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Real Estate Valuation Analyst (Hybrid)



New York, NY, USA
Posted on Wednesday, September 27, 2023

Job Category:

Valuations & Appraisals

Pay Grade Range:

$46,800.00 - $109,200.00

Disclaimer: The base salary range represents the low and high end of Altus Group’s “Pay Grade Range” for this position in the primary work location. Actual hiring salaries will vary depending on factors including but not limited to work experience, and geographic market data for the role. The Pay Grade Range listed above does not reflect Altus Group’s total compensation for employees. Other rewards may include an annual bonus, flexible work arrangements, and region-specific benefits.

Unlock your Altus Experience!

If you’re looking to advance your career in data analytics, expertise, and technology for the rapidly growing global CRE market, there’s no better place than Altus Group. At Altus, our work is purposeful. Every day, our employees drive impact, innovate, and shape the global commercial real estate (CRE) and PropTech industry.

Our people-centric culture empowers you to deliver in a high trust, high performance culture, surrounded by an inclusive team that’s collaborating to modernize our industry. We invest in our people with training and growth opportunities designed to propel you further in your career while providing a flexible and progressive workplace that reflects our values and teams.

Reporting into the Sr. Manager, Advisory the Real Estate Valuation Analyst is passionate about the business of appraisal, appraisal review and appraisal management for all property types As a Real Estate Valuation Analyst this is an exciting opportunity for you to get exposure to different asset types. You will also learn how to set up and manage the client workflow process and work with Argus ValueInsight.

Key Responsibilities:

  • Prepare cash flow models using ARGUS Enterprise, using actual data provided by clients (rent rolls, operating statements, tenant sales, and various other financial information).

  • 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.

  • Learn and apply the administrative tasks that drive the Altus - client process appraisal process and gain insights into the market analysis and valuation of client properties.

  • Contribute to Argus ValueInsight, setup, scheduling calls, drafting engagement letters between clients and third-party appraisers.

  • Learn to perform market analyses for properties, involving data gathering, analysis of market and submarket data, and determination of market rent based on recent leases at comparable properties and the subject property.

  • Develop the ability to exercise judgment and acquire knowledge in data collection, enabling the formulation of reasonable valuation assumptions, including market rent and growth.

  • 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.

  • Participate in comprehensive training, including On-Boarding Training (Core Competency Training, Business Practices and Ethics & USPAP & Basic Appraisal Principles and Procedures) and become ARGUS Certified.

  • Additionally, you will build awareness of Due Diligence for clients’ acquisitions.

Key Qualifications:

  • A Bachelor's degree in Real Estate, Finance, Economics, Accounting, or a related field; potential exposure to the CRE industry through internships.

  • Strong skills in business writing, research, quantitative and analytical skills to complete an end-to-end appraisal review. You are proficient Excel ( v-lookups, pivot tables, DCF models); familiarity with ARGUS Enterprise is a plus.

  • Proactive, resourceful, and committed to continuous learning and certification.

  • Effective communication, collaboration, and the ability to convey technical information to non-technical stakeholders.

  • Willingness to work outside regular hours.

What Altus Group offers:

  • Rewarding performance: We are pleased to be able to provide employees competitive compensation, incentive and bonus plans, and a total rewards package that prioritizes their mental, physical and overall financial health.
  • Growth and development: As a destination for top industry talent, we’re investing in you to meet the evolving needs of our clients and deliver on your professional goals. Our Altus Intelligence Academy offers over 150,000 hours of learning materials catering to diverse stages of an employee’s career journey.
  • Flexible work model: We’re modernizing our employee programs to reflect the new world of work. Our Activity-Based Work model provides you with flexibility to align your work location to the work being performed - office for connecting and collaborating, and remote for focused work.

We appreciate all applicants who take the time to apply to Altus Group. Please note that only those who are selected to move forward in the process will be contacted. Thank you.