Graduate; Year 1 Analyst, Real Estate Investments

Country:
United Kingdom

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 combines the best of complementary worlds, technology and expertise, to provide optimal solutions for clients.

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 be responsible for helping to build financial models, researching property markets, supporting the team with investment deals, tracking and reporting on investment performance and contributing to wider projects. The role will support the origination, underwriting, execution and monitoring of real estate equity, real estate debt and corporate capital solutions transactions across Europe.

This is a front‑office investment role with significant responsibility, exposure to senior leadership, and involvement in high‑conviction opportunities from day one.

You will be combining this practical experience with demanding training on both technical and interpersonal skills, helping your all‑round development during the program.

As part of the Investment
20/20 programme, you will also have opportunities to meet and network with around 300 trainees across the industry and participate in socials, networking and insight events.

Based in London, you will become part of an international business working with teams across different geographies.

• 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, comparables, sponsor capabilities, and asset‑level fundamentals
• Deal Execution
• Support due diligence work streams (commercial, technical, legal, financial)
• Coordinate external advisers and review third‑party reports
• Prepare materials for 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

This role would be suitable for recent graduates or those with up to two years’ experience with a strong academic background and interest in Finance, Economics, Real Estate, Engineering, Mathematics or related fields, in addition to:

• 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—whether through coursework, internships, or practical experience.
• Being energised by opportunities to learn new skills.
• An enthusiastic team player.
• The ability to work on your own (of course we’ll provide you with all the support you need) and drive your work independently.
• The ability to communicate effectively in a face‑to‑face collaborative environment.
• Clear and effective written…