TIAA
Real Estate, Debt Origination
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Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future. For more information about the firm please visit our website at www.Nuveen.com
Overview of the Role:
The Associate of Debt Strategies role (the “Role”) is within the London-based European Real Estate Debt Team (“Debt Team”). The Debt Team currently comprises twelve investment professionals, eight focused on investment strategies, capital deployment and fundraising and two on managing the portfolio of completed investments, and two covering Capital Markets. The Debt Team operates self-sufficiently within the context of Nuveen Real Estate’s $40B+ global debt business and with the support from functions including Equity / Fund Management, Legal, Global Client Group, Investor Relations, Finance and Research.
The Debt Team in Europe relies on each team member to be able to contribute to the execution of any loan transaction from origination to funding to portfolio management. Critically, the Role therefore requires the ability to assist/support more senior members of the team across the entire value chain of debt investment.
Key responsibilities:
- Initial analysis, loan quote/ term sheet preparation, due diligence, execution, documentation, closing of loans.
- Production and on-going maintenance of complex underwriting financial models covering a variety of asset classes (leased real estate assets, living / residential assets, operating assets) and leverage structures.
- Preparation of all relevant transaction approval materials, including final investment committee memo.
- Collecting and maintaining loan portfolio data, documents, etc.
- Investor reporting and performance monitoring.
- Preparation and updating of materials for presentation of existing and new strategies to potential investors.
- Play a leading role under the oversight of more senior members of the Debt Team in analysing, structuring, underwriting, preparing all relevant IC materials, executing and closing debt transactions to deliver key investment and risk/reward objectives.
- Mentor and supervise more junior team members.
- Participate and contribute to pipeline maintenance and discussions.
- Provide input to operational support functions where required, including loan, fund and portfolio performance measurement and compliance functions.
- Build strong real estate debt and equity relationships with other Nuveen Real Estate and TIAA businesses across Asia, UK, Europe and the US as appropriate.
- Upon request, contribute to the preparation of marketing materials for the debt platform to raise additional capital from potential investors in collaboration with members of the Global Client Group or Placement Agents.
- Working in conjunction with other members of the Debt Team, maintain complete and well-ordered sets of data, documents and records for loans included in the portfolio.
- Comply with governance, committee and risk management processes.
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Qualifications & Experience Required
- Between 3 and 8 years of relevant professional experience at an investment bank or a buy-side real estate investment management firm (equity and / or debt).
- BSc, MSc or MBA at a leading university, ideally with a major in finance and / or real estate.
- Demonstrable track record of real estate debt and / or equity transactions underwritten, structured and closed across European countries and asset classes.
- Experience and good understanding of the typical due diligence and legal documentation requirements for non-recourse mortgage secured commercial real estate lending across most European jurisdictions.
- Prior experience with loan-on-loan / back-leverage of loan investments would be very beneficial.
- Excellent quantitative analysis and financial modelling skills.
- Microsoft Office - Excel, Word and PowerPoint proficiency required.
- Experience and interest in coding languages such as VBA or Python would be viewed positively.
Competencies Required
- Rigorous attention to detail.
- Professional curiosity and a keen interest in real estate investment and finance in general.
- Ability to work proactively, multi-task and manage priorities effectively and independently across various deadlines, with minimal guidance and supervision.
- Strong oral and written English language skills.
- Proficiency in one or more other key European languages, particularly: German, Spanish, French, Dutch or Italian in line with key target markets would be viewed favourably.
- Presentation and communication skills (oral and written).
- Critical thinking.
- Ability to explain and summarise complex ideas and concepts.
- Project management and organisational skills are essential.
- Networking and communication – with investors, borrowers, service providers, and internally.
- Professional maturity, self-confidence and business judgement.
- Commercial acumen.
- Act in line with Nuveen Real Estate’s Company Values and integrity to act in the best long-term interest of clients and the company.
Additional Information
- This role requires no regulatory designation.
- Nuveen is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.
- Nuveen offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. Please contact ta@nuveenglobal.com should you require any assistance.
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Related Skills
- Business Development
- Credit Analysis
- Due Diligence
- Financial Analysis
- Investment Management
- Investment Strategy Acumen
- Opportunity Strategy
- Organizational Savviness
- Portfolio Management
- Real Estate Investments
- Underwriting
Company Overview
Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world’s largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy. Visit www.nuveen.com to learn more about us.
Our Culture of Impact
At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways—because when our people succeed, our impact on clients' lives grows stronger.
Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email: accessibility.support@tiaa.org
Privacy Notices
- For Applicants of TIAA, Nuveen and Affiliates residing in US (other than California), click here.
- For Applicants of TIAA, Nuveen and Affiliates residing in California, please click here.
- For Applicants of TIAA Global Capabilities, click here.
- For Applicants of Nuveen residing in Europe and APAC, please click here.
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