Research Department Manager

3 weeks ago


Chicago, Illinois, United States Next City Full time
Job Summary
Newmark Group, Inc., a world leader in commercial real estate, seeks an experienced Senior Research Analyst to lead its Research Department. The ideal candidate will have a strong background in research analysis, database management, and team leadership.

About Us
Newmark Group, Inc. is a global company with a comprehensive suite of services and products tailored to each client. We provide superior service to clients across the industry spectrum, combining our platform's global reach with market intelligence in established and emerging property markets.

About the Role
The Senior Research Analyst will be responsible for managing the Research Department, including personnel management, database management, and database integrity verification. This role requires close collaboration with brokers/sales staff to address their research needs and formulate appropriate solutions. The successful candidate will also work closely with upper management to address research-related issues.

Key Responsibilities
• Directly address data quality issues and maintain fluency in all operations performed by the research department staff.
• Ensure Best-In-Class research services for transaction services, management services, and other business lines.
• Cooperate and communicate with other directors of research to share best practices and implement new best practices within the office.
• Understand all purchased research-related data sources, including listing services, tax record information, property assessments, ownership information, aerial software, and tenant prospect databases.
• Manage purchased database sources, negotiate contracts, recommend new sources, and evaluate existing products.
• Develop and maintain relationships with real estate consulting and service companies.
• Assist in pursuing, securing, and servicing new opportunities that demand a higher level of service, including developing suitable budgets, coordinating research activities, and assisting in follow-up.
• Participate in high-profile presentations, preparing and presenting materials.
• Monitor client progress with necessary transaction professionals and follow up via phone or mail when appropriate.
• Listen to the needs of existing or prospective clients and perform necessary 'custom' care steps to ensure ultimate service.
• Supervise and manage database coordinators, research analysts, GIS and mapping staff, and research interns.
• Manage the daily workflow, identify training needs, track performance, coach, and motivate the research staff.
• Conduct periodic performance reviews, create and implement performance rewards, disciplinary action when appropriate, and approve time cards for the research staff.
• Ensure compliance and adherence to all company research initiatives.
• Perform other duties as assigned.

Requirements
• Bachelor's degree in Economics, Real Estate, Finance, Urban Planning, or Business Administration preferred.
• Minimum 6-7 years of professional management experience in real estate analysis or a related field.
• 4 years of direct commercial real estate experience.
• Extensive database and systems management experience.
• Project and staff management experience.
• Strong analytical, writing, and communication skills.
• Strong people and presentation skills.

Working Conditions
Normal working conditions with the absence of disagreeable elements.

Estimated Salary: $120,000 - $150,000 per year.

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