers, due diligence, and closing.
·      Construction / management of financial models, market research, detailed property assessment / underwrite, review of due diligence reports, preparation of deal memorandums for internal and external investment committees, implementing and maintaining tax efficient corporate ownership structures, and communication with external parties (to include advisors, borrowers, lenders, partners, etc); role to also include involvement in ongoing fund management (working with portfolio managers) as well as ad hoc financial analysis for the capital markets team.

C.        ABOUT YOU

·      Bachelors degree required with concentrations in Mathematics, Economics, Finance or Statistics
·      Education to include a masters level degree, and specifically in real estate or corporate finance
·      Relevant work experience in direct real estate investment and/or real estate finance within the European market, including substantially in the UK
·      Highly numerate with excellent analytical skills including property underwriting, understanding of capital structures, real estate junior financing, corporate financial statements analysis and taxation
·      High level of technical skills which must include Excel cashflow modelling with ability to create models from scratch for direct, preferred equity, mezzanine, joint venture and/or corporate investment deals, including sensitivity analysis, VBA macro writing, PowerPoint presentation production, Argus / Circle training, proficient in using Word to prepare investment committee memos; formal Excel training module / course covering cashflow modelling also preferred
·      Must have demonstrated good verbal and written skills
·      Must have demonstrated inter-personal skills to deal professionally, with credibility, integrity and confidently with senior executives
·      Must have a robust character to deal with demanding but fair-minded colleagues and partners
·      Must be a team player with professional work attitude, sense of humour and high business ethics principles
D.        FINANCIAL CONSIDERATIONS

·      6 month probation period
·      Competitive salary
·      Discretionary bonus scheme
·      Pension scheme
·      24 days paid holiday per calendar year
·      Other standard benefits including Life Cover and Private Medical Cover

About Prudential

Prudential plc is a British multinational life insurance and financial services company headquartered in London, United Kingdom