Investment Analyst

An exciting new opportunity to join our Private Markets and Real Assets team as an Investment Analyst focusing on long-term infrastructure investments. The role is a permanent position based out of our London office (hybrid working).

Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds. Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.

The Private Markets and Real Assets team is dedicated to providing acquisition, asset management and portfolio management services across infrastructure and property investments (both equity and debt) on behalf of the Railways Pension Scheme and its members. Discipline to ongoing asset management, creating and executing value-add initiatives, and originating high-quality assets are a core part of the team’s activities. This role will be responsible for delivering secure and sustainable returns by managing, optimising and de-risking high quality real asset investments in-line with client risk appetite and in a cost-conscious manner.

The candidate will have a dual responsibility across long-term asset management (of existing and future investments) and new deals (origination, diligence and execution) within infrastructure (60:40 asset management: new deal split). This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.

The successful candidate will have demonstrable experience in infrastructure investments, coming from an asset management, advisory or investment business/manager background. You will have the ability to demonstrate hands-on experience of core or core plus infrastructure assets. This may include renewables/energy, waste, social, PFI, digital, transport or other infra assets. Financial modelling and analytical skills including the ability to interpret and amend complex existing models and build new models to a high standard, is key for this role.

We are looking for somebody with a genuine interest in infrastructure assets and the ability to be selective with the opportunities and the initiatives you choose to pursue. You will utilise time efficiently, focussing resource on existing assets as a priority to preserve and optimise value. Effective communication and collaboration skills are key to this role, along with the ability to be creative and think outside the box, putting forward new ideas to make improvements.

Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members.

This role is classified as a ‘Certified Person’ under the Senior Managers and Certification Regime (SMCR) and will therefore be subject to the additional requirements prescribed by the FCA.

What we can offer you:

• 28 day annual leave plus bank holidays
• Generous annual bonus plan
• Membership of the Railways Pension Scheme, a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay
• 4x Life Assurance cover
• Private Medical Insurance
• Employee assistance programme
• Health cash plan
• Support for hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave
• Buy and sell holidays
• Give as you earn scheme
• Flexible half days leave
• Electric vehicle leasing
• Cycle to work scheme

If you would like to apply, please click on the apply button or visit our Careers Page by Tuesday 3rd February 2026. Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life.