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

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 processesterm 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

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

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📌 Senior Analyst / Associate (Madrid)
🏢 SPP Investors
📍 Madrid