- we're looking for Assistant Manager with expertise in real estate valuation to join the valuation group of our Real Estate Valuation Team.
- As a member of the Ernst & Young Real Estate team, the Assistant Manager will serve as a project lead and/or member of multiple client engagement teams around the world (US, UK, Germany, Australia etc) which primarily assist in real estate and hospitality advisory engagements in a fast-paced, service-oriented business environment.
- Assistant Manager will work on a wide variety of real estate and hospitality-specific clients including owners, developers, builders, financial institutions, lenders, pension funds, as we'll as numerous Fortune 500 companies.
- Typical engagements include appraisals and valuations, review of valuation analysis, market studies/research, cash flow analyses, due diligence, portfolio analysis and cash flow modelling.
- This is a fantastic opportunity to be part of a leading firm whilst being instrumental in the growth of a valuation service offering.
Your key responsibilities
- Serve as a member of multiple client engagement teams, taking a lead role in understanding clients needs, conducting analyses and reporting results
- Work on and manage engagements on real estate advisory, valuation and due diligence,spread across property types
- Engagements include financial analyses, cash flow modeling, analytical model reviews,property/portfolio modeling, asset valuations, real estate appraisals and appraisal reviews,and other general real estate advisory services.
- We are involved in analysis of a variety of property types including multi-family residential, office, retail, hotel, industrial, mixed-use, infrastructure, and special-use properties.
- Specific engagement responsibilities will include financial and cash flow modeling, market information research, real estate documents analysis (including site/building plans, leases, appraisals, and mortgage underwriting/lending documents), market studies, asset valuation (PPA/fair value), and report writing
- Maintain and develop positive, productive, and professional relationships with EY offices globally
- Supervise, develop and mentor professionals at the Staff and Senior level
- Ability to manage and counsel a team of 1-2 professionals if given opportunity
- Demonstrate teamwork and responsibility with engagement team members
- Use current technology and tools to enhance the effectiveness of services provided.
- Performing any other task or ad hoc projects as requested.
Skills and attributes for success
- Strong knowledge in performing valuation of Real & Intangible assets using Income Approach (Discounted Cash Flow Method & Direct Capitalization Method), Net Asset Value Method (or Cost Method) and Precedent Transaction Analysis (or Relative Valuation/ Sales Comparison/ Market Approach)
- Knowledge of developing valuation models, performing highest and best use valuation analysis for purposes of financial reporting, tax planning etc
- Proficient at using research databases like LoopNet, REIS, RCA (real capital analytics), CoStar, CBRE, JLL, C&W, Capital IQ, One Source, Factiva, Reuters, etc
- Analyzing financial statements, conducting market research studies and preparing reports, Application of Free Cash Flows, Terminal value, Discount rate, WACC, Advanced MS Excel models etc
- Strong knowledge of key clauses in lease (options, economic terms, terminations)
- Excellent analytical, project management, communication, interpersonal and teaming skills
- Willingness and ability to travel, when necessary
- Actively promote the sharing of knowledge within the group; Contribute pro-actively to building team spirit
- Manage and responsible for 1-2 people for their career progression, learning and development etc
- Exposure to tools like Tableau, Power BI, Alteryx etc will be added advantage
To qualify for the role, you must have
- masters in business administration (MBA) specialize in Finance
- 5+ years of direct work experience in real estate valuation projects
- Strong Excel and PowerPoint skills.
- Experience with BIG4 accounting firm would be provided weightage
Ideally, you'll also have
- People management skills
- Project management skills
- Exposure to tools like Tableau, Power BI, Alteryx etc will be added advantage
