Investment Analyst, Fundamental Equities (Global Software)

Intro

An exciting opportunity has arisen to join our Fundamental Equities team as an Investment Analyst specialising in the Global Software sector. This permanent role is based in our London office.

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 Fundamental Equities team manages our public market equity portfolios, which are concentrated, high-conviction, low-turnover portfolio with quality growth characteristics. We focus on companies with high barriers to entry and sustainable competitive advantages that benefit from structural growth trends and can adapt to and capitalise on a rapidly changing market environment.

As a sector specialist investment analyst, you will perform fundamental research on companies, including creating investment memos and financial models, whilst proactively seeking out new investments and managing a watch list of stocks. The role will be responsible for analysing and recommending investments in the software sector, creating investment notes and financial models to support the decision making process.

The team also assists colleagues across Railpen’s other strategies, including private equity, venture capital, alternatives, quantitative equities, and real assets. At Railpen, we believe alignments of interest are critical to the success of investment portfolios and strive to maximise these in our research, analysis and implementation of investment ideas.

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 be somebody who can independently deliver high-quality analysis, communicate their research effectively, and work collaboratively across Railpen. You will have analysis experience, likely within equity research on the sell side or buy side. We are looking for someone with software experience, who has a keen interest in expanding their knowledge in more depth across global software and has a passion about financial markets and investing.

You will have an open, collaborative and inquisitive approach to finding solutions, increasing idea generation and access to new investment opportunities. Effective communication skills are key for this role, along with the ability to develop and maintain good working relationships both internally and externally ensuring that different perspectives are always valued. We value team players who prioritise the success of the team. If this sounds like you, we encourage you to apply.

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 days 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

• 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

Please apply for the apply button or visit Careers Page by Thursday 30th October 2025.

Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life