Manager, Valuations

Purpose

Drive 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.

Responsibilities

Valuation Execution and Technical Analysis

• Independently prepare and review valuations of income-producing investment properties, developmentland 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 developmentproperties and land where applicable.
• Analyze market transactions and other external evidence supporting capitalization rates, discount ratesand major valuation assumptions.
• Perform and review valuationsensitivity analyses.

Review and Team Management

• Provide detailed review and constructive challengeof valuations prepared by the junior resource.
• Ensure calculations, assumptions, market evidenceand conclusions are internally consistent and appropriately documented.
• Coach and develop junior resource’stechnical valuation, ARGUS Enterprise, market researchand financial modelling capabilities.
• Allocate property-level responsibilities, establishreview timelines and monitor completion against quarterly reporting deadlines.
• Escalate material valuationmatters, 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 performanceand market conditions.
• Review and explain material quarter-over-quarter fair value movements, identifyingthe 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 escalate 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 determiningand documenting investment property fair values.
• Work with Finance and Accounting to ensure valuationassumptions and conclusions are appropriately reflected in financial reporting.
• Support valuation-related financial statement disclosures and management reporting as required.

Qualifications

Must 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.

Core Competencies:

• Strong independent valuation judgment and willingness to challenge unsupported assumptions.
• Ability to explain and defend valuation conclusions in clear, practical language.
• High attention to detail and disciplined documentation.
• Effective collaboration with Finance, Leasing, Development, Investments, external appraisers and auditors.