Director, Valuations at Cadillac Fairview | CA | Rezi

Director, Valuations at Cadillac Fairview

Director, Valuations

Cadillac Fairview · CA

2 months ago

Director, Valuations

Cadillac Fairview · CA

2 months ago
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About the Role

The Director, Valuations is responsible for a variety of functions relating to Valuations and Portfolio Benchmarking. This position requires a seasoned professional with knowledge of valuations, accounting, portfolio benchmarking, oversight and management of consultants and advisors. Strong interpersonal skills and the ability to build strong, trusted relationships with external appraisers, our sole shareholder and internal departments are paramount. The role requires exceptional analytical abilities, a strong knowledge of financial modelling and valuation theory together with the ability to identify value add opportunities. A wide network of contacts and information sources is of importance to identify key transactions in a wider range of asset classes and geographic markets.

Responsibilities

  • Assist in preparing the annual appraisal plan and engaging appraisers; coordination and review of annual appraisals.
  • Monitor progress of appraisal work against timelines and regularly report on status.
  • Coordinate flow of detailed budget information, rent rolls, sales reports, recoveries, recoverable and non-recoverable capital, leasing transactions from internal sources to external appraisers, auditors and OTPPB.
  • Prepare budget analysis and assistance in response to questions from appraisers, auditors, OTPPB and other departments (primarily Investments, Operations and Development).
  • Perform valuation modeling and sensitivity analysis in Argus Enterprise (AE) and / or Excel on internal appraisals.
  • Research market, gather comparable sales information and analysis and help maintain database of market comparables.
  • Focus on high quality retail, office, industrial, multifamily, hotel and land assets in Canada.
  • Analyze financial parameters related to complex real estate investments through the review/development of detailed valuation models to ensure the most appropriate value recommendations are made.
  • Identify areas of opportunity and value-add for the company factoring in potential trends, opportunities and threats.
  • Stay current on new industry developments in commercial real estate, retailers, office rents and tenants.
  • Establish and maintain a network of relationships with appraisers, partners and peers in Canada.
  • Value impact analysis on proposed office and retail leasing transactions.
  • Provide insight to various groups into the value implications of certain business decisions ranging from leasing, operations, development and enterprise risk management.
  • Prepare and review quarterly reports for Board meetings.
  • Forecast portfolio values for enterprise 3-year operating plan, portfolio management and capital requirements.
  • Provide insights on asset valuation assumptions and adjustment treatments by exercising sound judgement in reviewing external appraisals, analyzing internal financial information, and responding to inquiries from OTPP and joint venture partners.
  • Responsible for quarterly performance data reporting and analysis submissions to MSCI for inclusion in index and validate results produced by MSCI.
  • Responsible for performance tracking, analysis of assets in comparison to MSCI benchmark and presenting insights to Finance SLT.
  • Preparation and presentation of annual portfolio performance and MSCI Index returns to SLT and other groups as needed.

Requirements

  • University Degree in Finance, Business or Commerce combined with CFA/CPA accreditation.
  • Minimum 10 years’ experience in real estate industry related.
  • Strong business and financial acumen with exceptional knowledge of real estate valuation models (Argus), financial analysis and market research.
  • Understanding of major functional areas: Valuations, Finance and Accounting.
  • Computer literate and proficient in the use of: Word, Excel, Power Point, and expert level knowledge of Argus Enterprise (AE).
  • Strong organizational, analytical and problem-solving skills.
  • Ability to organize time and meet deadlines.
  • Personal market presence and existing relationships within the appraisal community.

Skills

  • Valuations
  • Portfolio Benchmarking
  • Accounting
  • Financial modelling
  • Valuation theory
  • Market research
  • Communication
  • Presentation
  • Negotiation
  • Interpersonal skills
  • Analytical abilities
  • Financial analysis
  • Microsoft Word
  • Microsoft Excel
  • Microsoft Power Point
  • Argus Enterprise (AE)

Location

  • Canada

Work Type

  • Full-time

Experience Level

  • Minimum 10 years’ experience

Education Level

  • University Degree in Finance, Business or Commerce
  • CFA/CPA accreditation

Benefits

  • Competitive rewards package
  • Best-in-class benefits
  • Pension

About the Company

  • At Cadillac Fairview we have been transforming communities for over 50 years.
  • We are building leaders at all levels.
  • We offer the challenge of interesting work, a great organizational culture, the opportunity to collaborate with the best in the business, and support for your growth and development.
  • We reward values-based behavior and superior results with a competitive rewards package that includes best-in-class benefits and pension.
  • Imagine a place where you can make a difference!
  • At CF our everyday actions and critical business decisions are guided by our CF Values.
  • Achieving results is naturally important for us and we achieve results through behaviours that are consistent with our CF Values.
  • Aim Higher – we strive to exceed expectations
  • Own Your Expertise – we empower ourselves and each other
  • Collaborate Effectively – we bring the right people together to get the right results
  • Engage with Empathy – we objectively consider the needs of others
  • Embrace Change – we drive, learn from, and adapt to change
  • At CF you’ll join a diverse community and award-winning team where your talent and commitment to excellence are welcomed, valued and respected.

Equal Opportunity

  • CF is an equal opportunity employer and is committed to creating a diverse and inclusive environment.
  • If you need reasonable accommodation during the recruitment, assessment, and/or selection process, please notify your CF contact or email cfcareers@cadillacfairview.com.
  • CF may use artificial intelligence (AI) technology, alongside human review, to assist in screening and assessing applicants for this position.