Our client is looking to appoint a Credit Ratings Senior Analyst to support its Real Estate Credit investment activities.

Reporting to the Chief Investment Officer, you’ll take ownership of the internal credit rating framework, assessing risks across the existing portfolio and new investment opportunities. The role combines detailed credit analysis with portfolio monitoring, methodology development and engagement with external managers and investment stakeholders.

This is an opportunity for an experienced Real Estate Credit professional to play a key role in credit risk assessment, contribute to investment decisions and help shape the frameworks used to manage risk.

Why join?

• Exposure to senior decision-makers: report directly to the CIO and actively participate in Credit Committees.
• Technical ownership: lead the development and maintenance of internal rating criteria, methodologies and procedures.
• Varied investment exposure: assess existing holdings and new Real Estate Credit opportunities, working closely with fund managers and external parties.
• Influence risk management: contribute to the development of the Partial Internal Model for Real Estate Credit risk.

Key Responsibilities

• Develop and maintain the risk and rating framework for Real Estate Credit, ensuring risks are appropriately assessed, documented and approved.
• Analyse the existing Real Estate Credit portfolio and new investment opportunities, communicating findings and recommendations to relevant stakeholders.
• Lead annual reviews of external managers’ rating methodologies and internal portfolio ratings.
• Assess proposed transactions, including market conditions, publicly rated comparators, transaction structures and legal documentation.
• Oversee ongoing portfolio monitoring, working with fund managers to maintain effective information flows and identify emerging risks.
• Own internal rating criteria, procedures and processes, ensuring methodologies remain appropriate and consistent with external developments.
• Contribute to the development and maintenance of the Partial Internal Model for Real Estate Credit risk.
• Participate in Credit Committees, providing insight and constructive challenge on credit ratings and risk assessments.
• Maintain robust documentation of rating decisions and methodology changes to support audit readiness and regulatory compliance.
• Monitor market and regulatory developments and identify opportunities to improve data management and internal processes.

About You

• Experience in Real Estate Credit Ratings or a related credit risk role, ideally within an investment manager, asset management business or ratings agency.
• Strong understanding of Real Estate Credit risk and credit rating methodologies.
• Knowledge of the UK regulatory environment, particularly in relation to Life Insurers and investment risk.
• Experience working with external managers, investment managers and other third parties.
• Strong analytical and problem-solving skills, with the ability to communicate complex findings and challenge constructively.
• Excellent stakeholder management and presentation skills, with the confidence to engage with senior leadership.
• A structured, pragmatic approach to managing competing priorities and delivering projects.

Benefits

• 30 days’ annual leave plus bank holidays
• Annual performance-based bonus
• Competitive pension plan, with employer contributions of up to 10%
• Private medical insurance
• Hybrid working arrangements

To ensure that all candidates have a fair opportunity to show their abilities during the recruitment process, adjustments may be required. If your physical or mental health or disability may require adjustments to be made to the process, please contact the team to discuss. All information will be treated in accordance with our data protection policy.