Internship Analyst Asset Management (m/f/d) - Madrid

Job description

A leading global real estate investor and manager, PIMCO Prime Real Estate is a PIMCO company and part of the PIMCO real estate platform, focusing on the Core and Core+ segments of the market and managing the Allianz Group’s $89B real estate mandate.   

We manage a global investment portfolio $93.5B AUM, with an international team of  over 455 employees working in 16 offices in Belgium, China, France, Germany, Italy, Japan, Singapore, Spain, Sweden, the UK and the U.S.

PIMCO’s real estate platform is one of the largest and most diversified in the world, with $174B+¹ in assets and a broad set of solutions that leverage decades of expertise across public and private equity and debt markets.

PIMCO Prime Real Estate Spain – Internship

Address: Paseo de la Castellana, 200 – 28046 Madrid

Length: 6 months / one year / Starting date: ASAP

Work description

A six-month internship or a one-year apprenticeship is the ideal way to gain the work experience you will need to launch your career. It is also an opportunity to work with and learn from a leading global investment and asset manager and gain deep real estate industry insights in a short period of time. This will also enable you to build an initial network in the industry. From the start of the program, you will be right at the heart of the business, taking part in the day-to-day operations. You will not only learn about the business of real estate finance from top to bottom, you will also experience the unique international culture of PIMCO company and PIMCO Prime real estate community who manages real estate investments on behalf of Allianz, the world's largest investor in Real Estate.

Your main activities:

• Modelling & Analysis

- Help on sourcing and screening prospective real estate investments

- Underwrite rental assumptions, capital expenditures, leverage and tax impacts for Spanish direct acquisition

- Assist the team in the preparation of materials and presentations for the investment committees

- Support on the monitoring of due diligence process

• Market research 

- Explore real estate investment markets and mainly Madrid, Barcelona and Lisbon

- Collect and process relevant data, and develop a detailed understanding of different assets class (mainly office, retail, residential portfolios, logistic, hotel).

• Asset Management

- Help updating assumptions vs underwriting at acquisition and elaborate DCF cash flows of real estate assets during its life cycle, conduct multiple financial analyses, scenarios, sensitivities and performance calculations to facilitate and recommend decisions regarding business plans.

- Assist to define leasing, refurbishing and value creation strategy for assets

- Coordinate marketing strategies with brokers, and provide the team with market analysis of current macro and micro economic indicators

- Support on day-to-day administrative task, legal documentation and reporting duties coordinating with external parties (lawyers, accountants, property managers, etc).

Requirements:

• Education

- Academic degree in business administration, engineering combined with business degree or a specific real estate master degree.

- History of strong academic performance (especially in finance)

- Proper expertise in Pack Office (especially Excel) essential, ARGUS software and SAP knowledge will be a plus.

• Experience: A previous experience in real estate industry will be appreciated.
• Languages: Spanish and English mandatory. Another European language will be a plus.

Profile & skills

• Affinity for real estate, asset management and finance
• Ability to quickly grasp complex situations and to work with an entrepreneurial mindset
• Willingness to learn, grow and take on responsibility
• Ability to multitask and cope with competing priorities
• Ambitious, hard-working, reliable and team player
• Excellent verbal and written communication skills
• Highly organized and strong attention to detail
• Positive attitude, open-minded
• Excellent analytical skills

As of 30 September 2025. All figures in USD. ¹AUM includes $93.5B in estimated gross assets managed by PIMCO Prime Real Estate, which includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates. PIMCO Prime Real Estate LLC is a wholly-owned subsidiary of Pacific Investment Management Company LLC, and PIMCO Prime Real Estate GmbH and its affiliates are wholly-owned by PIMCO Europe GmbH. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC. PIMCO Prime Real Estate GmbH operates separately from PIMCO.