Is Portfolio Analyst at a top brokerage good experience?
Just got a call back from a top brokerage in my city (CBRE/JLL/CW) for a portfolio analyst position. Can anyone comment on the experience I would gain here if I would like to eventually end up in D/E placement, REPE, or development? Maybe worth mentioning, I have no relevant CRE internships but plan on doing a MSF/MBA with a RE focus or online MRE from Georgetown in within the next few years while working. Also curious about comp progression if anyone has any insight.
I can comment on this directly as I work at one of those firms and do exactly what the position is. Where are you located by the way?
Personally, I manage a portfolio of life co loans and freddie/fannie loans as well. Pretty standard agency/life co debt products, but I have some bridge and mezz deals in my portfolio too. 85% of the job is analyzing financial statements, leases, rent rolls, amortization schedules, and creating historical models with some argus modeling for the life cos. The other 15% is spent processing capex requests, and random assignments that come across your desk.
You will learn how to accurately and proficiently review the 3 main financial statements to ascertain borrower creditworthiness and liquidity requirements, extract important data from leases and rent rolls, identify and mitigate risk, model (if you don't know already), develop communication with clients and internal departments such as production, underwriting, and servicing, along with a bunch of other stuff that I can go on about.
This is my second job after a short stint in valuations and I have learned a lot more at my current. You understand how investors look at risk and the appropriate action that follows, property operations and how certain situations can affect cash flow, among others. If this would be your first job, I would definitely take it. Some may look at it as MO/BO but who gives a shit - I've been casually applying the past few months and have had interviews at an investment bank, d/e equity shops, and other brokerage firms.
Your exit opps depend on how you look at the job and what type of effort you are willing to give. Some treat it as a 9-5, put in their time, and go home to enjoy the day and not think about work. That's perfectly fine if that's the type of person you are, but you really do have the chance to take a deep dive into the numbers, and learn how investors such as REPE firms look at a debt deal, and learn about the specific process of property operations and how they truly generate cash flow. PM me if you want to learn more
Didn't get the DM for an apparent reason. Want to try again? Or I can initiate contact if you ran of of DMs for the day
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