Location
London

Hours
Full Time

Salary
Competitive, commensurate with experience

About the Role
PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, leveraging decades of experience navigating complex debt markets. Our flexible capital base and strong issuer relationships have made us one of the world’s largest providers of traditional and nontraditional financing solutions for companies and investors seeking strong risk-adjusted returns. Since 1971, our high-performance inclusive culture celebrates diverse thinking and invests in people, guided by our CORE values of Collaboration, Openness, Responsibility, and Excellence.

PIMCO is also one of the world’s largest real estate investors, managing a $185B+ real estate platform. With over 15 years of alternatives experience, we combine investment discipline and unique sourcing capabilities with alternatives-specific talent and resources. Our strategies span hedge funds, risk-premia, private credit, and real estate across global macro, quant, commodities, credit, and residential and commercial real estate markets.

This position is part of PIMCO’s European Real Estate Debt business, a team of approximately 10 investment professionals active in sourcing, underwriting, executing, and managing real estate debt transactions across Europe. Having deployed over €4 billion of real estate debt commitments, the team invests across the capital structure and risk spectrum, including senior, whole loan, mezzanine, and development loans, and evaluates all real estate asset classes.

We are seeking a Real Estate Debt Analyst or Associate to join our investment team. The successful candidate will play a key role supporting underwriting, analysis, execution, and management of real estate debt investments across major European real estate sectors. This role offers an excellent opportunity to build a career at a leading alternative lender in the European real estate debt market, gaining exposure to a broad spectrum of transactions and markets in a fast-paced, collaborative environment.

Key responsibilities include:
- Supporting the team in reviewing investment opportunities and screening potential transactions
- Conducting thorough financial modelling and analysis of real estate debt investments
- Evaluating cash flow projections and key credit metrics
- Preparing investment memos for presentation to PIMCO investment committees
- Assisting with due diligence, including reviewing business plans and coordinating legal, technical, valuation, and other workstreams
- Conducting market research to identify risks, trends, and opportunities within European real estate markets
- Collaborating with team members to support overall investment strategy and contribute to strategic discussions

Experience
At least 1 year of relevant experience within real estate, such as real estate finance, real estate investments, M&A/investment banking, corporate finance, real estate advisory, surveying, or consulting.

About you
Strong analytical skills with high proficiency in financial modelling.
Demonstrated strong work ethic and integrity.
Proactive, self-motivated team player with deep intellectual curiosity and a desire to learn in a fast-paced environment.
Excellent analytical, interpersonal, communication, and writing skills.
Ability to prioritize and meet multiple deadlines.
Additional European languages are a plus.

Qualifications
University degree in Mathematics, Finance, Economics, Real Estate, Engineering, or a related field from a top-tier institution.