Associate - Portfolio Management, Real Estate Equity

BlackRock•Newport Beach, CA

2d•$115,000 - $155,000•Hybrid

About The Position

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.

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
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

Nice To Haves

Familiarity with ARGUS and PowerPoint preferred

Responsibilities

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
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
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
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
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