Job Category:

Pay Grade Range:

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.

Job Summary:

Responsible for completion of appraisal reports, building financial models in Argus Enterprise, determining valuation methodology, finalization and primary certification (sign-off) of appraisal and /or consulting reports.

Key Responsibilities:

• Independently performs all types of property (land & building) inspections for the purposes of validating site specs/surveying the building or land (building type, description, land use etc.), taking measurements, photos etc. to be used in client reports

• Independently builds financial models using Argus Enterprise to build quantitative analysis in order to generate valuation models for various methodologies

• Applies the Income Approach to analyze a property’s future cash flow and net present value. Extensive analysis of potential, effective and net operating income, operating’s expenses, and capitalization rates is required

• Applies the Comparison Approach to derive a value indication for a property by comparing similar properties that have recently sold. Identifies appropriate unit of comparison and makes adjustments based on relevant market derived elements of comparison

• Applies the Cost Approach to derive a value based on the comparison with the cost to build a new or substitute property and make adjustments for depreciation; applies understanding of building age, condition factors

• Authors, reviews and signs off on appraisal reports using SME practitioner knowledge and expertise

• Review work of junior staff and all materials/market info prepared as it relates to the property under review in the report for accuracy and completion: qualitative & quantitative analysis as well as all tables and exhibits; ensures right market intelligence was used in analysis; signs off on final client materials

• Contributes towards and authors small market studies upon client request

• Coach, train and teach junior staff on technical appraisal knowledge and Altus processes & practices

• Regularly communicates with clients to gather information, manage ongoing relationship and resolve issues; Escalates issues to next level of management as required

Key Qualifications:

• Experience specifically in commercial appraisal/retail real estate valuation & advisory consulting

• Excellent knowledge of the commercial real estate industry, market dynamics and appraisals/valuations

• Have or be able to build a network of real estate market contacts to keep up to date with the latest lease and sale comparable deals

• Exceptional quantitative and analytical skills: specifically, financial modeling in Excel and ARGUS Enterprise

• Excellent written communication skills in order to complete comprehensive appraisal and consulting reports

• Project management in a professional services environment: knowledge of project management approaches in order to manage multiple client projects simultaneously while delivering client work on time and on budget

• Good verbal communication & interpersonal skills: applies practitioner knowledge and understanding of the market to start to further develop client relationships to build a book of business associated with their personal brand and expert knowledge

• Valid drivers' license and a clean driver’s abstract

• Undergraduate/Bachelor degree required; degree in Real Estate, Business/Commerce or Economics preferred

• Minimum 5 years of relevant experience in commercial real estate industry

• Accredited Appraiser Canadian Institute (AACI) designation in good standing or within 18 months of completion

• Argus Enterprise experience is required, and certification is preferred

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 provide an atmosphere free from barriers to promote diversity, equity, and inclusion, and encourage equal opportunities for all employees. We’re seeking candidates with diverse experiences and provide accessible candidate experiences throughout the selection process. If you need accommodation, please contact us at accessibility@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.