Analyst/Associate, Investments & Portfolio Management

RCLCO•Bethesda, MD

9d•$70,000 - $115,000•Hybrid

About The Position

RCLCO Fund Advisors (RFA), a division of RCLCO, is a SEC Registered Investment Advisor and real estate investment consulting firm that advises institutional investors, including pension funds and sovereign wealth funds. RFA helps clients implement real estate strategies by allocating and managing capital across real estate strategies and property types. It has approximately $88 billion in assets under advisement and has advised on more than $11 billion of client equity investments. RFA’s Investments & Portfolio Management team seeks qualified Analysts and Associates. The role is based in Los Angeles, Denver, or Washington, D.C. Team members underwrite and evaluate new real estate investments for institutional investors, analyze investment partners and opportunities, monitor existing assets and portfolios, research industry trends, and communicate findings and recommendations to investment committees and clients. The position involves work across multiple property types and locations and may include operating companies, separate accounts, programmatic joint ventures, and funds. The estimated base salary range is $70,000–$115,000, depending on title and experience, plus an annual bonus. Applicants should indicate their preferred office and provide GPAs for relevant academic programs.

Requirements

Bachelor’s degree in real estate, finance, or economics, or demonstrated interest in quantitative analysis in the real estate industry.
Work experience requiring quantitative analysis, gained through multiple internships or work in the private or public sector.
Proficiency in Microsoft Office applications, including Word and PowerPoint, and particularly Excel for financial modeling and analysis.
Excellent written and verbal communication skills.
Demonstrated knowledge of commercial real estate underwriting and valuation.
Ability to structure quantitative and qualitative problem-solving approaches, with attention to detail and accuracy.
Analyst candidates: 1–3 years of experience; Associate candidates: 3–6 years of experience.

Responsibilities

Underwrite new investments for institutional investors across multiple property types and locations, reviewing cash flow assumptions, pricing, fees, and discounted cash flow models, including complex waterfall fee structures.
Analyze investment opportunities in operating companies, separate accounts, programmatic joint ventures, and funds.
Evaluate potential investment partners by reviewing track records, strategies, pipelines, financial and operating structures, and conducting management interviews.
Research and develop knowledge of industry trends and participants.
Review existing assets, including investment performance reporting, hold/sell analyses, budget reviews, capital plans, restructuring analyses, and appraisal reviews.
Prepare reports and presentations communicating key findings and recommendations to the Investment Committee and clients.

Benefits

Hybrid schedule flexibility: in-office three days per week, with the option to work fully remote for four weeks each year.
100% employer-paid healthcare for employees, including dental and vision insurance; plan upgrades and dependent coverage are available at the team member’s expense.
Annual vacation and wellness/sick time.
Family planning and fertility benefits.
Employer-paid family leave after one year of employment.
Employee stipend for continuing education and professional development.
Commuting stipend for team members who do not drive to work.
Cell phone stipend.
Wellness benefits, including an Employee Assistance Program, standing desks, walking pads, and healthy snacks at each office location.
Annual employer contribution to a 401(k).
Option to participate in an FSA or HSA.
Regular in-office lunches and social events.
Annual bonus.