We have a really exciting opportunity for a graduate to join our Deva‑SAI Investment team as a Year 1 Analyst, working with our Real Estate teams in Equity, debt and Corporate Capital Solutions in London. In this role you will build financial models, research property markets, support investment deals, track and report on investment performance, and contribute to wider projects. The role supports the origination, underwriting, execution, and monitoring of real‑estate equity, real‑estate debt and corporate capital solutions transactions across Europe. It is a front‑office investment role with significant responsibility, exposure to senior leadership, and involvement in high‑conviction opportunities from day one. You will combine practical experience with demanding training on technical and interpersonal skills, helping your all‑round development during the program. As part of the Investment20/20 programme, you will also meet and network with around 300 trainees across the industry and participate in socials, networking and insight events. The programme is based in London and you will become part of an international business working with teams across different geographies.
What You Will Do
- Underwriting & Modelling
- Build and update cash‑flow models for equity, debt and hybrid transactions.
- Conduct loan sizing, sensitivity analysis, business plan underwriting and capital‑stack analysis.
- Market & Asset Analysis
- Perform sector research and market mapping across major European markets.
- Analyse supply/demand dynamics, comparable, sponsor capabilities and asset‑level fundamentals.
- Deal Execution
- Support due diligence workstreams (commercial, technical, legal, financial).
- Coordinate external advisers and review third‑party reports.
- Prepare materials for the Investment Committee and senior executives.
- Portfolio Management
- Track asset‑level KPIs, sponsor reporting, covenant compliance and performance drivers.
- Maintain portfolio dashboards and analytical tools.
- Strategic & Platform Support
- Contribute to thematic research, product development and sector‑specific insights.
- Assist with materials for senior management, partners and external stakeholders.
Candidate Profile
- Recent graduate or up to two years of experience with a strong academic background in Finance, Economics, Real Estate, Engineering, Mathematics or related fields.
- Previous experience or internships in real estate, private equity or areas such as investment banking and private credit.
- Deep interest in real estate and private markets.
- Familiarity with financial modelling (through coursework, internships or practical experience).
- Energised by opportunities to learn new skills.
- Enthusiastic team player.
- Self‑motivated and able to drive work independently.
- Effective communicator in a face‑to‑face collaborative environment.
- Clear and effective written communication skills.
- Ability to plan time and manage competing priorities within a fast‑paced environment.
- Analytical approach with good attention to detail.
- During the final interview you may be assessed on Excel and modelling skills and asked to prepare an investment recommendation for presentation.
- Passes 18th birthday and is eligible to work in the UK.
Please note that, while we know AI is an increasingly useful tool, the purpose of these questions is to give you an opportunity to tell us more about you and how you think. It is important that your answers help us get to know you, so please do not submit wholly AI‑generated answers.
Why Join Us
- Direct involvement in live transactions across Europe.
- Exposure to equity, debt and corporate hybrid structures.
- Small‑team culture with senior‑level access.
- You will receive specific technical training during the first month.
How We Will Reward You
- Competitive starting salary.
- Eligible to participate in our annual bonus plan for a discretionary performance‑related bonus.
- We put 15% of salary into your pension, even if you don’t contribute yourself.
- Hybrid ways of working.
- 30 days holiday plus bank holidays.
- Company‑funded private medical and dental insurance.
- Other insurance benefits and voluntary healthcare benefits at discounted rates.
- Shopping discounts at hundreds of high‑street and online brands.
- Cycle 2 Work scheme.
Deva‑SAI is the Real Estate and Corporate Capital Solutions investment arm within Santander Alternative Investments (SAI). The platform manages €1.6bn across Real Estate Equity, Real Estate Debt and Corporate Capital Solutions, with €1.3bn deployed (c.€1bn since 2023) across more than ten countries. The team comprises 50+ professionals across London, Madrid and New York with deep experience structuring, underwriting and managing complex investments across Europe. Deva is part of Santander Alternative Investments, the Group\'s €10bn alternatives platform supported by over €4.4bn in co‑investment from Santander Group. This includes private credit, real assets, infrastructure, private equity and GP stakes. SAI forms part of Santander Asset Management (SAM), a €255bn global asset manager operating across 10 countries and with more than 50 years of experience. SAM combined technology and expertise to provide optimal solutions for clients, prioritising risk and return balance. Our behaviours underpin everything we do; we think clients, embrace change, act now, move together and speak up.
