Manager, Valuations

About AlliedAllied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Our work is grounded in a clear purpose: to provide knowledge-based organizations with distinctive urban environments that support creativity,connectivityand human wellness.
Our vision is more expansive. Weseekto make a continuous contribution to cities and culture that elevates and inspires the humanity in all of us.Thisvision informs how weoperate, how wedesignand how welead.
Real estate, for us,is not a passive investment. Itis a profoundly human endeavour,one that must promote wellness, sustainability,diversityand creativity—today and for generations to do.
Allied is also a place to build a career of consequence. If you are looking for work that is thoughtful,tangibleand enduring—work that contributes meaningfully to cities and the people who inhabit them—you will find purpose here.
For more information on Allied’s approach to city-building, visit our Insights page.
PurposeDrive valuation excellence, portfolio insight, and financial performance across Allied’s national platform through rigorous analysis, process leadership, and strong stakeholder collaboration. As Manager, Valuations will play a key role in the internal valuation of the Company’s investment property portfolio. Reporting to the Senior Manager, Valuations, the Manager will perform and review property-level valuations, manage assigned aspects of the quarterly valuation process, review the work of the junior resource, and support management in establishing well-supported fair value conclusions.
This is a hands-on technical position. The successful candidate must be capable of independently building and reviewing ARGUS Enterprise models, completing complex DCF analyses, valuing development properties and land, assessing market evidence, and explaining and defending valuation conclusions. The role will also support financial reporting under IAS 40 and IFRS 13 and interactions with external appraisers and auditors.
ResponsibilitiesValuation Execution and Technical Analysis
Independently prepare and review valuations of income-producing investment properties, development land and properties under development using DCF, direct comparison and other appropriate methodologies.
Develop and critically assess assumptions used in the valuation of income-producing investment properties.
Evaluate highest and best use considerations for development properties and land where applicable.
Analyze market transactions and other external evidence supporting capitalization rates, discount rates and major valuation assumptions.
Perform and review valuation sensitivity analyses.
Review and Team Management
Provide detailed review and constructive challenge of valuations prepared by the junior resource.
Ensure calculations, assumptions, market evidence and conclusions are internally consistent and appropriately documented.
Coach and develop junior resource’s technical valuation, ARGUS Enterprise, market research and financial modelling capabilities.
Allocate property-level responsibilities, establish review timelines and monitor completion against quarterly reporting deadlines.
Escalate material valuation matters, control exceptions or unsupported assumptions to the Senior Manager, Valuations.
Quarterly Valuation Process and Governance
Assess property-level changes in leasing, capital expenditures, development costs, operating performance and market conditions.
Review and explain material quarter-over-quarter fair value movements, identifying the principal property-specific and market drivers.
For properties externally valued, review and reconcile internal valuation conclusions against external appraisals, investigate and explain variances in values and underlying assumptions, document the rationale for the concluded fair values, and elevate material or unresolved differences to the Senior Manager, Valuations.
Assist the Senior Manager, Valuations in preparing quarterly materials for senior management and the Valuation Committee.
Support responses to external auditor and external appraiser questions and track the resolution of review comments.
Financial Reporting
Apply practical knowledge of IAS 40 and IFRS 13 in determining and documenting investment property fair values.
Work with Finance and Accounting to ensure valuation assumptions and conclusions are appropriately reflected in financial reporting.
Support valuation-related financial statement disclosures and management reporting as required.
QualificationsMust have:
Bachelor's degree in real estate, Finance, Accounting, Economics, Commerce or a related discipline.
Approximately 5 to 8 years of progressively responsible commercial real estate valuation experience.
Strong preference for an AACI designated member, or an advanced-stage AIC Candidate actively progressing toward AACI.
Advanced hands-on ARGUS Enterprise and DCF experience;
advanced Excel modelling;
development land or development property valuation experience;
detailed understanding of commercial leases, and recoveries.
Working knowledge of IAS 40, IFRS 13 and market-participant fair value concepts.
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