Consultant, Daily Valuation & NAV Accounting

Namely; Chicago (IL); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Competitive compensation

Growth and development programs

Mentorship opportunities

Job summary

Altus Group in Chicago is looking for a Consultant for its US Valuation Advisory team. You will be responsible for reviewing financial statements, projecting net investment income, and coordinating with clients and appraisers for property valuations.

This role involves a deep understanding of accounting in commercial real estate and requires strong Excel proficiency and project management skills. You will work in a high-trust environment with opportunities for growth and mentorship.

Qualifications

• A university or college degree in accounting from an accredited institution.
• Relevant accounting and valuation experience in commercial real estate.
• Strong analytical and problem-solving skills.

Responsibilities

• Review each client’s quarterly financial statements.
• Project each component of net investment income for the upcoming quarter.
• Coordinate with appraisers and clients for property re-valuations.

Skills

Analytical skills

Excel proficiency

Problem-solving skills

Project management

Communication

Education

Degree in accounting

Tools

Yardi

MRI

JD Edwards

Job description

Compensation

Compensation Range: $60,000 - $90,000

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’s US Valuation Advisory team is currently looking for a Consultant for our daily valuation, NAV accounting, and analytics practice. Our clients produce quarterly market-value financial statements using property valuations produced by Altus Group and other third-party appraisers. The growth of 401(k) and similar pension plans has created a need for daily share prices. This is not debit and credit accounting, but a much more interesting role. Large stabilized real estate portfolios produce consistent net investment income due to long-term leases and long-term, fixed-rate debt. Our services include projecting the income for the upcoming quarter and estimating real estate appreciation (or depreciation) based on draft, revised, and final valuations during the quarterly appraisal process; calculating a daily share price based on these estimates, and true-up after quarter-end; and working with our clients to identify material events such as new leases or bankruptcies, coordinate the value change with the appraisers and revise the share price.

Key Responsibilities

• Review each client’s quarterly financial statements and oversee the import of this data into our accounting system and supplemental Excel templates.
• Project each component of net investment income for the upcoming quarter. For example, using historical property net operating income and the appraiser’s income projections to estimate net operating income for the quarter. Interest expense is projected using each client’s debt schedule.
• Coordinate with the appraisers, daily value committee, and other market participants to determine the initial appreciation projection. Oversee the collection of draft, revised and final appraised values to adjust the projection as the quarter progresses.
• Coordinate with the client and the appraisers to re-value properties for material events such as new leases, bankruptcies, and market events.
• Project the net asset value change and share price for the quarter and update as new data becomes available.
• Review variances with our daily valuation committee and with each client when the actual share price is published.
• Interpret client requests and communicate/delegate requests to the team.
• Manage multiple projects/engagements to ensure delivery on time and on budget.
• Review all work by staff before sending to clients or third-parties.
• Coach and mentor staff.
• Deliver the highest quality of service and technical excellence.

Key Qualifications

• A university or college degree in accounting from an accredited institution.
• Relevant accounting and valuation experience in commercial real estate.
• CPA and/or MAI credentials a plus.
• Strong analytical and problem-solving skills. The ability to interpret complex financial data and make recommendations.
• Strong Excel proficiency: financial modeling, budgeting, and variance analysis, ideally in commercial real estate.
• Proficiency in Yardi, MRI, JD Edwards or similar accounting system.
• Self-starter and a team player, and the ability to communicate with colleagues and clients with various backgrounds.
• Supervisory experience.
• Strong project management skills: managing deadlines, creating plans and evaluating results, communicating at-risk tasks.
• Experience with client deliverable life cycle and proven record of successful management of client deliverables.

Altus Experience & Benefits

Our culture prioritizes high trust and high performance. We offer opportunities to grow, mentorship, and access to our learning resources and data tools.

What Altus Group offers

• Rewarding performance: competitive compensation, incentive and bonus plans, and a total rewards package prioritizing well-being.
• Growth and development: we invest in your professional learning with resources and training programs.

Inclusivity & Accessibility

Altus Group is committed to fostering an inclusive work environment and is an Equal Opportunity Employer. We do not discriminate on race, color, sex, age, national origin, religion, sexual orientation, gender identity, veteran status, disability, or any other protected class. Applicants with disabilities may contact Altus Group to request accommodations. If you need accommodation, please contact us at [e-mail] or [phone].

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

We may conduct background checks on candidates who receive a conditional offer of employment. Checks may include verification of employment history, education credentials, criminal records, credit history (where relevant), and references. The scope and nature of checks vary by role, location, and applicable laws. All background checks will be conducted in compliance with local laws, 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.