Feeling kinda stuck

I’m going into year 3 of my current role as a financial analyst on the development team at a LP / capital-side investor/development shop. (I have previous non-CRE FP&A experience as well) Having my annual crisis about the future. I have dreams of being in a DM/PM type role where Im managing a portfolio of projects. Im not quite mentally ready to leave my current shop but I’m not sure if I’ll ever have the opportunity to really move up (handful of spots with guys who’ve been in them for >5 years). My job is kinda dull, and hasn’t changed much since I was hired. Im basically doing a ton of reporting (compiling data from business plans or sales/financial data into various formats), some scenario analysis on proforma assumptions/waterfall structures, market research. My company generally relies on our JV partners for most of the grunt work so I honestly don’t feel super useful to anyone on my team aside from my manager, who is very knowledgeable but sometimes I just feel like his glorified assistant. There are days where I literally have nothing to do, and when I’ve asked for more work, I’ll get assigned things from the DMs that they don’t really need me to do or things that would take 5 minutes for them but takes even longer when I get involved due to them having to explain to me, check my work, etc…. I get exposure to some awesome deals with some big name developers which is a plus. However, I add zero value to 99% of meetings because I am essentially just a data-compiler listening in. I feel like I have the potential to be doing so much more but also don’t feel qualified enough to be interviewing for development Associate positions elsewhere since I’ve never overseen a project. I feel like I’d only qualify for a lateral financial analyst role which I’m trying to escape from…Feeling stuck. Any one else been in a similar boat or have words of wisdom ?

 

Build a relationship with your dev partners or someone on their team, read the technical documents they submit (outside of the standard reporting updates they probably give you) and ask questions off the back of them, understand why they are doing what they are doing. Ask them why they appointed xyz contractor/consultant etc. Make it clear you are just looking to learn and are curious, instead giving the impression that you are looking to infiltrate and act as a secret informant for your company - we are in a world were these partnerships generally work on a 'need to know' basis so the relationship bit is key!

 

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