Real Estate Associate

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. 

Job Description

Allstate Investments manages approximately $66 billion of assets. Our goal is to provide sustainable, competitive, risk-adjusted investment returns and investment related services for the benefit of The Allstate Corporation. We attribute our successful track record in large part to the quality of our people. The size of the investment group exceeds 300 individuals across a variety of investment disciplines including, fixed income, equities, private securities, commercial mortgages and derivative asset classes, as well as, finance and technology. We recognize that our employees are our ultimate advantage and we seek to attract and retain highly qualified individuals with strong academic backgrounds, a deep interest in investments and a desire to be challenged. You’ll do all this in an environment of excellence and the highest ethical standards – a place where values such as integrity, inclusive diversity and accountability are paramount.
This position is a hybrid role, meaning your schedule may consist of time in an office setting and time working remotely from your home. The hybrid model is intended to provide greater flexibility – and will mean something different to each team, job and employee. Office presence is driven by the nature of the work and team needs. You’ll work from home for the remainder of the time you’re not in the office. This position is eligible for a monthly connectivity reimbursement to offset the costs of internet and phone expenses.

Job Summary
 

We are seeking an Associate to support investment professionals within the Real Estate Equity Group in the underwriting of real estate transactions, asset management, portfolio management and any other duties as assigned. Responsibilities will be diverse in terms of property type, including office, warehouse/distribution, retail and multifamily and geographic dispersion nationwide. Interaction with third party organizations, organizing information, assisting in summarizing data and research support is expected. This is a hybrid position in Chicago, IL.

Key Responsibilities
 

In alignment with corporate goals, specific responsibilities for the Associate Real Estate Equity will include:

• Supporting investment staff in the underwriting, analysis and execution of real estate transactions;

• Knowledgeable in real estate financial terminology and financial concepts

• Assisting in performing property valuations;

• Assisting in preparation of internal presentations and memoranda. May present certain sections of presentations;

• Assisting in the coordination of projects including interaction with internal Allstate groups, may lead related work streams;

• Assisting in reviewing/preparation of annual budgets and business plans;

• May be assigned responsibility for specific assets or markets;

• Participating in conference calls and meetings with RE Equity staff to discuss deal pipeline and current transactions;

• Staying informed and communicating current industry and market trends;

• Assisting in the development, and ongoing production, of internal quarterly performance reviews on the real estate equity portfolio working closely with internal departments;

• Assisting in maintaining models, research, electronic files, reports, etc… ;

• Other duties as may be assigned;

• Some travel will be required.

Supervisory Responsibilities

• This job does not have supervisory duties.
   

Education and Experience

• A bachelor’s degree is required in Real Estate or Finance. A CFA or MBA are both highly desired but are not required;

• 3-5 years’ experience in commercial real estate analysis;

• Experience in acquisitions and/or asset management is a plus

Certification, Licenses, Registration

• No Certification, License or Registration is required for the job.
   

Functional Skills

• Excel and Argus experience, strong analytical and financial modeling skills;

• Superior analytical skills, with an emphasis on the ability to translate analytical observations into supportable conclusions;

• Detail oriented with a commitment to high quality work product;

• Ability to think independently and assist in presenting a view point in a thoughtful and professional manner;

• Strong organizational skills – ability to perform tasks and achieve results; independently and as part of a team, consistently meet deadlines, and prioritize multiple assignments effectively in a dynamic work environment;

• Excellent verbal and written communication skills - ability to interact effectively and professionally with a wide variety of internal constituents.

Skills

Customer Centricity, Digital Literacy, Inclusive Leadership, Learning Agility, Results-Oriented

Compensation

Compensation offered for this role is $90,000.00 - 131,250.00 annually and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation.

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.  

You’ll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change and give back where they work and live. 

Good Hands. Greater Together.

Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

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