ABOUT SPP INVESTORS
Silver Pine Property Investors is an independent real estate asset and investment manager focused on living strategies in the Iberian market to deliver a full-stack solution covering the entire value chain from deal origination and equity & debt structuring, through development, asset management, and operational delivery.
Founded by Maurice Kelly and Fernando Rivero de Aguilar, and now joined by Borja Palacios as Head of Asset Management & Operations. The firm combines deep local market knowledge with institutional investment standards and a proprietary technology platform that enables data-driven decision making across the full investment lifecycle.
THE OPPORTUNITY
This is a rare opportunity to join a high-calibre founding team at an early and defining stage of the firm's growth. As Senior Analyst / Associate, you will be the primary analytical resource for the investment team owning financial underwriting, leading due diligence processes, and contributing directly to asset management and investor reporting.
You will work directly alongside the founding partners on every transaction, gaining exposure to the full investment lifecycle in a way that is simply not possible at a larger institution. For the right candidate, this role offers an accelerated career trajectory and meaningful participation in the firm's long-term success.
Silver Pine Property Investors is at a pivotal moment actively deploying capital, building its portfolio, and scaling its team. The Senior Analyst / Associate joining will play a central role in shaping the firm's analytical rigour, reporting standards, and internal processes as the platform grows.
KEY RESPONSIBILITIES
Investment
▪ Lead financial modelling and underwriting of new acquisition and development opportunities, including DCF analysis, development appraisals, and capital structure waterfalls
▪ Prepare investment committee memoranda and deal summaries, presenting a clear recommendation with supporting analysis
▪ Coordinate due diligence processes across legal, technical, and financial workstreams, managing external advisors and timelines
▪ Conduct market research and submarket analysis to support deal origination and investment decisions
▪ Maintain and develop the firm's investment pipeline tracker and proprietary deal database
Asset Management & Reporting
▪ Monitor and analyse asset-level performance against business plan, identifying variances and recommending corrective actions
▪ Support the preparation of investor reporting packs, LP quarterly updates, and fund performance materials
▪ Liaise with external advisors including legal counsel, valuers, technical consultants, and financing banks
▪ Contribute to the continuous improvement of our financial models, templates, and internal reporting tools
▪ Support the Senior team on financing processes including debt structuring, lender negotiations, and drawdown management
CANDIDATE PROFILE
Essential
▪ 3 to 5 years of experience in real estate investment, asset management, or real estate advisory at a recognised firm
▪ Exceptional financial modelling skills, able to build complex, multi-scenario models from scratch in Excel, including development appraisals, DCF valuations, and equity waterfall structures
▪ Strong understanding of real estate investment fundamentals: valuation methodologies, capital structures, and return metrics including IRR, equity multiple, and yield on cost
▪ Ability to work independently, managing multiple workstreams and deadlines simultaneously with minimal supervision
▪ Fluent in Spanish and English both written and spoken to professional standard
▪ Degree in Real Estate, Finance, Economics, Business, Architecture, or Engineering from a recognised institution
Highly Valued
▪ Direct experience in living assets Build to Rent, Flex Living, Build to Sell, co-living, or student housing
▪ Prior experience in a principal investing role asset manager, fund manager, family office, or real estate private equity
▪ Exposure to development projects including planning processes, construction monitoring, and delivery coordination
▪ Knowledge of ESG frameworks in real estate including BREEAM, GRESB, and EU Taxonomy requirements
▪ Proficiency in leveraging AI tools to enhance productivity and analysis
▪ Experience with debt financing processes term sheets, lender due diligence, and facility management
▪ Portuguese language skills an advantage given SPP's Iberian mandate
▪ Master's degree in Real Estate from IE Business School, ICADE, UPM, or an internationally recognised programme
WHERE WE EXPECT TO FIND YOU
The ideal candidate is currently 3 to 5 years into their career at one of the following types of organisation and ready to take a significant step up in responsibility, ownership, and impact:
▪ A real estate investment management or fund management platform working on acquisitions, asset management, or fund operations
▪ A real estate private equity, family office, or developer with institutional standards principal investing experience at any scale
▪ A Big 4 real estate advisory or corporate finance team with a desire to move to the principal investing side
▪ A leading real estate advisory firm capital markets, valuation, or investment advisory, with strong transactional exposure
WHAT WE OFFER
▪ Direct mentorship from a founding team with deep experience across the full real estate investment, development, and operational lifecycle
▪ End-to-end deal exposure from origination through exit the breadth of experience typically only available to much more senior professionals at larger firms
▪ Participation in the firm's long-term carry and co-investment programme; meaningful economic alignment with the firm's success
▪ A fast-moving, entrepreneurial environment where your contribution is visible and valued from day one
▪ Competitive base salary benchmarked to institutional real estate firms, complemented by performance-linked compensation
▪ A clear path to growing with the firm scales its assets under management and expands its team
▪ Madrid-based role, with travel across the Iberian Peninsula and to international investor markets as required
HOW TO APPLY
Please send your CV and a brief covering note explaining your interest in Silver Pine Property Investors and the Iberian living sector to:
careers@sppinvestors.com
Applications are reviewed on a rolling basis. Early applications are strongly encouraged.
