Analyst, Real Estate

One of the key priorities at LPPI is ensuring that our people work every day in an empowered, supportive, diverse and inclusive culture. Practically, this means recognising and valuing the uniqueness of every individual in terms of background, experience, beliefs and circumstances. This starts with the recruitment process, where we partner with agencies who share our common goal and advertise on a variety of job boards to access the broadest spectrum of candidates. And once successful applicants are on board, we trust our people to work in the way that works best for them which typically involves a mix of office and home working plus an engagement model to ensure frequent two-way feedback. We are very proud of our culture at LPPI and the benefits it brings to both our people and the business.

Role Purpose

Local Pensions Partnership Investments (LPPI) is an ambitious and innovative investment management business and collective of Local Government Pension Scheme (LGPS) partner funds. Together, we combine scale, expertise and insight to deliver long-term investment performance. As of April 2026, we are responsible for over £55 billion in assets. Our clients include LGPS funds whose members represent a wide range of public-sector employers. We are driven to deliver first-class, value-for-money investment outcomes aligned to our clients’ interests, contributing to their long‑term financial security. We helped pioneer pooling strategies and continue to believe that a collaborative approach delivers stronger outcomes in today’s complex and evolving investment landscape. This collaborative approach underpins how we work day‑to‑day, combining close partnership with LGPS clients and a disciplined, institutional investment framework. We invest across public and private markets, including equities, fixed income, credit and real assets. Responsible investment is embedded in our investment philosophy and approach to stewardship.

Key Responsibilities

• The Analyst will support the team across reporting, investment underwriting, monitoring and portfolio management activities, contributing both qualitative and quantitative analysis to inform investment decision‑making.
• The role is designed to develop core investment capability, with increasing responsibility for forming independent views and recommendations.
• The Analyst will collaborate widely across the investment function and with external managers, contributing to delivering strong client outcomes within a disciplined institutional investment framework.
• Contribute to internal and external reporting, including quarterly asset class reviews and client reporting, providing independent insights where appropriate.
• Monitor portfolio performance, exposures and risk across Real Estate investments.
• Responsible for cashflow forecasting, performance tracking and pipeline monitoring.
• Support portfolio construction through qualitative and quantitative analysis.
• Monitor the Real Estate team inbox, triaging requests and ensuring timely responses and escalation where required.
• Identify and support the completion of corporate governance actions, including tracking manager deliverables, consents and other governance‑related processes.
• Support the assessment of investment opportunities across funds, co‑investments and direct assets.
• Participate in monitoring and underwriting meetings, including advance preparation.
• Review manager due diligence materials, including financial models and investment documentation.
• Produce investment write‑ups and monitoring outputs.
• Form and articulate independent views and recommendations for discussion with senior team members.

Data & Systems

• Support data management processes underpinning underwriting, monitoring and reporting.
• Maintain accurate investment data, systems and documentation in line with LPPI procedures.
• Contribute to improving data quality and reporting processes.

ESG & Responsible Investment

• Support the integration of ESG considerations into underwriting and monitoring processes.
• Assist in ESG data collection and stewardship tracking.
• Contribute to responsible investment reporting as required.

Stakeholder Engagement & Team Contribution

• Collaborate effectively across the Real Assets platform and wider investment teams.
• Build and maintain relationships with internal stakeholders, fund managers and advisers.
• Represent LPPI professionally in internal and external interactions.
• Contribute to process improvements and team knowledge sharing.

Requirements for the role

Experience

• Experience in real estate, investments, advisory or a related field.
• Preference for candidates with exposure to investment underwriting, monitoring or financial modelling.
• Strong knowledge of Real Estate markets is preferred; familiarity with fund structures and manager‑led investing is desirable.

Education & Qualifications

• Degree level educated, preferably in Real Estate, Finance, Economics or Mathematics (or a related discipline).
• Postgraduate qualifications or professional accreditations (e.g. MRICS, CFA, CAIA or equivalent) are advantageous.

Technical Skills

• Strong quantitative analysis and working knowledge of Excel, with the ability to build and interpret investment models.
• Strong report writing skills, with the ability to produce clear, structured investment write‑ups and commentary.
• Ability to combine quantitative analysis with qualitative assessment to form balanced investment views.
• Working knowledge of real estate investment strategies, capital markets and a broad understanding of asset classes and fund manager universes is desirable.
• Ability to interpret investment materials, synthesise complex information into clear insights and draw logical conclusions.

Core Competencies

• Strong written and verbal communication skills.
• Good conduct that is consistent with the LPPI values‑aligned behaviours.

Reasonable adjustments will be made to working arrangements to accommodate a person with a disability who otherwise would be prevented from undertaking the work.