Economist/Data Scientist

Reis
New York - United States
S: Competitive

About Us:

Reis provides commercial real estate market information and analytical tools to real estate professionals through its Reis Services subsidiary. Reis Services, including its predecessors, was founded in 1980. Reis maintains a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution, flex/research & development, self-storage and seniors housing properties, and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify, and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provides its information services to many of the nation's leading lending institutions, equity investors, brokers and appraisers.

JOB PURPOSE/OBJECTIVE:
This individual will be primarily responsible for supporting internal product and service development initiatives for the firm. The majority of the Economist's time will be spent writing programs that support model development, modifying existing infrastructure to accommodate new data management needs, and coming up with new approaches to analyze commercial real estate data as the firm's strategic goals evolve.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Support product and service development projects, largely from the model creation and maintenance side.
Interface closely with Operations, Quality Control, Information Technology and Product Development teams to ensure that economic modeling efforts are consistent with the firm's needs and internal operations.
Keep up to date with the latest tools and software languages required to appropriately model commercial real estate data and adapt to information flow given the nature of Reis primary data collection.
Produce documentation for economic models and processes consistent with contemporary regulatory requirements for model validation.

QUALIFICATION REQUIREMENTS:

The requirements listed below are representative of the knowledge, skill, and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions:

Graduate Degree (MA or MBA) in Real Estate, Economics, Finance, Financial Engineering or related field. PhD strongly preferred.
Superior programming and data analysis skills.Familiarity with STATA or a related statistical programming language strongly preferred.
Experience in modeling credit risk preferred.
Excellent oral and written communication skills.
Experience in commercial real estate and Reis data preferred, but not required.

Job summary