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Investment Analyst - Infrastructure
full-time•London
About this role
Investment Analyst (Infrastructure)
An exciting new opportunity to join our Private Markets and Real Assets team as an Investment Analyst focusing on long-term infrastructure investments. The role is a permanent position based out of our London office (hybrid working).
Who we are
Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds.
Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.
To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here
The role
The Private Markets and Real Assets team is dedicated to providing acquisition, asset management and portfolio management services across infrastructure and property investments (both equity and debt) on behalf of the Railways Pension Scheme and its members. Discipline to ongoing asset management, creating and executing value-add initiatives, and originating high-quality assets are a core part of the team’s activities. This role will be responsible for delivering secure and sustainable returns by managing, optimising and de-risking high quality real asset investments in-line with client risk appetite and in a cost-conscious manner.
The candidate will have a dual responsibility across long-term asset management (of existing and future investments) and new deals (origination, diligence and execution) within infrastructure (60:40 asset management: new deal split).
This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.
The person
The successful candidate will have demonstrable experience in infrastructure investments, coming from an asset management, advisory or investment business/manager background. You will have the ability to demonstrate hands-on experience of core or core plus infrastructure assets. This may include renewables/energy, waste, social, PFI, digital, transport or other infra assets. Financial modelling and analytical skills including the ability to interpret and amend complex existing models and build new models to a high standard, is key for this role.
We are looking for somebody with a genuine interest in infrastructure assets and the ability to be selective with the opportunities and the initiatives you choose to pursue. You will utilise time efficiently, focussing resource on existing assets as a priority to preserve and optimise value. Effective communication and collaboration skills are key to this role, along with the ability to be creative and think outside the box, putting forward new ideas to make improvements.
Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members.
This role is classified as a ‘Certified Person’ under the Senior Managers and Certification Regime (SMCR) and will therefore be subject to the additional requirements prescribed by the FCA.
What we can offer you
Rewarding you
A competitive salary
28 day annual leave plus bank holidays
Generous annual bonus plan
We provide membership of the Railways Pension Scheme, a Defined Benefit arrangement under which you get a pension for life and a lump sum when you retire, based on your length of service and pay
4x Life Assurance cover
Colleague referral scheme
Heath & Wellbeing
Private Medical Insurance
Employee assistance programme
Heath cash plan
Eye care vouchers
Flu vaccination
Lifestyle
We support hybrid and flexible working along with very generous family leave including 12 months full pay maternity leave and 6 months full pay paternity leave
Buy and sell holidays
Give as you earn scheme
Paid volunteering days
Flexible half days leave
Electric vehicle leasing
Cycle to work scheme
Next Steps
If you would like to apply, please click on the apply button or visit our Careers Page by Tuesday 3rd February 2026.
Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life
What you'll do
- The role involves managing and optimizing high-quality real asset investments while also focusing on new deal origination, diligence, and execution. The candidate will ensure secure and sustainable returns in line with client risk appetite.
About Railpen
Railpen’s purpose is simple – to secure our members’ future.
We are responsible for over £34bn in assets on behalf of more than 350,000 members, providing market-leading pension administration and investment services for defined benefit (DB), defined contribution (DC) and hybrid schemes, including the Railways Pension Scheme – one of the UK’s largest, longest established, and intricate funds.
We are built on our heritage. Our history of helping everyday, hardworking people save for their retirement stretches back more than half a century. From our beginnings in 1965 as the pensions office for the British Rail Pension Scheme, we’ve innovated and evolved to serve the needs of the industry and the financial future of its workers.
We are committed to better member outcomes. Our role is delegated to us by our Trustee (the Railways Pension Trustee Company Limited or RPTCL), whose unwavering passion to put members’ interests first is integral to everything we do – from how we administer the schemes to how we select, structure and size investments to protect and grow the long-term value of members’ savings.
We are agile and innovative. Guided by integrity, the importance we place on collaboration, and our member-first approach, we work with policymakers and industry leaders to advocate for a progressive and supportive policy environment that helps us to secure our members’ future and shape a more sustainable pensions landscape.
We are different from the norm. We put every pound of profit towards paying members’ pensions securely, affordably and sustainably. We make this our mission. Our long-term mindset opens up investment opportunities over multiple decades that enrich communities and the environment, set new standards for innovation and contribute to a resilient UK economy.
We are Railpen.
Ready to join Railpen?
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Frequently Asked Questions
What does a Investment Analyst - Infrastructure do at Railpen?
As a Investment Analyst - Infrastructure at Railpen, you will: the role involves managing and optimizing high-quality real asset investments while also focusing on new deal origination, diligence, and execution. The candidate will ensure secure and sustainable returns in line with client risk appetite..
Is the Investment Analyst - Infrastructure position at Railpen remote?
The Investment Analyst - Infrastructure position at Railpen is based in London, United Kingdom. Contact the company through Clera for specific work arrangement details.
How do I apply for the Investment Analyst - Infrastructure position at Railpen?
You can apply for the Investment Analyst - Infrastructure position at Railpendirectly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process.