Asset & Wealth Management -Infrastructure and Real Estate Co-investment - Associate

Job description

Key Responsibilities

Deal Underwriting & Execution: Support the evaluation and execution of infrastructure and real estate transactions, with a focus on GP-first underwriting and validation of deal points. Develop detailed financial models and underwriting analyses. This includes asset- and project-level DCFs, capital structure analyses, scenario and sensitivity assessments, and returns attribution. Coordinate multidisciplinary due diligence streams, including commercial, legal, technical, and tax structuring.

Draft high-quality Investment Committee materials (IC memos, investment notes, diligence summaries), presenting recommendations, key risks, mitigants, and proposed structures.

Portfolio Management & Monitoring

Monitor investment performance and associated risks. Review GP and asset manager reports. Engage with sponsors and GPs on performance drivers, value-creation initiatives, operational issues, and refinancing or exit planning. Maintain and enhance portfolio monitoring tools and reports, including quarterly updates, valuation commentary, risk dashboards, and exposure analytics. Support ongoing governance processes and coordinate internal approvals required for material portfolio actions.

Required Qualifications, Skills and Capabilities

Strong understanding of infrastructure and/or real estate investing, with the ability to underwrite cash-flowing real assets and assess downside protection, resilience, and exit options. Advanced financial modeling and valuation capabilities, including asset/project-level DCF and scenario/sensitivity analysis, capital structure modeling, and secondaries analytics (look-through exposure, NAV bridge/roll-forward, pricing to target IRR/MOIC).

Working knowledge of real asset-specific diligence considerations

Infrastructure: contract structures (availability vs. volume/merchant), inflation linkage, concession life, lifecycle capex, O&M.

Real estate

NOI build, lease roll, market vs. in-place rents, cap rates/reversion, and debt underwriting metrics (LTV/DSCR). Strong transaction management skills, with the ability to manage multiple workstreams, prioritize under tight timelines, and communicate clearly with internal partners and external counterparties. Excellent written and verbal communication skills, with the ability to produce concise, decision-useful Investment Committee materials and portfolio updates.

Ability to collaborate effectively within a team environment. Demonstrated judgment, integrity, and a strong risk mindset; comfortable operating in a controlled approval environment. 4+ years of experience in infrastructure, real estate, and/or private equity investments, including direct investments, secondaries, co-investments, or investment banking roles. Bachelor’s degree required, preferably in finance, economics, engineering, real assets or quantitative fields.

Preferred Qualifications, Skills and Capabilities

An MBA and/or professional certifications (CFA/CAIA) are a plus.