Private Equity Associate, Joint Ventures
About The Position
Reef Capital is a Utah-based vertically integrated investment and development firm founded in 2005. With a history of over 500 transactions, Reef combines expertise with innovation, managing assets for over 750 partners worldwide. The company has grown significantly, from 25 to over 400 employees. Reef is known for prominent developments such as Black Desert Resort, Marcella, Tributer Resort, Cornerstone Club, Sweetens Cove, and the restoration of Coco Palms Resort. Reef's culture is built on five principles: One Reef, candid communication and collaboration, solidarity in decisions, accountability for outcomes, and striving for extraordinary results. Candidates are expected to bring energy, ownership, and a commitment to excellence.
Requirements
- Bachelor's degree in finance, economics, or related field
- 2-4 years of experience in private equity roles, with a focus on joint ventures and working with operating partners
- Strong financial modeling skills
- Familiarity with JV legal structures and terms
- Excellent written communication skills; comfortable producing IC-ready materials
- Ability to manage multiple live deals and existing JV relationships simultaneously
- A collaborative mindset with the ability to work cross-functionally
Nice To Haves
- MBA is preferred but not required
Responsibilities
- Own day-to-day underwriting for JV and operating company deals; build and refine financial models and return sensitivities
- Translate business plan assumptions such as revenues, expenses, and synergies with Reef into accurate financial outputs
- Manage diligence workstreams alongside consultants and advisors; maintain issue logs and drive open items to closure
- Draft IC memos and ensure all figures tie out to the underlying models
- Prepare supporting schedules for term sheets, JV agreements, and closing documentation
- Update models, track KPIs, and analyze variances against underwriting; revise business plans as needed
- Lead weekly check-in meetings with JV operating partners
- Track portfolio-company-level priorities and ensure execution within specified timelines
- Update monthly portfolio review decks
- Assist with corporate development (M&A, FP&A) and operational initiatives at portfolio companies
- Act as the point of coordination between the Director of Private Equity and cross-functional teams on assigned JV deals
- Build and maintain relationships with development partners, operators, and co-investors across target markets
Benefits
- 401(k) Plan with Company Match
- Generous Health Plan with HSA Match
- Flexible Paid Time-off
- Daily Company Lunches
- Cell Phone Service Allowance
- Discounts at Company-owned Resorts and Golf Courses
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
