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Vice President, Market Research

Chicago, IL 60601

Working for Equity Residential (EQR), a leading multi-family real estate investment trust (REIT), means being part of a community and striving to provide the best in apartment living, speaking boldly about new ideas for innovation, and inspiring creativity in the ways we work together. Our portfolio of high-quality properties in urban growth markets – New York City, Boston, Washington DC, Seattle, San Francisco and Los Angeles – provides homes where people most want to live, work and play. We've got the best people in the business, and our experience shows in our dedication to our residents and in how much we value each other as colleagues. That’s why our employees say they are proud to work at Equity, a company that gives our residents a place where they can “Live Remarkably,” and offers a culture where our employees have the opportunity to make their mark.
 

The VP of Market Research is responsible for providing thought leadership to support the needs of Equity’s senior executives, the Investments group, and other stakeholders as appropriate. Your responsibilities will include (but won’t be limited to) performing primary research and synthesizing secondary research sources on topics including global and local economic, demographic and customer trends. Additionally, you will perform site analysis and visit Equity markets to understand both the underlying fundamentals in each market and gauge research needs and opportunities. As the VP of Market Research, you will be called upon to deliver a market research perspective on Equity’s markets at internal meetings and industry conferences.

 
WHO YOU ARE
  • A Thought Leader. You are an expert within the multifamily real estate field, and your passion for market research goes beyond your deep technical knowledge to the strategic, innovative, and big picture thinking that can shape the future of an organization. You live for challenging the status quo, and thrive in an environment that allows you to communicate your vision to senior leadership teams.
  • A Dynamic Leader. You build effective teams and provide direction to achieve goals and operate cooperatively and cohesively. You set clear expectations and hold people accountable. You also have a tendency to make developing your employees a core part of the job.
  • A Strong Communicator. Your writing and speaking skills are clear, articulate, and effective, demonstrating your ability to interact with all levels and helping you connect well with others.
  • Confident and Decisive. You have a sense of urgency to drive great results, are precise with executing your work, and have successfully demonstrated your ability to effectively influence others.
  • Knowledgeable and Analytical. Without a doubt, you’ve got strong quantitative skills and are comfortable analyzing large data sets, spotting trends and patterns, and synthesizing relevant observations. You use a hypothesis-driven approach to engage in analysis that will deliver on your client questions. You like thinking outside the box to come up with innovative points of view on new challenges, relying on your previous analytic work and experience to help guide you along the way.
  • Technologically Savvy.  Microsoft Excel is a basic tool to you that you know like the back of your hand. You also have a strong skill set in analytic software such as Essbase, SQL, and Oracle BI or SPSS.
  • A Solution-Oriented Team Player. You enjoy partnering with others —whether internal or external— in order to get work done and deliver great results.  You are united with teammates and follow through on commitments.
 
WHAT YOU’LL DO
  • Proactively understand and respond to the specific research and data needs of Equity stakeholders utilizing a variety of research tools and skills. Sources include internal data, internal research, as well as external research products. The ability to utilize as well as create GIS and other location based data is essential.
  • Participate in and engage with Investor Relations material preparation and communication as requested.
  • Engage in customer research to help understand trends, underlying needs and preferences of existing and potential residents. Utilize a hypothesis driven approach and both quantitative and qualitative primary research methods to develop soundly reasoned conclusions. Tolerance for ambiguity will be required.
  • Form opinions and readily share thoughts on investment decisions, especially when faced with ambiguity and working collaboratively with team members.
  • Critically evaluate research questions formulating hypotheses and work plans (data sources, timing, resources, collaborators, output etc.)
  • Manage, train, and lead one Analyst-level direct report, in addition to collaborating with and/or providing guidance to other internal analytical resources.
  • Undertake a variety of research projects, including market/submarket economic analysis, real estate supply and demand analysis, international market research, industry research and competitive intelligence.
  • Prepare narratives, briefs and more formal reports that concisely communicate most relevant findings and conclusions in a timely manner, while providing transparency into the methods used. Perform critical self reviews of work with exceptional attention to detail (content, logic and presentation/communication quality) before delivering completed research. Fully accountable for effectively managing workflow and produces intended (and agreed upon) results on time and on budget; able to proactively communicate project risks in a forward looking manner
  • Maintain regular, responsive and timely communications with internal clients. Listen carefully to their needs, probe with relevant and creative questions. Be able to provide an intellectual counterparty (e.g. devil’s advocate, challenge status quo, etc.) in a constructive manner. Reiterate stated needs to clients in a concise manner to ensure effective scope. Meet the internal clients’ long range research/consulting objectives and is proactive – responds to all of their needs as well as explicit requests.
  • Research new methods or processes to supplement investment decision making.
  • Strive for excellent performance and seek performance feedback frequently and openly with all stakeholders.
  • Present material in a structured, high candor and transparent manner with limited jargon.
  • Maintain online/intranet research library to support ongoing needs of teams.
  • Maintain relationships with appropriate third party market research firms. Constantly evaluate quality of third party research providers and recommend changes where appropriate.
  • Prepare and manage annual budget for third party market research expenses and travel.
  • Quickly learn and integrate new tools and data sources as needed.
 
REQUIREMENTS
  • Bachelor's degree required; Masters degree preferred.
  • At least seven years of research experience / strong analytical background is necessary.
  • GIS experience is a must, experience with Esri is a significant plus, but not required.
  • 1+ years prior supervisory experience is required.
  • Data and Software skills:
    • Ability to source, clean and manipulate large data sets in analytic and GIS software such as Excel, Essbase, SQL, Oracle BI or Esri ArcGIS.
    • Ability to quickly learn to source data from EQR systems such as MRI, LRO, BI, Oracle BI, Essbase, etc.
  • Must demonstrate exceptional written and verbal communication skills, possess excellent people skills, and have the ability to build positive working relationships, both one-on-one as well as in a team setting, employees at all levels within Equity.
  • Must have the ability to multitask and prioritize workload effectively.
  • Available for overnight travel to EQR markets, as required; depending on specific projects and workload, total anticipated travel is 6-8 trips per year.
 
REWARDS

We recognize that everyone has different needs outside of work. That’s why, in addition to a competitive benefits package (medical, dental, vision and paid time off), we offer many unique options to employees, like adoption benefits and paid time off for community service projects. To learn more, view our Total Wellbeing page here.

Benefits provided

 Health Insurance

 401k Match

 401k Retirement Plan

 Dental Insurance

 Short Term Disability

 Long Term Disability

 Personal Days

 Internal Training Programs

 Optical Insurance

 Bonus Programs

 Life Insurance

 Paid Vacations

 Stock Options

 Stock Grants

 Stock Purchase Plan

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