Central London | Internship
Salary: £12 per hour
Many large corporate businesses manage their own pension funds through a variety of different investment channels. This multi-national, multi £billion turnover organisation is offering the opportunity for an undergraduate interested in a career in property investment to learn how they manage their portfolio through this 10 week paid summer internship in central London.
Working with a close-knit and experienced team, you will gain exposure to the many varied duties associated with managing both direct and indirect portfolios as well as carrying out valuable research on behalf of the team.
Where investments are made in portfolios managed by other funds, its important to understand the health of these investments and you will get involved by attending meetings with external fund managers to either review existing investments or receiving pitches on new opportunities. You will also get involved with reconciling the reported performance of these funds with that reported by the external indirect managers. More specifically you will identify discrepancies within the fund reports and then work to establish the cause of discrepancies and note for future reference. There is also a project to execute which will mean working with the analyst to develop a model for reviewing the performance potential of third party funds.
This fund has a UK property portfolio worth in the region of £700m. You will work with management companies, investment agents and occupational agents, attending meetings, taking minutes and assisting the analyst with developing analysis of this portfolio. You will provide support to the team in maintaining a deal log which means registering investment introductions, cleansing data and undertaking ad-hoc research into specific locations. Another area of focus will be income risk analysis which means researching the top 20 tenant exposures in the portfolio, reviewing information about the tenants including accounts, website, trade press and their key customers.
The strategy for the portfolio is important so you will also attend property management meetings, minute and follow up on key actions and review arrears schedules. Gaining an understanding of the authorisation process, you will clarify that transactions are in line with the business plan.
Other duties for this internship include monthly and quarterly reporting, making presentations to the wider business and supporting the analyst in developing investment monitoring and reporting including performance, risk, investment parameters and portfolio composition. You will get involved with research in to various markets, sectors and geographies including retail, office space and industrial both in the UK and in Europe and internationally. Finally you will review the listed property market to identify areas which will complementary the current portfolio e.g. specialist areas like resifential, student healthcare etc, form and review a shortlist.
Applicants will be studying towards an undergraduate degree ideally in their penultimate or final year of study. You may be completing an Economics, Finance, Real Estate, Property or Investment related degree or you may equally be studying in a different area. As long as you can demonstrate a genuine interest in this field and an aptitude to produce the level of research required for the role then your application will be welcomed.
To be successful in this role you must be a motivated self-starter with a genuine interest in a career in property investment. You must be curious with the confidence to contribute your own ideas in discussions about the fund. You will be invited to comment, sometimes in writing on quantitative data so you must be confident with numbers and analytical in your approach.
Please use the personal statement part of your Step profile to demonstrate your interest in and suitability for the role as described above. Your supporting statement should be no more than 500 words and should be tailored to this role.
Telephone screening is due to take place towards the end of March when you will be given further information about the identity of the employer, with face to face interviews taking place at the beginning of April.
We reserve the right to close the role early so your early application is encouraged.