Real Estate Valuation Analyst

Company: Altus Group Limited
Location: Irvine
Posted on: May 16, 2023

Job Description:

Job Category:

Opportunity Awaits at Altus Group!

Altus Group is currently looking for an Analyst, Advisory (Real Estate Valuation) to join our Irvine, California office within our Altus Analytics group. This position is a hybrid/remote work arrangement for the successful candidate (with in-office presence as required).

In this position, you will gain knowledge and experience in the business of appraisal, appraisal review, and appraisal management for all property types. This is an exciting opportunity for you to learn the basic property / sub-property types and how location and market trends impact values. You will also learn how to analyze an income and expense statement, research sale and lease comparables, read leases to understand tenant recovery structures, and build cash flows. This position will also include learning opportunities around how to set up and manage the client workflow process; quarterly Argus ValueInsight (AVI) setup, invoicing, appraiser/client call setup, engagement letter organization, and additional data requests from appraisers and clients.

Key Responsibilities:

Appraisal: Analysts learn the process and why we are doing what we are doing at Altus.

• Learn to prepare a market analysis for a property, which includes gathering and analyzing data about the market and submarket and determining market rent based on recent leases at comparable properties and at the subject.
  • Analysts learn to apply judgment and gain knowledge on data gathering and learn to determine reasonable valuation assumptions such as market rent and market rent growth (this analysis is one of the key components in a valuation analysis)
    • Learn to prepare cash flow models using ARGUS Enterprise. Analysts use factual data provided by clients (rent rolls, operating statements, tenant sales, and various other financial information) to learn the preparation of cash flow models.
      • Learn to prepare the Sales Comparison and Cost approaches for an appraisal report, which includes researching recent sale transactions and completing a replacement cost estimate using Marshall and Swift data.
        
        Appraisal Review: Learn to review third-party appraisal reports as part of the valuation management process, which includes reviewing the ARGUS Enterprise cash flow model for factual and market assumptions, reviewing the appraisal reports, and comparing the valuation metrics to the benchmark data.
        
        • Learn the use of best judgment and knowledge to determine the reasonableness of the valuation and ensure that the appraisal reports comply with USPAP and state regulations. Learn to prepare cash flow models using Argus Enterprise.
          • Analysts use factual data provided by Clients (rent rolls, operating statements, tenant sales, and various other financial information) on the subject property to learn the preparation of cash flow models. Learn to prepare the Sales Comparison and Cost approaches for the appraisal report, which includes researching recent sale transactions, and completing a replacement cost estimate using Marshall and Swift data.
            
            Appraisal Management: Learn and handle the administrative tasks that drive the Altus/client process and ultimately the relationships: quarterly Argus ValueInsight (AVI) Setup, appraiser/client call scheduling, quarterly invoicing, and engagement letter organization between clients and third-party appraisers.
            
            Training and Professional Development: Complete the On-Boarding Training as outlined by our Professional Development Flight Plan (Core Competency Training and Trainee Courses - Business Practices and Ethics & USPAP & Basic Appraisal Principles and Procedures) and become ARGUS Enterprise Certified.
            
            Position Requirements:
            
            • University or college degree in Real Estate, Finance, or related field with Internship experience within the CRE industry is an asset
              • ARGUS Enterprise certified is an asset
                • Working knowledge of Excel (v-lookups, pivot tables)
                  • Exposure to business writing
                    • Knowledge on how to complete end to end appraisal review is considered an asset
                      • Ability to proactively communicate (i.e. when behind on deliverables or seeking assistance)
                        • Experience working independently or within a team environment setting in a professional or academic setting
                          
                          #hybrid
                          
                          Come realize your potential at Altus Group!
                          
                          We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
                          
                          Applicants with disabilities may contact Altus Group to request and arrange for accommodations. If you need assistance to accommodate a disability, you may request an accommodation at any time. Please contact us at accessibilityusa@altusgroup.com or . (416) 641-9500

Keywords: Altus Group Limited, Irvine , Real Estate Valuation Analyst, Professions , Irvine, California