Real Estate Research - Associate

Position / Title: Associate, Real Estate Research

Pretium

Pretium is a specialized alternative investment management firm focused on U.S. residential real estate, residential credit, and corporate credit with approximately ~$50 billion of assets under management. Pretium was founded in 2012 to capitalize on secular investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate and structured credit markets, and believes that its insight and experience within these markets give the Firm its strategic advantage.

Position

We are seeking an Associate to join the Real Estate Research team. The research team analyzes data and trends in the housing and broader real estate markets, including supply/demand drivers, capital markets and supply chains. The team works across the organization to provide actionable insights for the investment process, business development and other strategic efforts. This position will report to the Head of Real Estate Research and is based in New York City. This role is subject to the firm’s hybrid working policy (in office three days per week).

Key Responsibilities

• Build and maintain Excel/other databases that track national and local housing data, other industry data and capital markets data
• Prepare internal and external written reports on the housing outlook, industry/company analysis and other topics related to the firm’s investment portfolio
• Assist in the Real Estate team’s preparation of investment memorandums, investor updates and investment committee analyses
• Work with the Data Analytics team to incorporate existing datasets into the research workflow and to develop new datasets
• Monitor relevant data releases, news flow and capital markets activity
• Support business development to help cultivate new / existing investor relationships
• Analyze earnings and other filings from peers and other relevant public companies
• Effectively communicate research themes and conclusions internally across the organization
• Liaise/network with industry research counterparts

Requirements

• 2-4 years in research, investment management, investment banking or consulting
• Bachelors required; CFA preferred
• Financial modeling skills including building bespoke models
• Ability to write reports in an organized, concise, and clear manner
• Prior experience with or ability to learn Python
• Background in real estate or housing
• Strong communication skills
• Interpersonal skills with proven ability to develop and maintain effective business relationships

What We Offer

This position offers the opportunity to join a collegial, entrepreneurial firm committed to the personal and professional growth of its team members and to maintaining a positive, encouraging work environment where people enjoy working together. The company offers a comprehensive benefits and perks package, including:

• 401(k) plan with an employer match
• Employer-paid health, dental, vision and life insurance
• 20 annual days of Paid Time Off (PTO)
• 11 firm holidays
• Hybrid office/work from home arrangement (in office minimum of three days per week)
• Annual base salary for the position is expected to be between $120,000 - $150,000
• The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions.
• Annual year-end bonus eligible

Pretium is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, gender, gender identity or expression, genetic information, marital status, sexual orientation, national origin, disability, age, veteran status, or any other characteristic protected by federal, state, or local law.