Analyst - Real Estate Advisory

StepStone Group•Cleveland, OH

1d•Hybrid

About The Position

StepStone is currently seeking candidates with excellent quantitative, qualitative and interpersonal skills for an Analyst position on StepStone’s Real Estate Advisory Team. The Analyst’s primary role is to engage in sector-focused research on various areas of the real estate private equity industry such as opportunistic, value-add, core and credit. The Analyst will work in a team environment with other Research team members to target and perform due diligence on selected real estate private equity fund managers; analyze PPMs, financial statements and investment returns; and conduct reference calls and personal interviews. In addition, the Analyst will work with the co-investment and secondary teams to source, diligence and execute transactions. The Analyst will have the opportunity to present recommendations, with the investment team, to the Real Estate Investment Committee. StepStone prides itself on the Firm’s collegial atmosphere, encouraging team-building initiatives and a collaborative approach to accomplishing projects. The Analyst will have exposure to all levels of the Firm, from Partners to fellow Analysts, daily. The Analyst will often have opportunities to interact with many of the top fund managers in the real estate private equity industry.

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
Candidates must be at least 18 years old to apply.

Nice To Haves

Enrollment in CFA program a plus
Promote and demonstrate a positive, team-oriented attitude

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