Capital Markets Associate

Ryan Companies US, Inc.

Chicago (IL)

On-site

USD 115,000 - 130,000

Full time

14 days+

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Benefits offered by this job

Medical, Dental and Vision

Retirement benefits

Paid Time Off

Educational assistance

Volunteer time off

Wellness programs

Employee discounts

Charitable matching

Job summary

Ryan Companies is seeking a Capital Markets Associate to join the Ryan Investment Group in our downtown Chicago office. The role supports capitalization and disposition of Ryan-owned and developed projects, leading financial analysis, underwriting, and modeling for transactions from inception to disposition.

Responsibilities include creating market-ready financial models, advising on cap-rate strategy, and coordinating with brokers and capital providers.

Qualifications

Bachelor's degree in a related field is required.
Strong financial modeling and Excel skills are essential.
Experience with valuation and feasibility analysis for CRE assets.
Ability to interpret loan, sale and JV documents.

Responsibilities

Lead underwriting and financial modeling for development projects with complex structures.
Support capitalization strategies with JV equity and capital providers.
Create and modify sophisticated financial models in Excel.
Collaborate with marketing to produce accurate offering materials.
Provide cap-rate guidance through market analysis and comparables.
Mentor Capital Markets Analysts and review models.

Skills

Financial modeling

Underwriting

Valuation analysis

Excel

Argus

Stakeholder communication

JV structuring

Market analysis

Education

Bachelor's degree

Tools

Argus

Job description

Job Description

Ryan Companies is hiring a Capital Markets Associate to join the Ryan Investment Group in our downtown Chicago office. The Capital Markets Associate is responsible for supporting the capitalization and disposition of Ryan‑owned and developed projects. This role leads the financial analysis, underwriting, and modeling for transactions and helps manage the funding and sale process from inception to final disposition. The Associate works with capital providers, supports cap‑rate guidance, creates best‑in‑class marketing materials, and collaborates with brokerage teams. This position bridges the analytical work of the analysts with the strategic and relationship‑management functions of the Directors and VPs.

What you can expect to do

Lead the underwriting and financial modeling for development projects, including complex waterfalls and joint‑venture structuring; provide valuation and feasibility analysis for all commercial real‑estate asset types.
Support Directors and VPs on the capitalization of identified development projects with JV equity (or other equivalent), working directly with capital providers and taking a primary role in Q&A and due diligence processes.
Manage the creation and modification of sophisticated financial models in Excel—occasionally taking the lead on the model itself—to ensure accuracy and alignment with the project's strategic story.
Collaborate with the marketing team to produce best‑in‑class offering materials, taking responsibility for the accuracy of financial information and crafting compelling executive summaries and market underwriting.
Provide cap‑rate guidance by performing market analysis and tracking comparable transactions.
Provide guidance and mentorship to Capital Markets Analysts and Senior Analysts, reviewing their models and analysis.
Develop a strong working knowledge of Argus and other relevant real‑estate software.
Assist in managing the sale process of Ryan investment properties, coordinating with brokers and managing the flow of information to potential buyers.
Support Asset Management and Portfolio Management on an ad‑hoc basis with respect to investment analysis, valuation reviews, and portfolio‑level reporting.
Occasional overnight travel expected.

To be successful in this role, you must have

Bachelor's degree.
4+ years real‑estate capital markets related experience.
Proven ability to create and modify sophisticated financial models in Excel, including complex worksheets, workbooks, and partnership structures.
Strong proficiency in underwriting and providing valuation and feasibility analysis for any commercial real‑estate asset.
Ability to interpret business terms of loan, sale, and joint‑venture documents and make recommendations based on that understanding.
Ability to craft and articulate the "story of why" for a real‑estate asset to a broker, buyer, or capital partner.
Experience in presenting and explaining the strengths and challenges of real‑estate projects to internal and external stakeholders.
Ability to manage the process of generating high‑end investment offerings.
Strong working knowledge of Argus is a plus.

You will really stand out if you have

Proficient verbal, written and interpersonal communication skills.
Ability to work independently as well as in a collaborative, matrixed environment.
Demonstrated ability to plan, organize, prioritize and manage time to meet deadlines.
Attention to detail and quality with a strong focus on customer service and appropriate sense of urgency and good judgment in varied situations.
Ability to concentrate on tasks, make decisions and work effectively in a high‑pressure, deadline‑oriented environment.
Ability to maintain stamina throughout the standard workday, on‑and off‑site, and maintain regular attendance during required work hours.
Commitment to Ryan Values: Safety, Integrity, Respect, Stewardship, Family, Excellence, and Fun.

Compensation

The salary range is $115,000‑130,000 per year. The base rate may vary within the anticipated range based on factors such as the ultimate location of the position and the selected candidate's knowledge, skills, and abilities. The position may be eligible for additional compensation, including commission and/or incentive program.

Eligibility

Position requires verification of employment to work in the U.S.

Benefits