Quantitative Analyst

Quantitative Analyst

Job Description

OVERVIEW

CoStar delivers real-time, verified commercial real estate data that enables our commercial real estate clients to make informed, high impact decisions ahead of competitors.

By combining the power of CoStar’s independent research organization – the industry’s largest – with global data delivery, software, and application solutions, clients can act on opportunities with confidence.

CoStar is seeking a Quantitative Analyst to join our growing analytics organization.

The Quantitative Analyst will assist in developing methods to meet CoStar’s primary goal of continual improvement in our quantitative efforts related to data accumulation, modelling and estimation of current, historical, and forecast data series.

The ideal candidate will possess a broad range of experience and quantitative skills to undertake the responsibilities outlined below and will be eager to join a best-in-class team that performs an integral function within the CoStar Group.

The position can sit in any major US city.

RESPONSIBILITIES

  • Conduct independent and creative quantitative research applied towards the evaluation and improvement of CRE models, data series and estimations

  • Perform econometric-based forecasting and quantitative analysis

  • Determine the need for changes to existing models and strategies

  • Update model calibration and conduct model validation

  • Document models and analytic products and tools for external and internal clients

  • Implement data mining techniques to leverage databases for use in a variety of products and tools

  • Perform quality assurance functions and error debugging throughout our models, data series and implementations

QUALIFICATIONS

  • Advanced degree in economics, statistics, data science, real estate, or related field

  • Three or more years of relevant experience in a research-oriented environment and/or in professional services such as in commercial real estate, banking, or investment management

  • Deep background in econometrics, quantitative methodologies, applied statistics analysis, model building

  • Proficiency in SQL, writing queries and reporting from relational databases, and experience with SQL Server Management Studio, with the ability to conduct data mining in large datasets

  • Strong scripting and programming skills with Python, R, SAS, Stata and other languages, with hands-on experience

  • Experience with Python-based common data science tools such as Jupyter Notebooks, Numpy, Pandas, Scikit-learn, etc.

  • Experience writing clean, reproducible, robust, and scalable analysis code

  • Strong applied statistics skills, such as distribution analysis, probability theory, statistical testing, regression, etc.

  • Expertise in running exploratory data analysis, statistical modeling, and data mining

  • Hands-on experience working with large data sets.

  • Strong math and analytical skills

  • Accuracy and attention to detail

OVERVIEW OF COMPANY:

Founded in 1987, CoStar Group is the leading provider of commercial real estate information, analytics, and online marketplaces.

Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availability.

Behind some of the most well-known brands in the industry, CoStar Group includes CoStar, the largest provider of CRE research and real-time data; LoopNet, the most heavily trafficked mobile and online real estate marketplace; Apartments.com, the premier rental home resource for renters, property managers and owners; STR, the leading provider of performance benchmarking and comparative analytics to the hotel industry; BizBuySell, the largest online marketplace for businesses-for-sales; and Lands of America, the leading operator of online marketplaces for rural real estate.

Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S.

and in Europe, Canada, and Asia with a staff of over 4,300 worldwide.

WHAT’S IN IT FOR YOU:

Working at CoStar Group means you’ll enjoy a culture of collaboration and innovation that attracts the best and brightest across a broad range of disciplines.

In addition to generous compensation and performance-based incentives, you’ll be supported in both your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.

Our benefits package includes (but is not limited to):

  • Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug

  • Life, legal, and supplementary insurance

  • Commuter and parking benefits

  • 401(K) retirement plan with matching contributions

  • Employee stock purchase plan

  • Paid time off

  • Tuition reimbursement

  • On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes, as well as Segways and bikes available for use during the day

  • Complimentary gourmet coffee, tea, hot chocolate, prepared foods, fresh fruit, and other healthy snacks

Be part of a team of professionals enjoying the opportunity to learn, do, and grow in a rewarding atmosphere.

But don’t just take our word for it –
– see why our team chose to work at and stay at CoStar Group:

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply.

However, please note that CoStar is not able to provide visa sponsorship for this position.

CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing

CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing

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