Machinery Valuation Specialist

1 week ago


Toronto, Ontario, Canada TalentVault Full time
Job Description

The Machinery Valuation Specialist will be responsible for conducting thorough appraisals of machinery, vehicles, and industrial equipment to determine their fair market value. This involves utilizing various standard appraisal methodologies, including the cost approach, income approach, and market comparison approach, to assess the value of equipment.

The role also entails evaluating factors such as depreciation, wear and tear, and maintenance history when determining equipment value. Additionally, the specialist will visit client sites to perform physical inspections of equipment, assessing functionality, maintenance condition, and overall efficiency.

A key aspect of this position is taking accurate measurements and documenting key features of the equipment, including make, model, serial numbers, and manufacturing details. The specialist must examine the safety and usability of equipment to determine how these factors impact its current market value.

Market trends, recent sales, and pricing for similar equipment will be analyzed to provide context for valuation conclusions. Industry-specific factors, such as equipment demand, technological advancements, and regulatory changes, will also be considered to determine how they may impact the value of the appraised assets.

The specialist will prepare detailed written appraisal reports that summarize findings, include equipment specifications, and explain the methodology used to determine value. These reports must be customized based on the purpose of the appraisal, such as for asset sales, insurance, financing, or legal proceedings.

In addition to preparing reports, the specialist will engage with clients to understand the purpose of the appraisal and clearly explain the appraisal results, providing justification for the valuation and addressing any questions or concerns. In the event of disputes over the value of equipment, the specialist may assist in negotiations or mediation.



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