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BarmeniaGothaer

Mutual insurer offering private, corporate insurance

Portfolio Manager in Real Estate Debt

Full-TimeUpdated on 10/23/2026
No salary listed
Mid
Bachelor's
Cologne, Germany
HybridUp to 60% mobile work, depending on the role.
Finance & BankingAsset Management

About the job

Requirements
  • Build and maintain long-term relationships with national and international business partners and communicate confidently in negotiations and discussions.
  • Work independently, in a structured manner, and with a solution-oriented approach.
  • Demonstrate confident communication and presentation skills.
  • Hold a completed degree in economics, finance, or real estate studies, or an equivalent qualification.
  • Have several years of professional experience in real estate investment, real estate financing, asset management, fund management, a debt fund, a bank, or an institutional investor.
  • Have a solid understanding of real estate markets, financing structures, and capital market products.
  • Demonstrate strong analytical and conceptual abilities and the ability to explain complex matters clearly.
  • Be open to new technologies and have initial practical experience using artificial intelligence for analysis, information preparation, and improving workflow efficiency.
  • Have very good written and spoken German and English.
Responsibilities
  • Independently manage and develop an international real estate portfolio focused on Real Estate Debt.
  • Identify, analyze, and evaluate new investment opportunities and derive well-founded investment recommendations.
  • Manage the investment process from initial review through completion in close collaboration with internal and external stakeholders.
  • Support existing investment managers, conduct regular manager discussions, and review their performance.
  • Contribute to developing the portfolio strategy, considering market trends, regulatory requirements, and sustainability aspects.
  • Prepare, review, and further develop the portfolio’s medium-term earnings, market value, and liquidity planning.
  • Prepare and present decision materials for internal investment and decision-making committees.
  • Produce portfolio analyses, market observations, and management reports on real estate-related and capital-market matters.
  • Collaborate with risk management, sustainability, accounting, asset-liability management, and other internal functions.

About the company

BarmeniaGothaer is a mutual insurance group formed in 2024 by the merger of Barmenia Versicherungen and Gothaer Versicherungsbank VVaG, serving about eight million clients. It offers a full range of private and corporate insurance, including property and casualty, health, life, and retirement planning, and operates BarmeniaGothaer Asset Management with around €50 billion in assets. As a policyholder-owned mutual, premiums fund coverage and services, emphasizing long-term stability and customer benefit. The merger combines Gothaer’s strength in SMEs and commercial lines with Barmenia’s focus on retail and health, aiming to grow its market position in Germany.

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Cologne, Germany

Founded

2024

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Simplify's Take

What believers are saying

  • S&P upgraded Gothaer entities to A+ in 2026, signaling stronger capital and execution.
  • September 2026 launches include Lunara+ telehealth fertility care and Lonely-Lotse support.
  • The company extended Cologne-Zollstock leases to 2035, anchoring integration and employer stability.

What critics are saying

  • Andreas Eurich exits in December 2026, removing a merger architect during integration.
  • BarmeniaGothaer must merge systems, sales channels, and cultures across Wuppertal and Cologne.
  • Munich Re, Allianz, and AXA keep squeezing margins in German private health and SME insurance.

What makes BarmeniaGothaer unique

  • Germany's first major mutual-insurer merger in decades created unmatched scale and policyholder ownership.
  • BarmeniaGothaer combines Gothaer's SME strength with Barmenia's retail and private-health franchise.
  • Asset Management now controls about €53 billion, ranking among Germany's top ten insurers' managers.

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Benefits

  • Training Programs
  • Mentorship Program
  • Professional Development Budget

Company News

IPE
Jan 10th, 2025
German insurers create €50bn asset management company

The transfer of assets under the new firm follows the merger of the two insurance companies officially completed last September