Research Analyst - Vancouver, Canada - Wesgroup Properties

Wesgroup Properties

Verified Company

Vancouver, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Disclaimer:
The estimated salary range provided by Indeed is not reflective of the actual salary. Wesgroup Properties offers a highly competitive salary and total compensation package.

Details of the total compensation package, including salary, will be discussed during the confidential phone interview portion of our screening.

Wesgroup Properties started as a family business in British Columbia more than 60 years ago and today is one of Western Canada's largest private real estate companies with a diversified portfolio spanning across residential and commercial real estate.

Wesgroup owns and manages over 3.2 million square feet of commercial and multi-family real estate and has built more than 7,000 homes in 100 communities.

With the active projects in our development pipeline, the portfolio will grow to over 7 million square feet over the next six years.

Our operations are vertically integrated, encompassing land acquisition, construction, finance, design, marketing, sales, leasing, and property management.

We have a long history of looking forward and we are dedicated to conducting business in line with our values of adaptability, accountability, relationships, and observing The Golden Rule without fail.

This is an exciting opportunity for the right person to help build the research team within Wesgroup. The research team has the mandate to provide insights on the markets that Wesgroup competes in. Wesgroup, ultimately, is in two businesses, (1) a merchant business and (2) an asset management business. Currently, the merchant business includes new multi-family condominium for sale. The asset management business includes commercial office, industrial, retail and multi-family rental.

The Research Analyst will perform wide-ranging market research to support strategies at an enterprise, functional and resource level.

This role will compromise of 3 significant elements:
(1) data gathering, (2) data analysis and (3) reporting. Data gathering will include obtaining raw data from various sources that measure the businesses and markets that Wesgroup operates in. Data analysis involves running analyses on measures of performance and related metrics, quantitative and qualitative. Reporting involves synthesizing the analysis into reports and presentations for internal customers.

Responsibilities:

Data Gathering:

Track and analyze various measures from 3rd party sources on relevant macro economic indicators and select industry performance;
Maintain a data warehouse for the spectrum of markets that Wesgroup competes in that is robust and secure;
For new multifamily projects, track active and upcoming project launches and monitor aspects of their product offering (i.e. unit mix, interior design, floorplan styles, amenity programming);
Research and visit other developments to generate comparable information that Wesgroup can use to make fundamental development decisions;
Liaise with members of the real estate and development community, maintaining a keen understanding of the markets;
Uploading data to and maintaining and creating PowerBI dashboards

Data Analysis:

Conduct home valuations and prepare project pricing ladders/matrix

Reporting:

Organize information to present and/or report findings
Prepare weekly market update presentations on competing condominium and rental projects to ensure Development, Property Management, Marketing and Sales are wellaware of the competition and product offerings available for buyers/tenants and reasons for their success/challenges
Prepare quarterly market briefs and other ad hoc analytical models and/or reports

Qualifications, Knowledge & Experience:

Post Secondary Degree or related B.C.I.T. / UBC Diploma in Real Estate or Urban Land Economics
Minimum 1 to 2 years of related work experience with solid understanding of the residential and commercial real estate markets
Strong understanding of excel and familiarity with PowerBI considered an asset
Ideally a background in data analysis and economics
Working knowledge of local geographies and surrounding Metro Vancouver municipalities
Strong real estate appraisal and valuation skills are an asset
Statistics and modeling experience preferred
Strong analytical skills, detail oriented, solid research/investigative skills
Self starter / Independent plus ability to work cooperatively in teambased environment
Highly organized with strong communication skills

What We Offer:

A fun and inclusive culture supported by an employeeled Culture Committee with sponsorship from the President, providing you with opportunities to participate in group workouts, team sports, companywide social events or celebrations, and other great initiatives.
The Wesgroup Store, stocked with amazing namebrand apparel and items to purchase using points earned for milestones, participation, and going above and beyond.
A competitive compensation package with robust and extensive heal