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 Chicago, with availability to travel, primarily domestically

Knowledge, Skills, and Ability Requirements:

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

Underwriting

Investment Management

Acquisitions

StepStone Group Real Estate LP

• 100-1500 employees

StepStone Group (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds, and insurance companies, as well as prominent endowments, foundations, family offices, and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private market portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt, and real estate asset classes.

Real Estate Overview: StepStone Real Estate provides investors and clients with customized exposure to private real estate through its extensive global market relationships, deep research capabilities, granular due diligence, and unusual structuring capabilities. We build this exposure through our commingled funds, customized funds, separately managed accounts, and investment advisory services. Our investment strategy is to provide liquidity solutions to private real estate funds, portfolios, and other types of real estate ownership vehicles and investors through recapitalizations and secondary investments. We execute this strategy by recapitalizing existing real estate funds and similar vehicles; acquiring equity from existing investors on a secondary basis; investing in newly formed funds; and co-investing in new acquisitions.

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