PIMCO Prime Real Estate (formerly Allianz Real Estate) develops and executes global real estate portfolios of both direct and indirect real estate investments and senior and transitional commercial real estate loans / private debt on behalf of the Allianz companies and third party investors.

As long-term investor and manager of real estate, PIMCO Prime Real Estate’s heritage is in Europe and complemented by the global footprint that the company holds today. Our focus is on creating a sustainable and resilient portfolio comprising high-quality, well-located assets fit for the future.

Launched in 2011, PIMCO Prime Real Estate´s European Debt portfolio is a fastest growing business line and reached c. €13bn of assets under management by the end of 2023. The debt program targets pan-European opportunities with a focus on floating and fixed-rate maturities ranging from 3 to 20 years. The investment portfolio is diversified both geographically and with respect to asset classes covering offices, student housing, logistics, retail, hotel, life sciences and multi-family/residential for core, core plus, value add and construction strategies.

This is a strong opportunity to join in as a Working Student the very dynamic and international Debt Origination team located in Paris, France, covering top-tier sponsors (e.g. REITS, Private Equity funds, Real Estate Asset Managers) throughout continental Europe and the United Kingdom and providing tailored-made financing solutions ranging from EUR 100mn to EUR 500mn for stabilized or transitional/ground-up developments transactions.

Key responsibilities:

The suitable candidate will play an important role in supporting the Debt Team’s pan-European loan origination efforts by analyzing and executing real estate mortgage loans, jointly with junior and senior members of the team, on both internal and external duties, from first discussions with clients down to signing and closing of the transactions. Namely:

• analysis and understanding of pros and cons of the financing opportunities
• cash-flow modelling
• internal rating
• definition of main financing conditions (leverage, repayment, security package, etc)
• set-up of internal approval documents for committee presentation (deal description, market analysis, KYC, cash-flow outputs & break-even analysis, etc)
• preparation of the financing offer (term-sheet)
• due diligence process, including review of the legal documentation

Key Requirements:

• Student in gap year (césure) or last year of a master degree in a business school / university, engineering/sciences school / university
• Strong quantitative and computer skills.

• Excellent communication skills (both oral and written) in English and interpersonal skills.
• Results oriented with good organizational skills
• First experience or strong interest in real estate or financing expected
• 2nd European language is a bonus (eg German, French, Spanish or Italian) but not compulsory. French is not compulsory for this position.

Additional information:

• Position to be filled as from September 2024 (flexible start date i.e. earlier than September is a possibility).
• Preferably 12 to 24 months
• Location: Paris inner city (boulevard Haussmann)

As of September 2022. All figures in USD. 1AUM includes $97.5B 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 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.