Job Description

Job Title: Financial Advisory International - Restructuring - DM - Real Estate Valuations

Job requisition ID :: 46717

Date: Aug 19, 2022

Location: Mumbai

Designation: Deputy Manager

Entity:

Position: Assistant Manager – Real estate Valuation (Deloitte IJV, Mumbai) Job description A career within Real Estate Valuations practice will provide a wide & valuable experience in an exciting and dynamic working & learning environment. The role will position you to support on all aspects of a real estate valuation engagement which include the following activities:

• Developing an understanding of the industry and sub-sectors such as commercial, residential, industrial, agriculture, development and land properties in target geographies
• Developing in-depth understanding of real estate valuation concepts including key cash flow and valuation drivers.
• Thorough understanding of major real estate valuation approaches – Cost approach (RCN, Residual approach), Direct Comparison approach and Income approach (Capitalization approach and DCF)
• Understanding to develop and test Real estate Valuation modelling in ARGUS Enterprise software.
• Responsible for conducting secondary research and analysis in target geographies for key valuation drivers or benchmarking rentals, vacancies, rates of return including cap rates and discount rates.
• Understanding of key real estate databases in target geographical locations such as Costar, RCA, IPD etc.
• Performing and assisting experienced team members in executing a wide variety of the valuation exercise including property/portfolio valuations and assisting audit team in the valuation reviews.
• Interpretation and analysis of cash flows, management presentations, business plans and other publicly available information.
• Enrich the valuations databank and assist with maintenance of database
• Undertake Financial Feasibility Analyses, Market Analyses, Techno-economic Viability Studies, Due Diligence Exercise, etc
• Preparing quality deliverables (including valuation models and reports) within agreed timeliness.

As an Assistant Manager, you will have the opportunity to be involved in diverse nature of engagements where you will:

• Support Deloitte member firms’ (Canadian, UK, Australian, Middle East and Europeans) real estate valuation practice
• Assist Deloitte member firms’ Audit team in assessing the real estate valuation model developed by external valuers including analysis of external valuation report, assessing the key valuation assumptions, market research and creation of valuation memos
• Develop and review real estate valuation models in ARGUS ENTERPRISE of varying complexities for international entities (private and public) of differing sizes and perform valuation analysis, as necessary
• Independently handle audit assist engagements with minimal supervision from on-shore clients.
• Analyze, interpret and benchmark key valuation assumptions in real estate modelling including ERV, vacancy, leasing details and projections of the valuations as necessary
• Provide guidance to, supervise and review the work of junior team members
• Liaise and develop relations with engagement team members in Canada, Australia, UK, Middle East and Europe as required
• Work towards tight deadlines, adding value to complex and high profile projects
• Demonstrate strong business diagnostic skills and the ability to apply a logical and analytical approach to problem solving

Eligibility

• MBA/ CA
• MRICS certified members will be preferred
• CFA (International) will be a plus

Skills Required In order to be considered for this role, your competencies will cover the broad scope of Valuation services, leveraging your professional background and skills such as:

• Excellent track record and strong academic achievements
• 4+ years of relevant work experience
• At least 2 years-experience in ARGUS Enterprise. Certification in ARGUS will be a plus.
• Well-versed in real estate financial modelling
• Experience with any of the Big 4 firms, or real estate valuation firms is an asset
• In-depth understanding of real estate valuation principles
• Experience with valuation testing as per accounting standards (IFRS)
• Excellent verbal and written communication skills
• Proven analytical and systematic problem solving skills
• Advance knowledge of using data sources such as Costar, Estate Gazette, RCA Analytics, Capital IQ, Bloomberg, Factiva, etc.
• Advance knowledge of Excel
• Ability to work with staff at all levels of the organization
• Good interpersonal skills - confident communication style to allow effective communication with on-shore clients. Audit teams and Deloitte clients.
• Ability to work independently with minimal supervision
• Proactive and an inquisitive mind, with a passion to provide world class client service