Associate - Portfolio Management, Real Estate Equity
External
Blackrock · Newport Beach, CAPrepare for this interview
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Responsibilities
- Client Reporting & Portfolio Analytics
- Support the preparation of monthly, quarterly, and ad hoc portfolio reports, including operational performance, returns, and attribution analysis
- Prepare quarterly property summaries covering leasing activity, operations, capital projects, and market conditions
- Maintain and enhance internal databases, reporting models, and portfolio tracking tools
- Respond to data and analysis requests from clients, portfolio managers, and senior leadership
- Financial Analysis & Asset-Level Support
- Build and maintain property-level cash flow and return models using Excel and ARGUS
- Assist in the review of operating budgets and the development of business plans
- Evaluate capital projects and renovation programs, including return on cost and ROI analysis
- Review financial statements, capital calls, and distribution requests in partnership with accounting teams
- Monitor market trends and key performance drivers affecting asset performance
- Leasing, Operations & Asset Management Support
- Review lease proposal analyses, including tenant credit and valuation implications
- Monitor property performance against underwriting assumptions and budget expectations
- Support the evaluation of operational initiatives and asset-level business strategies
- Investment & Transaction Support
- Support acquisition and disposition underwriting through financial modeling and analysis
- Prepare investment committee materials, memoranda, and supporting analyses
- Assist with due diligence and transaction execution, including data organization and analysis
- Team & Platform Support
- Contribute to process improvements across reporting, analytics, and portfolio management workflows
- Participate in special projects and ad hoc analyses as needed
- Partner closely with internal teams, including investments, accounting, and valuations, as well as external partners
Requirements
- Bachelor's degree in finance, Real Estate, or a related field
- 1-4 years of relevant experience; internships may be considered for Analyst-level candidates
- Strong financial modeling, analytical, and Excel skills
- Familiarity with ARGUS and PowerPoint preferred
- Foundational understanding of accounting, debt structures, and capital markets
- Highly organized, detail-oriented, and able to manage multiple priorities in a fast-paced environment
- Strong written and verbal communication skills
- Collaborative team player with the ability to work effectively across functions and stakeholders
- Demonstrated ownership, sound judgment, and a strong execution mindset
Benefits
Additional Information
About this role Business Unit Overview: BlackRock Real Estate currently manages nearly $20 billion invested in direct properties within the United States, Europe and APAC. The Real Estate Equity business invests across a broad array of investment strategies including core, value-add and opportunistic, through separate accounts and commingled funds. Our extensive experience encompasses all major property types including residential, industrial, retail, and office. Role Overview: BlackRock Real Estate Investment Management is seeking an Associate based in Newport Beach to support portfolio management, client reporting, and investment analysis. This execution-oriented role will be responsible for conducting financial analysis, preparing client reporting materials, and supporting underwriting and asset-level decision-making across the portfolio.
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