Investment Analyst/Associate

Description

The Investment Analyst/Associate (level recruited will depend on experience and company fit) will have the opportunity to work on multifamily, office, and retail real estate equity and debt investments, primarily in New York City (and opportunistically, outside of New York City). The position will play a crucial role with respect to deal underwriting, due diligence, capital markets transactions, and asset dispositions. The Analyst will work closely with Associates and Vice Presidents as well as benefit from regular engagement with Principals and other senior management team members. The Analyst will be expected to perform rigorous, thoughtful, and accurate analyses to support a strong new investment pipeline and select asset management and value creation initiatives.

Key Responsibilities

• Developing transaction specific financial models and investment memorandums to review, screen, and present new real estate equity and debt investments, and to analyze complex JV / partnership waterfall structures and capital structure / budgeting scenarios
• Assist in all aspects of portfolio operations, including: leasing, developing property budgets and formulating long-term asset strategies, including producing sensitivity analyses and other ad-hoc analyses for ongoing strategic initiatives
• Assisting the investment team with executing transaction-related activities such as dispositions, major lease analyses, recapitalizations, and refinancing
• Review deal-level operating / financial performance, perform variance analysis and report on operating / capital project status

Skills, Knowledge and Expertise

• Undergraduate degree in finance, economics, accounting, mathematics, or related degree from a top-tier university, with a cumulative GPA of 3.5 or higher (this is a pre-MBA role, and MBA candidates or graduates will not be considered for this position)
• 1-2 years of experience in a highly analytical role, such as investment banking (real estate investment banking preferred), private equity, or real estate finance
• Outstanding Excel financial modeling and analytical skills, with an ability to easily create models from scratch. The candidate must also be proficient in PowerPoint and Word
• Experience with Argus is preferred
• Excellent oral and written communication skills
• Self-motivated, with quick responsiveness and a sense of urgency
• Keen attention to detail in an environment that will require the candidate to juggle multiple deadlines under minimal supervision

About Stellar Management

Founded in 1985, Stellar Management is a New York City based real estate investment and management firm. With a mix of residential, office, and retail space under the firm’s corporate umbrella, Stellar is an active market participant focused exclusively on New York City. Since its inception, Stellar has built its superior track record on owning and managing properties for a diverse array of residential, retail and office users. Stellar Management employs a direct, hands-on approach to value investing by marrying its best-in-class management operation with in-house construction and development teams. The vertical integration of management, development and ownership is a central tenet of the firm’s investment and management philosophy and enables Stellar to quality control every step of the design, development and execution process. With a fully integrated real estate platform, Stellar is able to provide stakeholders accountability across the many facets of real estate investment. For this, Stellar has cultivated a well-respected reputation in the industry.