Real Estate Debt Valuation Analyst

Altus Group; Houston (TX); On-site; USD 46,000 - 110,000; Full time

Job summary

An innovative firm is seeking a Real Estate Debt Valuation Analyst to join their team. This role offers a unique opportunity to delve into debt valuation and appraisal management, learning essential skills such as discounted cash flow modeling and capital markets analysis. The position emphasizes professional growth and development within a supportive, people-centric culture, making it an ideal environment for those eager to advance their careers in the commercial real estate sector. Embrace the chance to make a significant impact while working alongside a collaborative team committed to modernizing the industry.

Benefits

Competitive compensation

Incentive and bonus plans

Flexible work model

Learning materials and training

Qualifications

• Preferably a degree in Real Estate or Finance with a minimum 3.5 GPA.
• Internship experience in the CRE industry is an asset.

Responsibilities

• Handle debt valuation and appraisal management tasks.
• Prepare discounted cash flow models using Excel and ARGUS.
• Conduct capital markets analysis using research resources.

Skills

Attention to detail

Proactive communication

Business writing

Data analysis

Education

University or college degree in Real Estate or Finance

Tools

Microsoft Excel

ARGUS

Bloomberg

Job description

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:

Altus Group is currently looking for a new Real Estate Debt Valuation Analyst to join our Irvine and/or Los Angeles office. In this position, you will gain knowledge and experience in the business of debt valuation and appraisal, appraisal review and appraisal management for all property types. This is an exciting opportunity for you to learn the basics of debt and property-level underwriting, discounted cash flow modeling, and different structures within the capital stack. You will also learn how to set up and manage the client workflow process; loan document review, asset management/client call setup, and additional data requests from clients. Finally, you will learn how to analyze underlying collateral financial statements; research sale comparables, apply adjustments to the subject loans and properties, and build cash flows.

Our analysis includes valuation of debt both as a liability (mortgage payables) and as an asset (mortgage receivable), working with institutional commercial property investors and debt funds.

Key Responsibilities:

• Debt Valuation / Appraisal Management: Learn and handle the administrative tasks that drive the Altus/client process and ultimately the relationships; asset management call scheduling, lender package reviews, asset summary reviews. Learn to complete a market analysis for a subject property, which includes gathering and analyzing data about the subject’s market and submarket. Analysts learn to apply judgement and gain knowledge on data gathering and learn to determine reasonable valuation assumptions for each deal. This analysis is one of the key components in the subject’s valuation analysis.
• Valuation: Learn to prepare discounted cash flow models primarily using excel and become familiar with ARGUS Enterprise for underlying collateral valuations. 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 risk associated with underlying collateral commercial real estate which impacts overall debt valuation. Learn to read and understand various loan documents including investment committee memos, loan agreements, promissory notes, etc. as well as review external third-party collateral appraisal reports. Incorporate subject property specific adjustments based on underlying collateral performance and business plan execution.
• Capital Markets Analysis: Learn to utilize different research resources, including Bloomberg, to understand the latest changes in the capital markets and how they impact the latest loan originations. Discuss with debt team to gain comprehension of Federal Reserve commentary and decisions, treasury rate movements, and loan spread expansion/compression drivers.
• 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.

Key Qualifications:

• University or college degree in Real Estate, Finance, or related field preferred but not required, with a minimum 3.5 GPA
• Internship experience within the CRE industry is an asset
• ARGUS experience is an asset
• Proficient with Microsoft Excel (v-lookups, Index/Match, pivot tables)
• Exposure to business writing
• Strong attention to detail
• Ability to proactively communicate (i.e. when behind on deliverables or seeking assistance)
• Experience working independently and also 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 [e-mail] or [phone].

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.