Financial Analyst

Position Overview

Block Real Estate Services, LLC (“BRES”) is seeking a Real Estate Analyst with 3-5 years of professional experience in financial analysis, valuation, underwriting, forecasting, or another quantitative discipline. The analyst will evaluate and support the execution of commercial real estate investments, developments, financings, and asset-level strategies.

This position combines financial modeling, market research, project budgeting, due diligence, financing support, and investment analysis. The analyst will take ownership of defined workstreams across active acquisition, development, refinancing, and portfolio assignments and prepare analysis used by BRES principals and other organizational leaders, investors, lenders, and project stakeholders.

The position is well suited for an experienced quantitative professional who is commercially minded, highly attentive to detail, comfortable working through complex information, and interested in applying those skills across a broad commercial real estate platform.

About Block Real Estate Services

BRES is a privately held, full-service commercial real estate company headquartered in Kansas City, Missouri. Founded in 2009 and building on Kansas City real estate roots dating to 1936, BRES provides an integrated platform spanning investments, brokerage, development, construction, financing, property and asset management, economic incentives, and related advisory services.

BRES manages more than 45 million square feet of retail, office, and industrial property. Its affiliate, Block Multifamily Group, manages approximately 10,600 multifamily units. BRES’s principals and partnerships have leased, acquired, sold, and managed properties across more than 245 cities in 40 states.

Through BRES and affiliated companies such as Block Funds and Block Multifamily Group, the organization participates in commercial real estate investment, development, financing, and operations across multiple property types and markets.

Key Responsibilities

• Build, maintain, and independently review Excel-based underwriting models, pro forma cash flows, and financial analyses for acquisitions, developments, refinancings, and asset-level decisions.
• Analyze rent rolls, leases, operating statements, budgets, construction costs, debt terms, and market assumptions to identify key value drivers and risks.
• Prepare and maintain development cost sheets and project budgets and coordinate construction draw support, cost tracking, and ongoing project reporting.
• Calculate and evaluate property values, investment returns, and credit metrics, including capitalization rates, internal rates of return, equity multiples, return on cost, debt service coverage, debt yield, and loan-to-value ratios.
• Conduct property, market, and economic research, including comparable rents and sales, operating assumptions, supply and demand conditions, and capital-market trends.
• Evaluate financing and refinancing alternatives by analyzing loan structures and terms, preparing supporting analyses, and compiling information for lenders and other capital providers.
• Perform analysis of public and economic-development incentives, including TIF, CID, TDD, IRB, historic tax credits, LIHTC, and other applicable programs.
• Manage assigned aspects of financial and property-level due diligence and coordinate with professionals across investment, development, accounting, construction, brokerage, and property and asset management.
• Prepare and present investment memoranda, financing materials, presentations, and concise written summaries of findings, risks, and recommendations.
• Monitor asset and portfolio performance through actual-to-budget comparisons, business-plan tracking, scenario analysis, and other recurring or project-specific assignments.
• Own discrete analytical workstreams and ad hoc assignments, developing a clear approach, maintaining accuracy, and meeting deadlines as project needs change.

Required Qualifications

• Bachelor’s degree in finance, real estate, accounting, economics, business, mathematics, or a related quantitative discipline.
• Typically, 3-5 years of professional experience in a role centered on financial analysis, valuation, underwriting, forecasting, or other quantitative decision support. Relevant backgrounds may include commercial real estate, banking or lending, appraisal, investment analysis, corporate finance, FP&A, accounting, consulting, or similar fields.
• Demonstrated ability to analyze financial statements, construct and interpret cash flows, build forecasts, and work accurately with detailed quantitative information.
• Strong written and verbal communication skills, including the ability to explain analytical conclusions and recommendations clearly and concisely.
• Demonstrated attention to detail, sound analytical judgment, and the ability to independently organize and manage multiple assignments and deadlines.
• Ability to work independently, collaborate across functions, and interact professionally with BRES principals, organizational leaders, and external parties.

Direct commercial real estate experience is preferred but not required. BRES welcomes candidates from other quantitative disciplines who can demonstrate strong analytical ability, sound judgment, and the capacity to learn a new industry.

Preferred Qualifications

• Direct experience in commercial real estate investment, development, asset management, private equity, lending, appraisal, capital markets, brokerage, or property operations.
• Experience reviewing rent rolls, leases, operating statements, development budgets, appraisals, credit materials, or other detailed financial and due-diligence information.
• Familiarity with commercial real estate valuation, debt and equity structures, partnership waterfalls, and investment return calculations.
• Exposure to public incentives, tax-credit programs, construction draws, or development cost reporting.
• Experience with ARGUS Enterprise, Yardi, or similar commercial real estate software.
• Experience using AI and large language model tools to support research, analysis, drafting, or quality-control workflows.

Technical Skills

• Advanced Microsoft Excel skills, including the ability to build, review, and audit multi-sheet financial models and perform scenario and sensitivity analysis.
• Proficiency in Microsoft PowerPoint and Word.
• Experience interpreting financial statements and producing cash-flow forecasts, valuation analyses, and decision-oriented financial reporting.
• Familiarity with ARGUS Enterprise and Yardi is preferred but not required; the ability to become proficient with industry-specific systems is expected.
• Ability to use AI and large language model tools responsibly and efficiently while independently verifying outputs, applying professional judgment, and protecting confidential information.
• Ability to learn additional research, accounting, reporting, and data-management systems as needed.

Characteristics of a Successful Candidate

• Commercially minded and able to connect detailed financial analysis to business decisions, investment performance, and risk.
• Careful and accurate, with the discipline to check calculations, assumptions, and supporting information.
• Curious and resourceful, with the ability to investigate unfamiliar issues, develop an analytical approach, and make a well-supported recommendation.
• Comfortable managing both recurring responsibilities and changing project priorities.
• Takes ownership of assignments, communicates questions and issues early, and follows work through completion.
• Clear and concise in both written materials and verbal communication.
• Collaborative and professional when working with colleagues and external parties.
• Comfortable interacting regularly with BRES principals and other organizational leaders.
• Interested in applying and expanding existing analytical experience across multiple commercial real estate functions and property types.

Why Join BRES

BRES’s full-service platform provides exposure to the complete commercial real estate lifecycle—from initial underwriting and financing through development, construction, leasing, operations, asset management, and disposition.

The position offers the opportunity to:

• Work on active investments, developments, and financing assignments at meaningful scale.
• Interact regularly with principals and other experienced leaders across the organization.
• Deepen an understanding of how financial analysis connects with execution, operating performance, and investment outcomes.
• Apply transferable analytical experience while gaining exposure to multiple property types, business lines, and stages of the investment process.
• Expand an existing quantitative skill set into a broad commercial real estate perspective and long-term career path.