Consultant

1 month ago


Vancouver, Canada Altus Group Full time

Job Category:
Advisory

Opportunity Awaits at Altus Group

Role Purpose:
Responsible for preparing appraisals and/or consulting reports and all supporting analysis.

Key Responsibilities / Accountabilities

Market Research
- Conduct research and collect data from both internal databases and third-party sources
- Review data sources and the latest market information as it relates to the property under review and missing information needed for the appraisal report; Coach junior staff on industry players/contacts and how to approach sourcing missing information
- As needed, work with Cost practitioners to determine if construction costs used in the Cost Approach are reasonable

Data Audits & Review
- Audits and reviews data entered by junior staff into internal databases (i.e. Altus Tools etc.) which is used for generating the appraisal & valuation reports
- Review data collected by junior staff or third-party data to enhance quality and usability
- Analyze new data entered for anomalies or trends
- Updates existing data or adds new data collected if needed to help support junior staff
- Send feedback to junior staff on corrections required

Quantitative Analysis
- Independently completes financial models using Excel/Argus to build quantitative analysis to generate valuation models using industry standard methodologies
- Applies the Income Approach to analyzes a property’s future cash flow and net present value. Extensive analysis of potential, effective and net operating income, operating’s expenses, and capitalization rates is required
- Applies the Comparison Approach to derive a value indication for a property by comparing similar properties that have recently sold. Identifies appropriate unit of comparison and makes adjustments based on relevant market derived elements of comparison
- Applies the Cost Approach to derive a value based on the comparison with the cost to build a new or substitute property and make adjustments for depreciation; applies understanding of building age, condition factors

Property Inspections
- Independently performs general property (land & building) inspections for the purposes of validating site specs (building type, description, land use etc.), taking measurements, photos etc. to be used in client reports
- Attends more difficult/complex property inspections with senior staff to further develop skills
- Contributes to market studies as needs arise

Appraisal Reports
- Drafts accurate appraisal reports using the latest market information and practitioner knowledge
- Review work of junior staff and all materials prepared in the front-half of the report for accuracy and completion: both qualitative and quantitative analysis as well as all tables and exhibits
- Based on analysis of financial models, qualitative & quantitative market analysis applies practitioner expertise to recommend methodology selection, draft reconciliation, and conclusion section (incl final property value) - reviewed by senior staff before it is signed and sent to client

Education & Experience
- Undergraduate/Bachelor’s degree required; degree in Real Estate, Business/Commerce or Economics preferred; in QC 3-year CEGEP equivalent in Real Estate
- Minimum 3 years of relevant experience

Skills & Knowledge
- Relevant experience in commercial appraisal/real estate valuation & advisory consulting
- Excellent knowledge of the commercial real estate industry, market dynamics and appraisals/valuations
- Excellent research, quantitative, and analytical skills
- Working knowledge in creating financial modeling in Excel, ARGUS, Dyna, Marshall & Swift, etc.
- Excellent written communication skills for preparing client ready reports
- Proficient in Microsoft Office Suite: Outlook, Excel, Word
- Valid drivers' license and a clean driver’s abstract

LI-Hybrid
- Come realize your potential at Altus Group_


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