Analyst, Advisory

Job Category:

Valuations & Appraisals

Pay Grade Range:

$46,800.00 - $109,200.00

Disclaimer: The base salary range represents the low and high end of Altus Group’s “Pay Grade Range” for this position in the primary work location. Actual hiring salaries will vary depending on factors including but not limited to work experience, and geographic market data for the role. The Pay Grade Range listed above does not reflect Altus Group’s total compensation for employees. Other rewards may include an annual bonus, flexible work arrangements, and region-specific benefits.

Unlock your Altus Experience!

If you’re looking to advance your career in data analytics, expertise, and technology for the rapidly growing global CRE market, there’s no better place than Altus Group. At Altus, our work is purposeful. Every day, our employees drive impact, innovate, and shape the global commercial real estate (CRE) and PropTech industry.

Our people-centric culture empowers you to deliver in a high trust, high performance culture, surrounded by an inclusive team that’s collaborating to modernize our industry. We invest in our people with training and growth opportunities designed to propel you further in your career while providing a flexible and progressive workplace that reflects our values and teams.

Altus Group is currently looking for new Real Estate (equity) Valuation Analyst to join our Chicago, IL office. In this position, you will gain knowledge and experience in the business of appraisal, appraisal review and appraisal management for all property types. This is an exciting opportunity for you to learn the basic sub-property type attributes and how location and market trends impact rent and expenses. You will also learn how to set up and manage the client workflow process; quarterly DataExchange setup, invoicing, appraiser/client call setup, engagement letter organization, and additional data requests from appraisers and clients. Finally, you will learn how to analyze an Income and Expense statement; research sale and lease comparables and apply adjustments to the subject property; read leases to understand tenant recovery structures; and build cash flows.
Hybrid - required to be in office 2x a week at minimum.

Altus Group is currently looking for new Real Estate Valuation Analysts to join our Chicago office. In this position, you will gain knowledge and experience in the business of appraisal, appraisal review and appraisal management for all property types. This is an exciting opportunity for you to learn the basic sub-property type attributes and how location and market trends impact rent and expenses. You will also learn how to set up and manage the client workflow process; quarterly DataExchange setup, invoicing, appraiser/client call setup, engagement letter organization, and additional data requests from appraisers and clients. Finally, you will learn how to analyze an Income and Expense statement; research sale and lease comparables and apply adjustments to the subject property; read leases to understand tenant recovery structures; and build cash flows.

Key Responsibilities:

• Appraisal Management:  Learn and handle the administrative tasks that drive the Altus/client process and ultimately the relationships; quarterly DataExchange Setup, appraiser/client call scheduling, quarterly invoicing, engagement letter organization between clients and third-party appraisers. Analysts learn the process and why we are doing what are doing at Altus. Learn to prepare a market analysis for the subject property, which includes gathering and analyzing data about the subject’s market and submarket, and determining market rent based on recent leases at comparable properties and the subject’s recent leasing. Analysts learn to apply judgement and gain knowledge on data gathering and learn to determine reasonable valuation assumptions such as market rent and market rent growth. This analysis is one of the key components in the subject’s valuation analysis.  
• Appraisal: Learn to prepare cash flow models using ARGUS DCF, DYNA, or AE. Analysts use factual data provided by Clients (rent rolls, operating statements, tenant sales, and various other financial information) on the subject property to learn the preparation of cash flow models. Learn to prepare the Sales Comparison and Cost approaches for the appraisal report, which includes researching recent sale transactions, and completing a replacement cost estimate using Marshall and Swift data.
• Appraisal Review:  Learn to review third party appraisal reports as part of the valuation management process, which includes reviewing the ARGUS Enterprise cash flow model for factual and market assumptions, reviewing the appraisal reports, and comparing the valuation metrics to the benchmark data. Learn to use (of) best judgement and knowledge to determine the reasonableness of the valuation and ensure that the appraisal reports are in compliance with USPAP and State regulations.
• Training and Professional Development:  Complete the On-Boarding Training as outlined by the Professional Development Flight Plan (Core Competency Training, Trainee Courses (Business Practices and Ethics & USPAP & Basic Appraisal Principles and Procedures), become ARGUS Certified; build awareness of Due Diligence for client’s acquisitions. 

Position Requirements:

• University or college degree in Real Estate, Finance, or related field with a minimum 3.2 GPA
• Internship experience within the CRE industry is an asset
• ARGUS certified is an asset
• Working knowledge of Excel (v-lookups, pivot tables) 
• Exposure to business writing 
• Can complete end to end appraisal review 
• Ability to proactively communicate (i.e. when behind on deliverables or seeking assistance) 
• Experience working independently or within a team environment setting in a professional or academic setting

What Altus Group offers:

• Rewarding performance: We are pleased to be able to provide employees competitive compensation, incentive and bonus plans, and a total rewards package that prioritizes their mental, physical and overall financial health. 
• Growth and development: As a destination for top industry talent, we’re investing in you to meet the evolving needs of our clients and deliver on your professional goals. Our Altus Intelligence Academy offers over 150,000 hours of learning materials catering to diverse stages of an employee’s career journey.
• Flexible work model: We’re modernizing our employee programs to reflect the new world of work. Our Activity-Based Work model provides you with flexibility to align your work location to the work being performed - office for connecting and collaborating, and remote for focused work.

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 accessibilityusa@altusgroup.com or +1 888 692 7487.

We appreciate all applicants who take the time to apply to Altus Group. Please note that only those who are selected to move forward in the process will be contacted. Thank you.