New York, NY
Salary Estimate: $175,000.00 - $199,999.00
Employment Type: Full Time
Work Place: Hybrid
Experience Required: 7+ to 10 years
Education Required: 4 Year College
Benefits
Job Description
Position Overview
The Asset Management Vice President will be based in San Francisco, New York or Chicago and will play a critical role in managing StepStone’s real estate investments. The right candidate will accomplish investment initiatives with partners while delivering recommendations to senior investment team members.
This is an exciting opportunity for a real estate professional to work in a fast-paced, collaborative environment and contribute to the growth and success of a premier real estate investment firm. Key responsibilities will include but not be limited to:
Responsibilities:
- Investment Management: Lead investment outcomes, overseeing performance and progress. Analyze investment-level decisions, create internal memorandums, and present findings to decision makers.
- Portfolio Management: Accomplish investment and business objectives. Maintain strong relationships with operating partners and clients.
- Business Plans and Budgets: Control business plans, budgets, and capital projects. Identity key risks and opportunities for value enhancement.
- Investment Analysis: Work closely with operating partners to monitor progress and performance of investments. Ensure compliance with investment guidelines and regulatory requirements. Related work includes site inspections, manager meetings, market research and broker discussions.
- Debt Compliance: Monitor performance of investments against debt compliance requirements and forecast future performance.
- Reporting: Oversee preparation of internal reports, client reports, quarterly valuations and ad-hoc requests.
- Team Development: Mentor and develop junior team members, fostering a collaborative and high-performance culture.
Qualifications:
- Experience: 7+ years of experience in real estate asset management, investment management, or a related field.
- Analytical Skills: Exceptional quantitative and analytical skills, expertise in cash flow modelling, appraisal analysis, valuations, and joint venture structures.
- Educational Background: Undergraduate degree from top-tier institution with a focus in finance, real estate, or a related discipline
- Communication Skills: Strong interpersonal communication skills, including the ability to present to internal committees and clients.
- Leadership Skills: Proven leadership and team management experience, with the ability to inspire and guide a diverse team.
- Attention to Detail: High level of commitment and self-motivation; strong attention to detail
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.
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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