What are the responsibilities and job description for the Real Estate Investment Banking & Private Capital – Experienced Associate, New York position at Evercore?
Group Description
Evercore’s Real Estate Strategic Advisory (“RESA”) group provides comprehensive investment banking advisory and capital raising solutions to private and public real estate-focused companies, sponsors, and LPs globally. The group is a leader in in private M&A, recapitalizations and fundraising for real estate sponsors. The group’s diverse client base covers a broad spectrum of real estate market participants, financial sponsors, asset managers, public and private REITs, real estate developers and operators, real estate servicers, and others. Our full suite of investment banking services includes capital raising, capital structure advisory, M&A advisory and other areas of expertise. The group has team members in London, Frankfurt, New York, Los Angeles, Dubai and Hong Kong.
What is the position?
Evercore seeks to hire an experienced Associate for its Real Estate Strategic Advisory group in New York
Primary Responsibilities
Evercore Associates are highly motivated individuals with a broad range of experience in strategic advisory and mergers and acquisitions with a focus on the real estate industry.
Associates will work on a variety of assignments with a focus on strategic and minority acquisition advisory, capital raising, recapitalizations, divestitures, partnerships and joint ventures. As part of the team assigned to these projects, individuals will be responsible for a multitude of tasks including: financial modeling, valuation analysis, transaction structuring analysis, preparing for and attending client meetings, process management, due diligence and industry analysis. Associates will work as part of small teams and have close contact with senior client contacts as well as partners within the firm.
Associates must demonstrate the ability to work on several projects concurrently and possess the desire to learn quickly and work hard. Primary responsibilities include:
- Managing a wide variety of projects (M&A, recapitalization/restructuring, fund and/or direct transactions); serving as the day-to-day deal team lead and primary point-person for clients
- Leading the due diligence, analysis and underwriting of real estate transaction and/or fund managers, the drafting of CIMs, presentations and other marketing/due diligence materials
- Executing and overseeing financial and valuation analysis
- Supervising and guiding more junior team members, including:
Specific Qualifications
- 2-3 years of experience post MBA or Associate promotion
- Demonstrated interest in real estate investment banking, private equity, or finance
- Strong grasp of corporate finance, valuation, and financial accounting
- Superior analytical skills and demonstrated excellence in academic coursework
- Excellent interpersonal skills and ability to articulate ideas
- Outstanding communications skills, both written and oral
- Highly disciplined work ethic
- Enthusiastic, outgoing, and achievement-oriented character
- SIE, Series 79, Series 63
Expected Base Salary Range: $200,000 - $250,000
In addition to a competitive base salary, employees may be eligible to receive a discretionary bonus delivered in the form of cash and/or deferred equity. Evercore also offers a variety of benefits and programs, subject to eligibility. These include, but are not limited to:
- Medical, prescription, dental, and vision insurance, including healthcare savings and reimbursements accounts
- 401(k) Retirement Plan
- Life and disability insurance, including additional voluntary financial protection insurance
- Well-being resources and programs, including mental health and mindfulness programs, digital wellness platforms, well-being events, and targeted on-site health services
- Family-building and family-support benefits
- Paid parental, caregiver, marriage and bereavement leave
- Commuter benefits, health club membership discounts, and other corporate discounts
- Paid holidays, vacation days, personal days, sick days, and volunteer opportunities
Salary : $200,000 - $250,000