Position Overview:
We are seeking an Analyst / Associate to join our dynamic Real Estate Portfolio Management team. This is a client-facing role with direct exposure to partners, where the right candidate will communicate investment performance and updates to LP investors, co-ordinate reporting and asset management initiatives with GP partners, and deliver recommendations and updates to senior investment team members.
The ideal candidates will have a strong background in real estate investment and portfolio analysis. As a member of the Portfolio Management team, you will play a critical role in managing and optimizing the performance of a diverse portfolio of real estate assets across multiple property sectors and regions.
This is an exciting opportunity for an experienced professional looking to work in a fast-paced, collaborative environment and contribute to the growth and success of a premier real estate investment firm with over $15 billion in discretionary AUM.
Key Responsibilities:
Portfolio Analysis & Strategy Development:
- Assist in the creation and execution of portfolio strategies for real estate investment vehicles, ensuring alignment with investment goals and risk parameters.
- Monitor and analyze portfolio performance including return metrics, cash flows, and asset valuations to inform decision-making and identify areas for improvement.
- Provide insights into market trends, economic conditions, and property sector performance to support portfolio rebalancing and strategy adjustments.
Reporting & Communication:
- Leverage internal Stepstone reporting teams to prepare detailed performance reports, including financial analysis and operational summaries for senior management, investors, and stakeholders.
- Communicate portfolio performance, market trends, and key issues to internal teams and clients.
- Ensure accurate and timely reporting of portfolio performance metrics.
Team Collaboration & Project Management:
- Collaborate with internal teams including - acquisitions, finance, legal, and operations - to ensure cohesive execution of portfolio strategies.
- Lead and participate in special projects, due diligence processes, and the evaluation of new investment opportunities.
Investment & Asset Management:
- Support the optimization of a portfolio of real estate investments, ensuring maximum value creation through operational improvements, leasing, capital expenditures, and strategic dispositions.
- Collaborate with asset managers, third-party operators, and external stakeholders to ensure performance meets investment targets.
- Assist in the development of financial models and valuations for existing assets and potential acquisitions.
Risk Management & Compliance:
- Identify potential risks within the portfolio and help develop mitigation strategies.
- Ensure compliance with investment guidelines, legal, and regulatory requirements across all portfolio assets.
- Contribute to the identification of key risks and opportunities for value enhancement across the portfolio.
Qualifications:
Education:
- Bachelor’s degree in Finance, Real Estate, Business, Economics, or a related field.
Experience:
- Associate: 3-7 years of experience in real estate portfolio management, investment analysis, or asset management, with a demonstrated ability to work across asset classes (e.g., office, retail, industrial, multifamily).
- Analyst: 1+ year(s) of real estate investment, accounting, reporting, or asset/portfolio management experience required
- Experience working in a fast-paced, dynamic investment environment, including familiarity with market research, financial modeling, and performance tracking.
- Proven ability to collaborate cross-functionally with other teams such as accounting, acquisitions, business development, and operations.
Technical Skills:
- Advanced proficiency in financial modeling, including Excel and Argus or similar real estate software.
- Strong understanding of key performance metrics and concepts such as IRR, equity multiples, cap rates, and cash-on-cash return.
- Knowledge of real estate investment structures, market trends, and valuation techniques.
- Familiarity with legal and regulatory requirements related to real estate investments.
Other Skills:
- Excellent analytical and problem-solving skills with the ability to think strategically and provide actionable insights.
- Strong written and verbal communication skills, with the ability to present complex information clearly to senior leadership and clients.
- Proven ability to manage multiple projects simultaneously and meet deadlines.
- Detail-oriented and self-motivated with a strong work ethic and a high level of integrity.