Junior Fund Associate - European Real Estate Income (Long Lease Property)

At M&G our vision is: to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision we're looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.

We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

What you can expect from us:
We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:

• Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
• Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
• Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
• Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

How do we support our employees:
All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualified professionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support.

Unique opportunity to join M&G's market-leading long lease investment team with a portfolio of around €10bn AUM across traditional and alternative sectors. The team of 17 professionals run a number of external funds and segregated mandates, in partnership with M&G's Private Credit, Real Estate and Research teams. Growth of the European Secured Property Income Fund has driven a requirement for a junior associate to work across all aspects of the funds activity.

The Role

• Working on the European Long Lease Fund which has grown to c€700m over 6 years, with 38 assets across 10 countries in continental Europe
• Involvement in all aspect of day to day Fund Management, including internal and external reporting, cashflow management, asset management and ESG initiatives
• Take a key role in analysing transactions, working directly with investment surveyors, credit analysts and fund managers to assess value and likely returns
• Assist in capital raising, marketing and investor communications

Key Responsibilities

• Analysis of suitable new investment opportunities and making purchase recommendations
• Assist in the preparation of investment committee papers and appropriate deal analytics
• Monitor and ensure compliance with the investment policies and restrictions of the fund
• Assist in the provision of adequate investor, consultant, compliance and internal reporting
• Assisting with capital management (capital queue management, drawdowns, payments, reporting, etc.)
• Develop and maintain strong relationships with key internal stakeholders and external service partners
• Assist in active management of existing properties

Job & Personal Skills

This role will be suitable for someone who has an interest in European Commercial Real Estate from an investor perspective, transacting and managing a portfolio of diverse real estate assets and dealing with a sophisticated institutional investor base. It is recognised that candidates may not have specific experience in long lease property.

Key skills include:

• Strong interest in continental European Real Estate, with prior experience preferred
• Strong analytical skills and attention to detail
• Highly numerate , ability to analyse and model property cash flows
• Good level of proficiency in Excel and sound financial modelling skills
• Excellent oral and written communication skills
• Highly motivated: ability to work independently and use initiative
• Team oriented/ability to work across different business units
• Ability to prioritise, meet deadlines and work under pressure
• Flexible approach to role and responsibilities within a growing business

Desirable attributes include:

• Understanding/previous experience of continental European property markets
• Relevant foreign language
• Knowledge of credit analysis and ratings/alternative asset classes
• Likely to be degree educated and have/studying towards a professional qualification

Work Level: Experienced Colleague
Recruiter Name: Emily Northcott

We live by four behaviours at M&G and we ask all our employees to:

• Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
• Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
• Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
• Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things