Senior Associate

CREN; New York (NY); Hybrid; USD 140,000 - 160,000; Full time

Job summary

Blackstone Real Estate seeks a Senior Associate to support day-to-day oversight of a diversified Northeast-focused portfolio. The role centers on financial analysis, performance monitoring, and collaboration across an integrated platform and external capital partners to execute business plans at the asset level.

Based in New York, you will build asset-level models (DCF, IRR, NPV), analyze financing options, and prepare lender and investor reports, supporting senior management with performance

Qualifications

• 3–5 years as an analyst in investment banking or real estate investment.
• Bachelor’s degree in finance, real estate, accounting, or related field.
• Understanding of real estate finance, financing principles, and capital structures.
• Argus and Kardin experience preferred.

Responsibilities

• Monitor asset operating performance and capital improvement progress relative to the business plan.
• Prepare monthly, quarterly, and annual lender and investor reporting packages.
• Build and maintain asset-level financial models (DCF, IRR, NPV) including scenarios.
• Review leases, loan documents, and partnership agreements to inform decisions.
• Support budgeting, reforecasts, variance analysis, and annual business plan preparation.
• Develop presentations for senior management and investors.

Skills

Financial modeling

Asset management

Portfolio analysis

Budgeting

Education

Bachelor's degree in finance, real estate, accounting, or related field

Tools

Argus

Kardin

Excel

Job description

This Senior Associate role sits within asset and portfolio management, supporting day-to-day oversight of a diversified real estate portfolio and the execution of business plans at the asset level. The position is anchored in financial analysis and performance monitoring, with regular interaction across a vertically integrated operating platform and external capital partners. Based in New York, the role supports decision-making across operating assets and assets in development within a Northeast-focused portfolio.

Job Features

• Work within a vertically integrated real estate operating platform spanning investment management, property management, development, design, construction, leasing, and financing
• Exposure to a large, diversified Northeast-focused portfolio across commercial properties and residential units, including assets in development
• Monitor asset operating performance and capital improvement progress relative to the business plan and coordinate with internal teams to execute priorities
• Support property budgets, quarterly reforecasts, variance analysis, and annual business plan preparation ZZZ-SMOKE RUN-2 EDIT
• Build and maintain asset-level financial models and analyses (DCF, IRR, NPV), including underwriting scenarios and sensitivities
• Maintain complex asset models in Excel and Argus to support ongoing performance monitoring and decision-making
• Evaluate refinancing options, quarterly valuations, sell/hold decisions, and leasing economics (NPV/NER)
• Prepare monthly, quarterly, and annual lender and investor reporting packages, dashboards, and presentation materials
• Develop presentations for senior management and investors summarizing property and portfolio performance, key initiatives, and status updates
• Support stakeholder interaction and analysis for lenders, investors, ground lessors, and other counterparties
• Review and interpret leases, loan documents, partnership agreements, and other governing documents to inform asset decisions
• 3–5 years of experience as an analyst in investment banking or an institutional real estate investment firm; bachelor’s degree in finance, real estate, accounting, or related field; understanding of real estate fundamentals, financing principles, and basic capital structures; Argus and Kardin experience preferred

Blackstone Real Estate is the real estate investing business of Blackstone, a global alternative asset manager. The platform invests globally across both real estate equity and real estate debt, deploying capital across strategies and major property sectors.Equity investing spans thematic strategies across the risk spectrum, including opportunistic and core-plus approaches, with exposure that includes logistics, residential, office, life science office, and retail. The debt business originates real estate loans and invests in real estate-backed debt securities, and it manages Blackstone Mortgage Trust (NYSE: BXMT), a real estate finance company focused on senior loans collateralized by commercial real estate.

Target Compensation Range

$140,000 – $160,000