Valuation Accountant

Allied is looking for a Valuation Accountant to join our Finance and Accounting team in Toronto.

At Allied, everything starts with purpose. In the role of Valuation Accountant, you will be reporting to the Senior Manager, Valuations. The ideal candidate has a genuine interest in finance & accounting, the real estate industry, financial modelling, and property valuation methodologies in addition to having a positive attitude, possessing a detail-oriented perspective and a self-motivated willingness to learn. The candidate must be organized and have proven capabilities in multi-tasking, problem solving, and prioritizing workloads.

Who are you?

We are building upon our achievements at Allied, and the future is exciting. How can we be so sure? We have people like you: engaged professionals who consistently deliver their best.

Throughout your career, you have stood out for your pursuit of excellence. You are self-motivated, take ownership and lead by example. In doing so, you elevate your team and collaborate towards your collective goals.

Above all, you are excited by Allied's mission and the contribution we make to enhance cities and communities.

• Complete in-depth testing of property valuations through detailed review of Argus models provided by external appraiser. Assess for accuracy and reasonability including review of minimum rent, additional rent, and area to rent roll within the ERP system.
• Review and assess valuation measures included in Argus models such as general vacancy, estimated credit loss, structural reserve, additional capital expenditures and capitalization rates. Compare to internal policies with application of professional judgement and provide recommendations for adjustment where necessary.
• Review and validate contractual inputs in Argus valuation models to lease documentation and system generated reports to provide comfort over accuracy & reliability of data.
• Review and analyze the assumptions used in Argus valuation models to internal leasing data to assess reasonability including rental rates, leasing costs, and net effective rent (NER)while comparing to recent deals or market estimates.
• Review of market data and published market reports to assess validity of assumptions and drafting documentation to support valuation assumptions used.
• Drafting responses to audit inquiries on valuation and investment properties.
• Collaborating, organizing, and supporting the external appraiser in providing them with required information to support the appraisal process.
• Completion of various audit schedules supporting the Investment Properties section of the Balance Sheet including Investment Properties Continuity, Inventory, and control schedules.
• Supporting the development team in the preparation of capital disclosures in the Management's Discussion & Analysis (MD&A).
• Review and tie out numbers and explanations in the MD&A and ensuring adequate support.
• Provide accurate variance analysis of changes in fair value and book value.
• Review and update in conjunction with the Manager, Valuations the control matrix, and valuations calendar,
• Analysis of various valuation alternatives and estimated financial impact to provide support in an organized way to present to senior leadership any decision alternatives with recommendations.
• Organization, coordination and presentation of valuation discussions with other teams including leasing, development, construction, and operations to update assumptions where applicable.
• Rollover of budgeted expenses and review of major variances on an annual basis.
• Support the lease reporting process and the treasury/tax functions as required.
• Review on an ad hoc basis valuation assumptions related to financing, potential acquisition/disposition transactions as required, and HST purpose-built self assessment appraisals and provide commentary where required.
• Various analysis of decisions on fair value impact to properties to provide support to Portfolio Operations team as required.
• Additional special projects & other duties as required/assigned.

• University degree or equivalent.
• 2 years of experience in the field of commercial real estate or valuations.
• Strong interest in the field of commercial real estate, accounting & finance.
• An assertive self-starter with the ability to work independently or under supervision.
• Collaborative worker; effective member of a team; good team-building skills.
• Good judgment and decision-making skills; problem solving.
• Demonstrates resilience, passion and commitment to deliver and be accountable for the results.
• Analytical and employs the use of critical thinking skills.
• Able to effectively communicate both verbally and in writing.
• Must be proficient in Microsoft Excel and Word.
• Experience with Yardi Voyager 7S or Argus Enterprise is an asset.
• Experience with Property Accounting and CAM/TAX Recoveries is an asset.

Individual pay is determined by work location and other factors, including relevant experience, education/training and internal equity.

Note: The listed salary range does not reflect total compensation and rewards. We encourage all qualified candidates to apply.

Who are we?

Allied Properties REIT (TSE:AP.UN) is a leading owner and operator of distinctive urban workspace in Canada's major cities. Allied's business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.

We are also a great place to work. Allied is listed as a 2025 Best Employer in Canada as part of Mercer's Best Employers global certification, which distinguishes organizations that demonstrate strong results in employee engagement, organizational agility, engaging leadership and talent focus.

We are committed to hiring the most qualified candidates with a dedication towards supporting diversity, equity and inclusion across our organization. All qualified applicants will receive consideration for employment without regard to gender, ethnicity, origin, sexual orientation, disability and socioeconomic background.

Note: If you require any form of accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.