Analyst / Associate - Real Estate Investments

Job Description

Real Estate Private Equity Analyst / Associate Role Overview

StepStone is currently seeking candidates with excellent quantitative, qualitative, and interpersonal skills for an Analyst / Associate position on StepStone’s Active Real Estate Team. The Analyst's / Associate's primary role is to assist in the evaluation, due diligence, and execution of real estate investments. The Analyst / Associate will work in a team environment with other team members to source and underwrite new investment opportunities, negotiate acquisition terms, manage existing assets, and conduct asset dispositions. The Analyst / Associate 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 / Associate will have exposure to all levels of the Firm, from Partners to fellow Analysts / Associates, on a daily basis.

The ideal candidate will possess a bachelor’s degree and a background in real estate private equity/credit, investment banking, or other real estate - or finance-related industries. The Analyst / Associate will adhere to the highest ethical standards, as well as demonstrate maturity, reliability, and attention to detail.

Essential Job Functions

• Participate in the underwriting and due diligence process for potential acquisitions, including financial analysis, market research, site visits, and document review
• Perform financial modeling and sensitivity analysis related to investment opportunities
• Prepare for and participate in meetings with managers and conduct on-going due diligence
• Form an independent opinion about the attractiveness of a sector or investment opportunity
• Construct an argument around an opinion and efficiently communicate that argument both verbally and in written materials; be able to defend position in a team environment, including Investment Committee meetings
• Draft investment memorandums and presentations related to acquisition opportunities
• Assist with asset management duties, including financial analysis and investor reporting for existing investments
• Support the fundraising process, including creating fundraising presentation materials and coordinating historical fund-and asset-level performance analysis
  
  

Education And/or Work Experience Requirements

• 1-4 years of experience in real estate private equity/credit, investment banking, or related real estate finance field
• BA/BS in Business, Finance, Economics, Accounting, Real Estate, or related field
• Demonstrated track record of academic and professional success
• Takes pride of ownership in work, and work ethic
• 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
• Developing investment judgment and general understanding of risk/reward trade-offs
• Flexibility to work within StepStone’s dynamic and entrepreneurial organization
• Based in San Francisco, with availability to travel, primarily domestically
  
  

Knowledge, Skills, And Ability Requirements

• ARGUS experience optional but preferred
• Promote and demonstrate a positive, team-oriented attitude
  
  

Acquisitions

Finance

Investment Management

Research/Market Analysis

Underwriting