Real Estate Junior Analyst

About the role

The Junior Real Estate Analyst position is responsible for performing research and analysis for the Valuation Services Department. This includes collecting and coalescing pertinent data, assisting in market analysis, performing market studies as well as other reports, and analyzing economic trends in designated regions. The Junior Real Estate Analyst reports to a designated Manager or Principal on the Valuation Services team. This position is expected to work in office at a minimum during the first four months of employment. Flexible arrangements may be considered with Partner approval after that timeframe, although this position may require the employee to continue to go into a local office.

Responsibilities

• Conduct economic and market research regarding market areas via telephone interviews and internet resources.
• Identify subsidized, tax credit and market rate comparables.
• Perform preliminary property screenings, market analysis, comparable rents surveys, and demand analysis.
• Interview with local housing authorities, planners, senior centers, chamber of commerce to identify problems and understand demand in the market.
• Interview with property managers of market/LIHTC/subsidized properties to gather property specific information and general market conditions.
• Gather and analyze information on new developments in the area by speaking to developers, searching newspapers and the internet.
• Request information from appraisers/brokers on improved and land comparables.
• Analyze demographic information of market area and economic trends which include employment, average wages, median incomes of market area and relation to demand of affordable housing in area.
• Synthesize all gathered information and draft the market study report for assigned properties – this includes but is not limited to drawing the primary market area, identifying appropriate property comparables to be included, and completing a demand analysis.
• Affiliate in performing appraisals of proposed and existing real estate developments.
• Analyze general housing market through comparison of renting and buying a home, construction of buildings and apartment market studies performed by third parties.
• Quantify excluded properties in the market area.
• Complete Novogradac’s Affordable Housing Training & Assessment Program within the designated timeframes.
• Affiliate with other duties, projects, or partner requests as assigned.

Requirements

• Bachelor’s degree in related area plus 1-2 years of Real Estate research, market analysis, or commercial appraisal experience.
• Current, valid Driver’s License.
• Excellent verbal and written communication skills.
• Strong analytical skills, including the ability to gather information, conduct analyses, and present findings.
• Solid organizational and follow-through skills, performing work accurately with strong attention to detail.
• Ability to meet deadlines and effectively prioritize a fast-paced and varied workload, effectively manage a variety of concurrent and shifting priorities.
• Strong computer skills, including solid skill in the Microsoft Office suite (prefer advanced skill in Excel).
• Available for domestic travel as needed, including ability to drive or travel by air, rail, or other transportation methods to reach designated sites for in-person visits.

Qualifications

Your background and skills should include:

• Bachelor’s degree in related area.
• 1-2 years of Real Estate research, market analysis, or commercial appraisal experience.
• Current, valid Driver’s License.
• Excellent verbal and written communication skills.
• Strong analytical skills, including the ability to gather information, conduct analyses, and present findings.
• Solid organizational and follow-through skills, performing work accurately with strong attention to detail.
• Ability to meet deadlines and effectively prioritize a fast-paced and varied workload, effectively manage a variety of concurrent and shifting priorities.
• Strong computer skills, including solid skill in the Microsoft Office suite (prefer advanced skill in Excel).
• Available for domestic travel as needed, including ability to drive or travel by air, rail, or other transportation methods to reach designated sites for in-person visits.

Skills

• Research and analysis skills.
• Market analysis and economic trend analysis.
• Interviewing and data gathering skills.
• Microsoft Office Suite proficiency, particularly Excel.

Benefits

Novogradac offers a competitive salary range of $52,000 to $58,000 depending on experience. Additional benefits include:

• Increased number of paid holidays per year.
• Competitive benefits package.
• 401(k) package with firm profit-sharing.
• Strong emphasis on quality work-life integration.
• Dress for your day policy.
• Resources of a national firm.
• Opportunities to engage with our active Employee Resource Groups (ERGs), affinity groups, and advance your career within a supportive, inclusive environment.

Pay

$52,000 to $58,000 depending on experience.

Schedule

This position is expected to work in office at a minimum during the first four months of employment. Flexible arrangements may be considered with Partner approval after that timeframe, although this position may require the employee to continue to go into a local office.

Why work with us?

At Novogradac, we are dedicated to building a workplace supported by unique perspectives and experiences. We believe in fostering a welcoming workplace where all employees feel valued and empowered to grow. We are committed to ensuring a fair and inclusive recruitment process, making reasonable accommodations to individuals with disabilities or special needs throughout the application process. We encourage applicants from all backgrounds, identities, and experiences to apply, as we believe that unique perspectives strengthen our ability to achieve excellence. Novogradac offers a variety of Employee Resource Groups and Affinity Groups to provide all employees with opportunities to connect, collaborate, and support one another in the workplace. Novogradac & Company LLP offers a progressive work environment, competitive pay and an excellent benefits package including medical, dental, vision, paid time off, life/disability insurance, commuter flex accounts and a 401(k).