Summer Analyst - Real Estate Research with StepStone via Summer on the Cuyahoga

**Do Not Apply on Handshake. Click external application link and/or see instructions below to apply through Summer on the Cuyahoga portal.** https://jobs.summeronthecuyahoga.com/Students/Login.aspx

 

Internship Description:

StepStone is currently seeking candidates with excellent quantitative, qualitative and interpersonal skills for an intern position on StepStone’s Real Estate Team. StepStone offers Summer Interns an opportunity to achieve valuable learning experiences working across the real estate private equity industry. Through analysis of opportunistic, value-add, core and credit funds, Summer Interns gain exposure to a wide array of property types, markets and capital structures and become accustomed to a variety of real estate private equity funds and investment strategies.

The Summer Interns will work in a team environment to target and perform due diligence on opportunities across the Real Estate team’s three investment verticals: real estate private equity fund investments, co-investment transactions and secondaries transactions. The intern will have the opportunity to prepare and present recommendations, with the investment team, to the Real Estate Investment Committee and to the Real Estate team’s client base of institutional investors.

StepStone prides itself on the Firm’s collegial atmosphere, encouraging team-building initiatives and a collaborative approach to accomplishing projects. The ideal candidate will possess strong academic achievement, high quality writing skills and a solid financial background.

Essential Internship Functions

Perform market research using publicly available information and proprietary databases to identify, quantify and analyze macroeconomic trends across a variety of industry sectors

Assess marketing and supporting materials of prospective fund managers to identify key value drivers and important areas for further investigation

Interpret financial analyses prepared by target fund managers, including investment track records, financial statement analysis and fund models

Prepare for and participate in meetings with managers and conduct on-going due diligence

Support full-time staff on sourcing and managing the inflow of investment opportunities.

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

Analyze and conduct diligence on co-investment opportunities and secondary transactions

Support full-time staff on client coverage responsibilities, including preparing client-specific portfolio management deliverables as well as speaking to investment opportunities with clients 

Skill Requirements:

 Pursuing BA/BS in Finance, Economics, Accounting, Law, Real Estate or equivalent relevant experience

High proficiency in Word, PowerPoint and Excel

Demonstrated track record of academic success

Strong communication skills

Strong, demonstrable analytical capabilities, including strong quantitative/modeling skills

Team player and committed to work

 

Value of Internship to Employer:

 Assist in educating current students interested in real estate on the industry.

Value of Internship to Student:

 Interns will be exposed to a world class real estate investment team and play a role in entry level investment work. 

Mission:

The Firm creates customized portfolios for the world’s most sophisticated investors using a highly disciplined research-focused approach that prudently integrates fund, secondary, credit and co-investments. StepStone offers customized private markets investment management and advisory services to institutional clients using industry-leading analytics and research capabilities, with a focus on providing highly responsive and collaborative client service. The Firm covers the global private markets across multiple sectors and operates from offices in La Jolla, New York, Cleveland, San Francisco, Charlotte, London, Beijing, Lima, Sao Paulo, Toronto, Dublin, Luxembourg, Rome, Zurich, Hong Kong, Perth, Seoul, Sydney and Tokyo. 

 

More information and application instructions provided in listing within SOTC student portal.

 

This position is offered through Summer on the Cuyahoga (SOTC). Please register and apply through the SOTC portal. Acceptance of an SOTC-sponsored position includes entry into the SOTC program (housing connections, events/activities, and more). Visit https://jobs.summeronthecuyahoga.com/Students/Login.aspx for more information. Note: Cornell students will need to seek funding support for the $1200 program fee. There are a variety of options available throughout campus and beyond. Make an appointment with career advisor Mia Ferraina by calling 607-255-5296 for options that align with this program.

 

Start/End Date may vary and will be discussed during the interview process.

 

Hourly Rate is Placeholder. Hourly Rate will be discussed during interview process.

 

**Vehicle Not Required

Should any internship need to be offered virtually due to ongoing concerns related to the Coronavirus pandemic – SOTC will work with employers and students accordingly. This may mean an in-person programming experience with a virtual work experience OR a fully virtual work and program experience. No decisions will be made until early spring 2021 and students should anticipate that internships will either be in-person or remote with an in-person programming experience. If you have any questions please contact Eric or Katie at SOTC (info@summeronthecuyahoga.com).