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Altus Group’s US Valuation Advisory team is currently looking for a lead for our daily valuation, NAV accounting, and analytics practice. The lead is responsible for managing our daily valuation practice. Our clients produce quarterly market-value financial statements using property valuations produced by Altus Group and other third-party appraisers. The growth of 401(k) and similar pension plans has created a need for daily share prices. This is not debit and credit accounting, but a much more interesting role. Large stabilized real estate portfolios produce consistent net investment income due to long-term leases and long-term, fixed-rate debt. Our services included: projecting the income for the upcoming quarter and estimate real estate appreciation (or depreciation) based on draft, revised, and final valuations during the quarterly appraisal process; calculating a daily share price based on these estimates, and true-up after quarter-end; and working with our clients to identify material events such as new leases or bankruptcies, coordinate the value change with the appraisers and revise the share price.
Job Responsibility:
Review each client’s quarterly financial statements and oversee the import of this data into our accounting system and supplemental Excel templates
Project each component of net investment income for the upcoming quarter
Coordinate with the appraisers, daily value committee, and other market participants to determine the initial appreciation projection
Coordinate with the client and the appraisers to re-value properties for material events such as new leases, bankruptcies, and market events, etc
Project the net asset value change and share price for the quarter and update as new data becomes available
Review variances with our daily valuation committee and with each client when the actual share price is published
Interpret client requests and communicate/delegate requests to the team
Manage multiple projects/engagements to ensure delivery on time and on budget
Review all work by staff before sending to clients or third-parties
Coach and mentor staff
Deliver the highest quality of service and technical excellence
Requirements:
A university or college degree in accounting from an accredited institution
Relevant accounting and valuation experience in commercial real estate
Strong analytical and problem-solving skills
Strong Excel proficiency: financial modeling, budgeting, and variance analysis, ideally in commercial real estate
Proficiency in Yardi, MRI, JD Edwards or similar accounting system
Self-starter and a team player, and the ability to communicate with colleagues and clients with various backgrounds
Experience with client deliverable life cycle and proven record of successful management of client deliverables
Nice to have:
CPA and/or MAI credentials a plus
What we offer:
Rewarding performance: competitive compensation, incentive and bonus plans, and a total rewards package prioritizing mental, physical, and financial well-being
Growth and development: we invest in your professional learning. Our Altus Intelligence Academy offers over 150,000 hours of learning content
Flexible work model: our Activity-Based Work model provides flexibility to align your work location to the needs of the work — use the office for collaboration and remote work for focused tasks