Asset Management - Real Estate Valuations - Vice President

Testing Site - JPMC; New York (NY); On-site; USD 180,000 - 250,000; Full time

Job summary

J.P. Morgan Asset Management seeks a Vice President for the Valuations Team within Global Alternatives. You will review private market investment valuations across real assets and interface with asset managers, auditors, and investors. Strong modeling in Argus Enterprise and Excel is required.

You will present findings, participate in cross-functional initiatives, and help ensure timely, accurate valuations across the platform.

Qualifications

• Minimum seven years of institutional real estate or other real asset valuations.
• Strong written and quantitative analysis skills.
• Abstract reasoning, high organization, and ability to multitask.
• Self-starting attitude and initiative.
• Interest in alternative asset classes including debt funds and direct investments.

Responsibilities

• Review valuation approaches (income, comps, cost) and comment on values/assumptions.
• Audit support – respond to auditors and provide information for valuations.
• Participate in platform-wide initiatives and process/tech enhancements.
• Inform management of valuation difficulties and propose solutions.
• Review Investment Committee presentations for acquisitions/origination; identify risks.
• Model valuations in Argus Enterprise and Excel; present findings to stakeholders.

Skills

Valuation analysis

Argus Enterprise

Excel modeling

Written communication

Abstract reasoning

Organization skills

multitasking

Self-starting

Tools

Argus Enterprise

Excel

Job description

We are seeking a Vice President for our Valuations Team within J.P. Morgan Asset Management’s Global Alternatives Group. Reporting to the Head of Valuations for Global Alternatives, the new team member will be responsible for the review of private market investment valuations, including equity and debt valuations of investments in JPMAM’s global commercial real estate funds and accounts, with an opportunity to expand into other real asset classes and private capital in the future.

The job is designed to promote ongoing contact between the Valuations Team, Head of Valuations, external valuers, seasoned asset managers, analysts/associates, and investment team members.

Specific responsibilities include:

• Understanding the three (3) appraisal approaches to value – income, sales comparable/market, and cost; reviewing appraisals and commenting on the reasonableness of values and assumptions; quickly identifying errors and issues, discussing concerns and issues raised by asset management; and communicating effectively with appraisers to bring resolution to value conclusions in accordance with required reporting timeframes.
• Audit Support – Responding to auditors’ questions and providing additional information when needed for asset valuations.
• Platform-wide initiatives – Actively participating in initiatives to benefit the broader platform, such as training activities, process/technology enhancements, etc.
• Communication with management and across functional areas – Informing the Head of Valuations of difficulties/weaknesses in the valuation process and proposing potential solutions.
• Investment Committee Presentation Reviews – Attending/reviewing investment committee presentations for new acquisitions and originations and identifying appraisal risk/inconsistencies in the pricing of prospective acquisitions versus current appraisal pricing.
• Financial Modeling - fluency in Argus Enterprise and Excel, and the ability to model valuations is required.
• Written/Oral Presentation Skills - the new team member must possess strong written and verbal skills and will be expected to present their findings, decisions, etc. and defend the same to internal and external stakeholders, including portfolio managers, internal/external auditors, service providers, and investors.

Required qualifications, capabilities and skills:

• Strong understanding of and interest in alternative asset classes, including debt funds and direct investments in private companies,
• Possess well-developed written and quantitative analysis skills, and a level of intellectual curiosity that will cause the individual to challenge their co-workers to share their professional knowledge and experience continuously.
• Abstract reasoning skills, a high degree of organization, the ability to handle multiple tasks simultaneously,
• Ability to self-start are all attributes that contribute to success in this position,
• A minimum of seven years of prior experience in institutional real estate or other real asset valuations is required.