VME Real Estate
Transaction Advisory Services (TAS) Associate Manager
Within TAS, Real Estate (RE) group is part of Valuations, Modelling and Economics sub-service line. Our RE practice provides real estate valuation, analytical services and other business advisory services to developers, builders, investors, lenders and Fortune 500 companies.
With over 500 RE professionals worldwide (~35 in GDS RE), no similarly positioned global professional organization can match breadth of our capabilities or depth of our resources. GDS RE works as a strategic partner to global RE practices, working with them to provide highly efficient and value-added services to meet our clients real estate valuation and diligence requirements.
The opportunity
We re looking for Associate 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 Associate 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. Associate Manager will work on a wide variety of real estate and hospitality-specific clients including owners, developers, builders, financial institutions, lenders, pension funds, as well 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
- 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 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), valuation review and report writing
- Challenge yourself to continually learn and teach, mentoring others while developing your own career
- Take ownership of your projects, while working collaboratively with other team members
- Maintain and develop positive, productive, and professional relationships with clients
- Supervise, develop and mentor professionals at the Staff and Senior level
- Ability to manage a team of 3-5 professionals; Conducting timely performance reviews for employees and developing other professionals by providing effective performance feedback and training to them. Leading by example.
- Use current technology and tools to enhance the effectiveness of services provided.
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
- Master s in business administration (MBA) specialize in Finance
- 7+ 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
- A Team of people with commercial acumen, technical experience and enthusiasm to learn new things in this fast-moving environment
- An opportunity to be a part of market-leading, multi-disciplinary team of 1400 + professionals, in the only integrated global transaction business worldwide.
- Opportunities to work with EY TAS practices globally with leading businesses across a range of industries
