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Form of workJob Description
StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $640 billion of total capital allocations, including $143 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.
Position Overview:
StepStone Group LP (StepStone) seeks a Portfolio Management Associate for its La Jolla, CA location.
Primary Responsibilities Include:
- Contribute to revenue generation for StepStone through the development of bespoke analyses and the application/expansion of in-house quantitative tools and models across Private Equity, Private Debt, Real Estate and Real Assets
- Lead projects that require the Python and R languages to create models and analyses that offer insights to our clients
- Leverage expertise in data sources within private markets to develop slides and analyses that get repeated use throughout the firm for business development and addressing client questions.
- Deploy new technologies, such as Power BI dashboards, VBA coding in Excel, and integrating Github Copilot.
- Utilize knowledge of data scraping techniques to extract and gather data from diverse platforms and implement rigorous validation processes to ensure the quality of collected data.
- Employ proficiency in PowerPoint and Excel (including formatting, plotting, and data/model validation checks) to deliver outputs that are client-ready.
- Lead technical Q&A sessions during calls and meetings with clients and prospects, effectively translating complex concepts into accessible and understandable language.
- Design and create PowerPoint decks that highlight portfolio construction and management solutions for clients and prospects.
- Work with other departments to achieve StepStone's business objectives and jointly troubleshoot any issues that arise.
- Mentor interns and analysts, having a material impact on their knowledge of coding and private markets.
Education and/or Work Experience Requirements:
- Must have a Master's degree in Quantitative Finance, Mathematics in Finance or a related field and 2 years of experience as a Quantitative Analyst or related role in the private markets sector.
- Full term of required experience must include:
- Experience utilizing knowledge of public financial products and data sources for stocks, bonds, macroeconomic factors and interest rate and currency derivatives to drive assumptions in financial models
- Leveraging expertise in private markets concepts (including performance and risk metrics and fee, liquidity and pacing models) to help develop and implement quantitative models (for liquidity, fees and valuation)
- Utilizing knowledge of the structure of private markets investments across primaries, secondaries and co-investments to assist the underwriting business
- Supporting portfolio construction by catering to the unique characteristics of Private Equity, Private Debt, Real Assets and Real Estate
- Applying statistical techniques to bring research projects from an idea to a final business product for firm-wide use
- Delivering solutions that address client questions, tailored to their use case
- Building and modifying financial models in Excel, including various equity and debt structures and modeling financial return
- Using private markets datasets for all asset classes from providers including Preqin and Pitchbook, as well as cleaning and transforming unstructured data into database-ready formats
- Coding quantitative models across asset classes in Python and R
- Driving the model development cycle, including code efficiency, troubleshooting, integration with existing systems, documentation, quality assurance and iterative improvement
- Converting research outputs into client-ready PowerPoint slides
- Collaborating with interns and analysts to deliver analyses and build junior knowledge base
- Delivering segments of external client calls and meetings to communicate findings and establish trusted relationships with clients and prospects
- Adding a technical perspective to client discussions
- Optimizing based on client-specific goals and risk tolerance
- Assessing the potential impact of various market conditions on the investment portfolios.
Other Information:
Direct applicants only.
May telecommute up to 2 days per week. Salary is $123,947/year; 40 hrs/wk. This position is eligible for incentives pursuant to StepStone's Employee Referral Program. Job ID = 12312/MZ.
About us
Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.
Join us
When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.
StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.
Benefits
We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.
Disclaimer / Policy Statements
At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.
As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.
Developing People at StepStone
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