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Real Estate Debt Valuation Analyst

Reonomy

Reonomy

IT
Irvine, CA, USA
Posted on Thursday, June 13, 2024

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.

Altus Group seeks a Real Estate Debt Valuation Analyst for its Irvine and/or Los Angeles office. The role offers experience in debt valuation, appraisal, and management across various property types. Responsibilities include learning debt and property underwriting, discounted cash flow modeling, and capital structure analysis. The analyst will also manage client workflows, review loan documents, handle asset management calls, and request additional data from clients. Furthermore, the role involves analyzing financial statements, researching sale comparables, and building cash flows for debt valuation as both liabilities and assets, working with institutional investors and debt funds.

Key Responsibilities:

  • Debt Valuation / Appraisal Management: Learn and handle the administrative tasks that drive the Altus/client process and ultimately the relationships; asset management call scheduling, lender package reviews, asset summary reviews. Learn to complete a market analysis for a subject property, which includes gathering and analyzing data about the subject’s market and submarket. Analysts learn to apply judgement and gain knowledge on data gathering and learn to determine reasonable valuation assumptions for each deal. This analysis is one of the key components in the subject’s valuation analysis.

  • Valuation: Learn to prepare discounted cash flow models primarily using excel and become familiar with ARGUS Enterprise for underlying collateral valuations. Analysts use factual data provided by Clients (rent rolls, operating statements, tenant sales, and various other financial information) on the subject property to learn the risk associated with underlying collateral commercial real estate which impacts overall debt valuation. Learn to read and understand various loan documents including investment committee memos, loan agreements, promissory notes, etc. as well as review external third-party collateral appraisal reports. Incorporate subject property specific adjustments based on underlying collateral performance and business plan execution.

  • Capital Markets Analysis: Learn to utilize different research resources, including Bloomberg, to understand the latest changes in the capital markets and how they impact the latest loan originations. Discuss with debt team to gain comprehension of Federal Reserve commentary and decisions, treasury rate movements, and loan spread expansion/compression drivers.

  • Training and Professional Development: Complete the On-Boarding Training as outlined by the Professional Development Flight Plan (Core Competency Training, Trainee Courses (Business Practices and Ethics & USPAP & Basic Appraisal Principles and Procedures), become ARGUS Certified; build awareness of Due Diligence for client’s acquisitions.

Key Qualifications:

  • University or college degree in Real Estate, Finance, or related field preferred but not required, with a minimum 3.5 GPA

  • Internship experience within the CRE industry is an asset

  • ARGUS experience is an asset

  • Proficient with Microsoft Excel (v-lookups, Index/Match, pivot tables)

  • Exposure to business writing

  • Strong attention to detail

  • Ability to proactively communicate (i.e. when behind on deliverables or seeking assistance)

  • Experience working independently and also within a team environment setting in a professional or academic setting

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.

Altus Group is committed to fostering an inclusive work environment where all clients and employees feel welcomed, accepted and valued. We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

Applicants with disabilities may contact Altus Group to request and arrange for accommodations. If you need accommodation, please contact us at accessibilityusa@altusgroup.com or +1 888 692 7487.

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.