Associate (m/f/d) Real Estate Asset Management

As Associate Real Estate Asset Management (m/f/d) you will join the Asset Management Germany & Austria Team, contributing to the enhancement of PIMCO Prime Real Estate’s portfolio performance by assuming asset management responsibilities for selected commercial properties. In this capacity, you will play a key role in leasing activities, business planning, capital expenditure strategies, and ESG-related initiatives.

Location
60325 Frankfurt

Job Level
Professional

Job-ID
71129

• Manage selected properties, including leasing activities and performance responsibility.
• Oversee external service providers, ensuring quality assurance of external property management services; assist in tenant relationship management.
• Support ongoing asset management, including profitability analysis during the holding phase, scenario modeling, and comprehensive reporting.
• Execute and monitor property business plans, conduct discounted cash flow (DCF) analysis, and periodically gather and document market developments and comparative rental data.
• Provide commercial support during sales processes and for transitioning investments to asset management.
• Conduct performance evaluations and ensure budget compliance (planned vs. actual).
• Direct Capex measures, maintenance/repair efforts, tenant improvements, and optimization initiatives.
• Serve as the liaison between various departments/units, such as portfolio management, accounting, tax, etc.
• Prepare internal and external meetings, including decision papers for relevant stakeholders.
• Engage in cross-departmental and international projects.

• A university degree in business, management, architecture, construction engineering, or industrial engineering; additional real estate qualifications are a plus.
• At least 2 years of relevant experience in real estate asset management.
• Proficient in MS Office and inventory management systems, such as Argus, SAP, FileNet, or similar software.
• Strong financial modeling skills.
• Detail-oriented with robust quantitative, analytical, and problem-solving abilities, ensuring a high degree of accuracy.
• Fluency in both German and English is required.
• A hands-on mentality with perseverance in completing projects and tasks.
• Good negotiation skills.
• Excellent communication and presentation abilities.

• Onboarding: A mentor, a buddy program and a global welcome event will help you getting started.
• Learning: A large portfolio of continuous learning opportunities will help you staying relevant in your current role and growing into future workplace demands.
• Working place: An open and international working environment with a diverse and inclusive culture will inspire your everyday work. A working model which balances remote and office based work will give you the flexibility to organize the way you work.
• Benefits: A company pension scheme, well-being initiatives, sports offers and other local benefits will allow you achieving a positive work life balance.

PIMCO Prime Real Estate GmbH
A company of Allianz

A leading global real estate investor and manager, PIMCO Prime Real Estate is a PIMCO company and part of the PIMCO real estate platform, focusing on the Core and Core+ segments of the market and managing the Allianz Group’s $93B+ real estate mandate.

Formerly known as Allianz Real Estate, we manage a global investment portfolio of $97.5B AUM, with an international team of over 490 employees working in 17 offices in Belgium, China, France, Germany, Italy, Japan, Singapore, Spain, Sweden, the UK and the U.S.

PIMCO’s real estate platform is one of the largest and most diversified in the world, with over $190B in assets and a broad set of solutions that leverage decades of expertise across public and private equity and debt markets.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Join us. Let's care for tomorrow.

Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.