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+ 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
