Analyst, Advisory (Hybrid - Houston)

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.

Job Summary:

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:

• Manage administrative tasks that drive the Altus/client process and the relationships; quarterly Argus ValueInsight (AVI) Setup, appraiser/client call scheduling, quarterly invoicing, engagement letter organization between clients and third-party appraisers.

• Conduct 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.

• Exercise judgement and gain knowledge on data gathering and learn to determine reasonable valuation assumptions such as market rent and market rent growth.

• Utilize Argus Enterprise to prepare cash flow models, utilizing 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.

• 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.

• 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.

• Ensure the reasonableness of valuations and compliance with USPAP and State regulations in the preparation of appraisal reports.

• Stay updated on changes in capital markets and property transactions by utilizing various research resources.

• 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.

Key Qualifications:

• University or college degree in Real Estate, Finance, or related field preferred but not required.

• Advanced proficiency in Microsoft Office and Excel, including v-lookups, Index/Match, and pivot tables.

• Strong diligence, excellent organizational skills, and time management expertise.

• Proficient in proactive communication, including managing expectations when behind on deliverables or seeking assistance, with exposure to business writing.

• Experience working independently and within a team environment setting in a professional or academic setting.

• Internship experience within the CRE industry is an asset.