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I am currently interviewing for the job description below for an entry level commercial real estate analyst position at a 3 person real estate asset management firm. I am not familiar with what an entry-level commercial real estate analyst would do at a real estate asset management firm as the lending side of commercial real estate has always been more interesting to me.

Is this job inline with what someone would do at a larger firm and is this experience going to meaningful in a few years? Would this be a stepping stone into a decent career in real estate? Your thoughts?

Commercial Real Estate Analyst
- maintain and update tenant insurance files
- correspond and liaise with insurance brokers and tenants regarding the annual renewal of tenant's insurance certificates
- ensure insurance policies are in compliance with the terms of tenant leases
- visit and audit properties
- analyze real estate market trends
- analyze leasing, construction and sales projects and monitor and supervise their progress
- interfacing with the brokerage and mortgage community
- coordinate and evaluate operating budgets and marketing initiatives
- prepare and coordinate property operating reports between accounting, property management and client communications
- co-ordinate between property management and accounting on monthly operating expenses and ongoing building maintenance
- other special analysis projects as they arise.

Comments (5)

  • nutsaboutWS's picture

    so your an asset manager for RE properties. I think you would want to be on the acquisitions side, at least thats what I prefer. You basically have a portfolio of commercial RE properties that you overlook, do market research, value on a quarterly/yearly basis for the books, and make sure everything is running good. (hire new prop manager, talk with leasing officers often, drive up vacancy). You are basically over shadowing everyone that has to do with the property.

    Cool job, not very exciting unless you love RE.

    I'm on the Acq side, so once I close a deal, I send it over to AM and they manage it.

    --
    "Those who say don't know, and those who know don't say."

  • In reply to prospie
    inthemoney's picture

    Thanks for this. I am really hoping one of the two commercial real estate interviews I have work out; this job is my fall back. It sounds like it is very property management oriented, but I wouldn’t mind this learn the ropes and hands on experience in the near term.

    It’s such a small firm that I figure I will get my hands on transaction deals, valuations, or market research. On their somewhat shabby website it says they do “construction progress draws”. From what I understand this is basically construction financing? Asset management is interesting to me which explains why I am pursuing CFA, but long term I think I would like to move into financing and lending.

    Can you guys suggest any readings to familiarize myself better with the real estate asset management process or things I should find out about the firm before joining?

  • In reply to inthemoney
    prospie's picture

    inthemoney wrote:
    It sounds like it is very property management oriented, but I wouldn’t mind this learn the ropes and hands on experience in the near term.
    agreed.
    Quote:

    On their somewhat shabby website it says they do “construction progress draws”. From what I understand this is basically construction financing?

    yes. even stuff like that you can learn a lot. i didn't realize it was a 3-man shop, so hopefully (as we've all agreed) you can get some modeling experience.

    but even if not, take what you can get in this market. it will be easier to move around in the future, but now the first step is finding a good place to start, and this sounds decent.

    Quote:

    Can you guys suggest any readings to familiarize myself better with the real estate asset management process or things I should find out about the firm before joining?

    not really necessary, but actually there are some really helpful posts/threads on here. Check out some of mr1234's old posts. Search for real estate threads. Other than that just stay up to date with globe st, NREI, etc.