Real Estate Research Analyst

  • Competitive base + bonus
  • Londres, Angleterre, Royaume-Uni
  • CDI, Plein-temps
  • StepStone Group
  • 15 janv. 18 2018-01-15

The Analyst will support the team in evaluating real estate fund opportunities, target and perform due diligence on selected fund managers, analyse PPMs, financial statements and investment returns. As part of the investment team, the Analyst will have the opportunity to articulate findings and present recommendations, to the Firm’s Investment Committee.

About StepStone:

StepStone is a global private markets specialist overseeing over US$130 billion of private equity allocations, including approximately US$34 billion of assets under management. Of this, StepStone Real Estate (“SRE”) oversees over US$9 billion of real estate allocation, including US$2 billion of AUM. SRE provides its investors and clients with customized exposure to private real estate through its commingled funds, customized funds, separately managed accounts, and investment advisory assignments. SRE’s investment approach is to partner with general partners of funds and managers of private real estate operating companies to deliver the capital they require to execute their business plans and create value in their private real estate portfolios. SRE also provides primary equity capital to newly formed funds and joint ventures, recapitalizes existing assets, portfolios and entities, co-invests in new acquisitions, and acquires equity on a secondary basis.

Position Overview:

StepStone is seeking candidates with excellent quantitative, qualitative and interpersonal skills for a Research Analyst position with SRE. The Analyst will be based in London and support the team in evaluating real estate fund opportunities, target and perform due diligence on selected fund managers, analyse PPMs, financial statements and investment returns. As part of the investment team, the Analyst will have the opportunity to articulate findings and present recommendations, to the Firm’s Investment Committee. StepStone prides itself on the Firm’s collegial atmosphere, encouraging team-building initiatives and a collaborative approach to accomplishing projects. The Analyst will have exposure to all levels of the Firm, from the Partners to fellow Analysts on a daily basis. He/she will have opportunities to interact with many of the top fund managers in the real estate industry.

Key Job Responsibilities:

  • Undertake market research using publicly available information and proprietary databases to identify, quantify and analyse trends across a variety of European property types
  • Interpret financial analyses prepared by target fund managers, including track records and financial statement analysis
  • Support Senior Research staff on managing and tracking investment opportunities
  • Assess legal, marketing and supporting materials of prospective fund managers to identify key value drivers and areas for further diligence
  • Help construct an argument regarding a decision to invest or not invest, and communicate that argument efficiently in written materials; be able to defend position in a team environment, including Investment Committee meetings
  • Use creativity to analyse data and to test hypotheses regarding attractiveness of specific sectors and investment opportunities
  • Form an independent opinion about the attractiveness of a property sector and/or geography as an investment opportunity; clearly articulate findings
  • Analyse and monitor the performance of the Firm's existing fund managers and underlying investments; prepare for and participate in meetings with managers, and conduct on-going due diligence

Required Skills and Qualifications:

  • Demonstrated track record of academic success
  • Ability to represent the firm credibly in written and interpersonal communications
  • High proficiency in Word, Power Point and Excel
  • Demonstrate maturity, reliability and attentiveness to detail and adhere to the highest ethical standards

Education and/or Work Experience Requirements:

  • BA/BS degree that developed strong written communication (e.g. English or History), or equivalent relevant experience
  • Exceptional business writing skills with experience preparing research reports, offering memos and/or investment committee memos
  • One to two years of business and financial writing, either in a research firm or financial newspaper would be a plus but not required
  • Prior experience in private real estate fund underwriting and/or real estate market analysis would be a plus but not required