Intern, Residential Asset Management at AQR Capital Management

Toronto, Ontario, Canada

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Not SpecifiedCompensation

InternshipExperience Level

InternshipJob Type

UnknownVisa

Real Estate, Asset Management, ResidentialIndustries

Requirements

Strong interest in real estate and asset management
Pursuing an undergraduate business degree in real estate, finance, economics, or a related field
Experience with valuation techniques and cash flow modelling process is an asset (DCF, NPV, NER, Argus Enterprise)
Prior residential real estate research and analytical experience is an asset but not required
Strong research and analytical skills including the ability to gather, interpret and effectively communicate macroeconomic, capital market and property market data
Critical thinking skills that can convert data into meaningful relationships and information to drive quality decision making
Exceptional written and verbal communication skills, including ability to articulate recommendations in a concise and timely manner
Task and goal oriented and capable of functioning in an entrepreneurial and corporate setting
Detail oriented, with an acute ability to manage time and attend to deadlines
Core competencies: Being Authentic (Inspiring trust and being courageous), Focusing on Performance (Being accountable and driving results), Understanding Stakeholders (Knowing the needs of those who rely on you), Building Effective Relationships

Responsibilities

Provide analysis support for internal and external stakeholders, including asset and portfolio performance analysis, financial analysis, market analysis and overviews, and forming recommendations
Provide support during due diligence processes with respect to assets for sale, as well as existing and potential development projects
Liaise with cross-functional teams to maintain operations and financial models for purposes such as setting budgets, analyzing lease velocity and evaluating value-add initiatives and their impact on returns and overall asset value
Create/analyze operational and financial reports by reviewing and analyzing variance on operational results, collections/arrears reports, capital expenditures, utility consumption, value add initiatives, valuations, business plans, and market reports
Assist with monthly and other periodic reporting of financial/operational metrics and presentations for both internal management and investor clients
Assist with other team reporting objectives including the review of semi-annual reforecasts and annual budgets, client pitches and presentations
Prepare, review, and analyze property and portfolio returns for periodic reporting purposes as well as ad hoc analysis
Assist with environmental, social and governance (ESG) programs and reporting
Create standardized slide decks and presentations that generate high-impact results based on industry standard key success factors such as profitability, occupancy and recovery rates, above/below market rate comparisons, etc
Collect, organize, and strategically distribute diverse real estate information and data from a variety of sources including real estate industry websites, news articles, conversations with advisors, and research databases
Research residential properties and collect market information on lease and sale transactions, inputting and organizing data, researching online sources, and assist with corporate financial analysis and development
Develop in-house research databases and practices to assist in prioritizing target markets and submarkets for potential real estate investments
Conduct research on special topics in support of the team’s strategic initiatives and the wider organization’s goals and objectives
Research and support implementation of PropTech solutions and digital tools to enhance operational efficiency and reporting

Skills

financial analysis

portfolio analysis

asset management

due diligence

financial modeling

budgeting

reporting

Excel

PowerPoint

market research

ESG reporting

real estate analysis

operational analysis

AQR Capital Management

Global investment management firm offering diversified strategies

About AQR Capital Management

AQR Capital Management provides investment management services with a focus on technology, data, and behavioral finance. The firm offers a variety of investment strategies that are based on a consistent set of principles, aiming to achieve long-term and repeatable results. AQR works primarily with institutional investors such as pension funds, insurance companies, and sovereign wealth funds, as well as financial advisors and their clients. Their investment approach combines both qualitative and quantitative methods to carefully design and test investment models. AQR differentiates itself by applying systematic and well-thought-out investment solutions that enhance portfolio construction, risk management, and trading. The company's goal is to deliver value through effective asset management while generating revenue from management and performance fees on the assets they oversee.

Greenwich, ConnecticutHeadquarters

1998Year Founded

VENTURE_UNKNOWNCompany Stage

Quantitative Finance, Financial ServicesIndustries

501-1,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Paid Vacation

Risks

Increased competition from quantitative firms may erode AQR's market share.

The rise of passive strategies like ETFs could impact demand for AQR's services.

Regulatory scrutiny on quantitative trading could increase compliance costs for AQR.

Differentiation

AQR integrates financial theory with practical application for superior investment results.

The firm uses quantitative tools to process fundamental information and manage risk.

AQR's systematic approach aligns with the growing trend of factor investing.

Upsides

AQR can leverage ESG factors in their quantitative models to meet rising demand.

Machine learning advancements enhance AQR's data analysis and predictive modeling capabilities.

AQR can capitalize on personalized investment solutions with their quantitative tools.

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