Sr. Consultant, Advisory

Compensation Range:

$95,000 - $125,000

Compensation Disclaimer:
The salary range listed reflects the base pay for this role at Altus Group and is provided where required by local regulations. Actual offers may differ based on experience, market conditions, and other relevant factors. The range does not include additional compensation such as bonuses, equity, benefits, or other incentives.

Job Summary:

Altus Group is currently looking for a new Real Estate Valuation Sr. Consultant to join our New York office in our Advisory, Altus Analytics division. In this position, you will initiate the valuation management process and supervise the workflow of the Analysts, as well as apply real estate knowledge to estimate reasonable market supported assumptions that are in line with institutional investor guidelines and USPAP.

Key Responsibilities:

• Oversee the CSA and Analyst on the valuation management process.

• Review third party appraisal reports as part of the valuation management process, which includes reviewing the preliminary reviews with Analysts, determine the reasonableness of pricing and market assumptions used in the appraisal reports, and document, discuss and resolve any concerns with the client and/or the 3rd party appraiser.

• Review appraisal reports for compliance with USPAP and State regulations.

• Manage client communications throughout the valuation management engagement.

• Review market data and analyses completed by the Analyst and apply judgement to determine application of USPAP guidelines in determining reasonable valuation assumptions used in deriving a market value estimate. Assumptions include market rent, market rent growth, pricing, operating expenses, etc.

• Model cash flows in either ARGUS DCF or ARGUS Enterprise used for the income approach valuation, as well as all adjustments and conclusions made in the Sales Comparison and Cost approaches within the appraisal report.

• Responsible for daily adjustment for clients’ daily funds, with tasks include the following: determine the values for the assets for the following quarter for accrual process, update intra-quarter valuations based on various significant events (new major leases, changes in capital market, changes in market conditions, and significant unplanned capital projects.

• Conduct due diligence on potential acquisitions, including identifying and discussing any potential tenant risks (kick out clauses, bad debt, termination rights, etc.) with the client, and discussing market conditions and the reasonableness based on USPAP guidelines of underwriting assumptions.

Key Requirements:

• Undergraduate Degree, with a specialization in Real Estate, Finance, Economics, Business or Mathematics

• 2-3 years of prior experience in a commercial real estate appraisal role

• Appraiser Trainee license is preferred

• CCIM or CPA designations are preferred

• Proficient in Excel and business writing

• Good communication skills

• Ability to travel domestically

Unlock your Altus Experience!

If you’re looking to advance your career in in an industry that is transitioning for greatness, there’s no better place than Altus Group.

Our high trust, high performance culture prioritizes progressive programs that empower you to deliver your greatest performance while promoting collective success where everyone is recognized and connected. 

We offer boundless opportunities in a rapidly growing global business: mentorship from the best and brightest in CRE, access to our Altus Intelligence Academy, and the chance to work with the best data sets, tools and technology in the industry.

What Altus Group offers:

• Rewarding performance: competitive compensation, incentive and bonus plans, and a total rewards package prioritizing mental, physical, and financial well-being.

• Growth and development: we invest in your professional learning. Our Altus Intelligence Academy offers over 150,000 hours of learning content.

• Flexible work model: our Activity-Based Work model provides flexibility to align your work location to the needs of the work — use the office for collaboration and remote work for focused tasks.

Inclusivity & Accessibility

Altus Group is committed to fostering an inclusive work environment where all clients and employees feel welcomed, accepted and valued. We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.
 
Applicants with disabilities may contact Altus Group to request and arrange for accommodations. If you need accommodation, please contact us at [email protected] or +1 888 692 7487.

Use of Artificial Intelligence

AI tools may be used to support the initial stages of screening for this role; however, all assessments and final hiring decisions are reviewed and made by an Altus Group hiring professional.

Background Checks

Please note that as part of our commitment to maintaining a safe and secure workplace, Altus Group may conduct background checks on candidates who receive a conditional offer of employment. These checks may include, but are not limited to, verification of employment history, education credentials, criminal records, credit history (where relevant), and reference checks. The scope and nature of background checks may vary depending on the role, location, and applicable laws. All background checks will be conducted in compliance with local laws and regulations, and candidates will be informed of any checks required as part of the recruitment process.

Other Notes / Application Process

We appreciate all applicants; however, only those selected to move forward will be contacted. Thank you for your interest in Altus Group.