Analyst - Real Estate Advisory
About The Position
StepStone is seeking candidates with excellent quantitative, qualitative, and interpersonal skills for an Analyst position on its Real Estate Advisory Team. The primary role involves sector-focused research within the real estate private equity industry, covering areas such as opportunistic, value-add, core, and credit. The Analyst will collaborate with other Research team members to identify and conduct due diligence on selected real estate private equity fund managers, analyzing PPMs, financial statements, investment returns, and performing reference calls and personal interviews. Additionally, the Analyst will work with co-investment and secondary teams to source, diligence, and execute transactions, with opportunities to present recommendations to the Real Estate Investment Committee. StepStone fosters a collegial and collaborative environment, offering daily exposure to all levels of the Firm and interaction with top fund managers in the industry. The ideal candidate will hold a bachelor’s degree and have backgrounds in real estate, private equity, investment banking, consulting, or other relevant fields, demonstrating high ethical standards, maturity, reliability, and attentiveness to detail.
Requirements
- BA/BS in in Real Estate, Private Equity, Finance, Economics, Accounting, Law or equivalent relevant experience
- Demonstrated track record of academic and professional success
- Prior internships or work experience in private equity real estate, investment banking, consulting or other relevant experience
- Availability to travel, primarily domestically
- Flexibility to work within StepStone’s dynamic and entrepreneurial organization
- Developing investment judgment and general understanding of risk/reward trade-offs
- Ability to represent the Firm credibly in written and interpersonal communications
- Demonstrable analytical capabilities, including strong quantitative/modeling skills
- High proficiency in Word, PowerPoint and Excel
- Applied experience in valuation and investment analysis
- Promote and demonstrate a positive, team-oriented attitude
Nice To Haves
- Enrollment in CFA program
Responsibilities
- Perform market research using publicly available information and proprietary databases to identify, quantify and analyze macroeconomic trends across a variety of industry sectors
- Interpret financial analyses prepared by target fund managers, including investment track records, financial statement analysis and fund models
- Support senior Advisory staff on sourcing and managing the inflow of investment opportunities
- Assess marketing and supporting materials of prospective fund managers to identify key value drivers and important areas for further investigation
- Conduct phone interviews with senior executives to gather insights and information regarding the style and effectiveness of target fund managers
- Form an independent opinion about the attractiveness of a sector or investment opportunity
- Efficiently communicate a position verbally and in written materials, including defending a position in a team environment such as Investment Committee meetings
- Use creativity to source and analyze data and to test hypotheses regarding attractiveness of specific sectors and investment opportunities
- Prepare for and participate in meetings with managers and conduct on-going due diligence
- Perform financial modeling and sensitivity analyses related to co-investment and secondary opportunities
- Draft investment memorandums and presentations related to fund, co-investment and secondary diligences
Benefits
- Our organizational community features multiple Employment Resource Groups
- Mentorship programs to enhance the employee experience for all
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
501-1,000 employees
