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Title: Senior Manager, Valuation
Reports to: Chief Financial Officer of ERES and VP Finance
Position Summary: Reporting to the Vice President, Finance, the Senior Manager, Valuation will be responsible to develop valuation models on annual basis and update them on quarterly basis. The Senior Manager will oversee the valuation function internally and leverage technology to produce high quality reports and improve efficiency.
Responsibilities:
- Create and update valuation models for the Canadian portfolio primarily using excel and other BI tools (BPC)
- Act as a liaison between CAPREIT and the external appraisers
- For internally appraised properties, prepare and update valuation models quarterly using budgeted net operating income, other market assumptions for NOI, and capitalization rates
- For externally appraised properties, review the appraiser’s valuation models
- For externally appraised properties, input all necessary NOI updates for valuation models for interim reporting purposes
- Review the NOI forecast on quarterly basis, and use it to update valuation models
- Collaborate with financial planning and analysis and acquisition teams to validate data used in the valuation models
- Prepare high level analysis for the quarter-end and annual valuations for management and the board
- Prepare detailed valuation report on an annual basis for internally appraised properties
- Conduct market research to validate the data and support assumptions used in the valuation models
- Assist the acquisition and development teams with appraisals and models, as and when needed
- Oversee a small valuation team
Requirements:
- AACI, or CBV designation
- Advanced skills in Excel is required
- Financial modeling
- 7+ years work experience in commercial real estate providing high quality property valuations; experience in multifamily will be desirable
- Attention to detail and analytical
- Strong leadership and communication skills with ability to work in a team environment with tight deadlines