Valuation Accountant (CPA Pre-approved Program)

Please note, we may not be actively recruiting for this position. The job posting below reflect one of several streams in Allied's CPA Pre-approved Program. We welcome applications from interested candidates and will reach out as opportunities become available.

Purpose

Support the property valuation process through in-depth financial analysis, modelling, and testing of valuation assumptions across Allied’s portfolio. As a Valuation Accountant, you will perform a broad range of analytical and accounting responsibilities to support property valuations, ensure the accuracy of valuation inputs and methodologies, and contribute to informed financial decision-making.

Responsibilities

• Complete in-depth testing of property valuations through detailed review of Argus models provided by external appraiser. Assess for accuracy and reasonability including review of minimum rent, additional rent, and area to rent roll within the ERP system.
• Review and assess valuation measures included in Argus models such as general vacancy, estimated credit loss, structural reserve, additional capital expenditures and capitalization rates. Compare to internal policies with application of professional judgement and provide recommendations for adjustment where necessary.
• Review and validate contractual inputs in Argus valuation models to lease documentation and system generated reports to provide comfort over accuracy & reliability of data.
• Review and analyze the assumptions used in Argus valuation models to internal leasing data to assess reasonability including rental rates, leasing costs, and net effective rent (NER)while comparing to recent deals or market estimates.
• Review of market data and published market reports to assess validity of assumptions and drafting documentation to support valuation assumptions used.
• Drafting responses to audit inquiries on valuation and investment properties.
• Collaborating, organizing, and supporting the external appraiser in providing them with required information to support the appraisal process.
• Completion of various audit schedules supporting the Investment Properties section of the Balance Sheet including Investment Properties Continuity, Inventory, and control schedules.
• Supporting the development team in the preparation of capital disclosures in the Management’s Discussion & Analysis (MD&A).
• Review and tie out numbers and explanations in the MD&A and ensuring adequate support.
• Provide accurate variance analysis of changes in fair value and book value.
• Review and update in conjunction with the Manager, Valuations the control matrix, and valuations calendar,
• Analysis of various valuation alternatives and estimated financial impact to provide support in an organized way to present to senior leadership any decision alternatives with recommendations.
• Organization, coordination and presentation of valuation discussions with other teams including leasing, development, construction, and operations to update assumptions where applicable.
• Rollover of budgeted expenses and review of major variances on an annual basis.
• Support the lease reporting process and the treasury/tax functions as required.
• Review on an ad hoc basis valuation assumptions related to financing, potential acquisition/disposition transactions as required, and HST purpose-built self assessment appraisals and provide commentary where required.
• Various analysis of decisions on fair value impact to properties to provide support to Portfolio Operations team as required.

Qualifications

• University degree or equivalent.
• 1-2 years of experience in the field of commercial real estate or valuations.
• Strong interest in the field of commercial real estate, accounting & finance.
• An assertive self-starter with the ability to work independently or under supervision.
• Collaborative worker; effective member of a team; good team-building skills.
• Good judgment and decision-making skills; problem solving.
• Demonstrates resilience, passion and commitment to deliver and be accountable for the results.
• Analytical and employs the use of critical thinking skills.
• Able to effectively communicate both verbally and in writing.
• Must be proficient in Microsoft Excel and Word.
• Experience with Yardi Voyager 7S or Argus Enterprise is an asset.
• Experience with Property Accounting and CAM/TAX Recoveries is an asset.