Manager, Valuations

Canada·TorontoFull-timemid

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About Allied Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities.

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Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Our work is grounded in a clear purpose: to provide knowledge-based organizations with distinctive urban environments that support creativity, connectivity and human wellness.

Our vision is more expansive. We seek to make a continuous contribution to cities and culture that elevates and inspires the humanity in all of us. This vision informs how we operate, how we design and how we lead.

Real estate, for us, is not a passive investment. It is a profoundly human endeavour, one that must promote wellness, sustainability, diversity and creativity—today and for generations to come.

Allied is also a place to build a career of consequence. If you are looking for work that is thoughtful, tangible and enduring—work that contributes meaningfully to cities and the people who inhabit them—you will find purpose here.

For more information on Allied’s approach to city-building, visit our Insights page.

Independently prepare and review valuations of income-producing investment properties, development land and properties under development using DCF, direct comparison and other appropriate methodologies.

Develop and critically assess assumptions used in the valuation of income-producing investment properties.

Evaluate highest and best use considerations for development properties and land where applicable.

Analyze market transactions and other external evidence supporting capitalization rates, discount rates and major valuation assumptions.

Perform and review valuation sensitivity analyses.

Provide detailed review and constructive challenge of valuations prepared by the junior resource.

Ensure calculations, assumptions, market evidence and conclusions are internally consistent and appropriately documented.

Coach and develop junior resource’s technical valuation, ARGUS Enterprise, market research and financial modelling capabilities.

Allocate property-level responsibilities, establish review timelines and monitor completion against quarterly reporting deadlines.

Escalate material valuation matters, control exceptions or unsupported assumptions to the Senior Manager, Valuations.

Assess property-level changes in leasing, capital expenditures, development costs, operating performance and market conditions.

Review and explain material quarter-over-quarter fair value movements, identifying the principal property-specific and market drivers.

For properties externally valued, review and reconcile internal valuation conclusions against external appraisals, investigate and explain variances in values and underlying assumptions, document the rationale for the concluded fair values, and escalate material or unresolved differences to the Senior Manager, Valuations.

Assist the Senior Manager, Valuations in preparing quarterly materials for senior management and the Valuation Committee.

Support responses to external auditor and external appraiser questions and track the resolution of review comments.

Apply practical knowledge of IAS 40 and IFRS 13 in determining and documenting investment property fair values.

Work with Finance and Accounting to ensure valuation assumptions and conclusions are appropriately reflected in financial reporting.

Support valuation-related financial statement disclosures and management reporting as required.

Requirements

~1 min read

Bachelor's degree in real estate, Finance, Accounting, Economics, Commerce or a related discipline.

Approximately 5 to 8 years of progressively responsible commercial real estate valuation experience.

Strong preference for an AACI designated member, or an advanced-stage AIC Candidate actively progressing toward AACI.

Advanced hands-on ARGUS Enterprise and DCF experience; advanced Excel modelling; development land or development property valuation experience; detailed understanding of commercial leases, and recoveries.

Working knowledge of IAS 40, IFRS 13 and market-participant fair value concepts.

Strong independent valuation judgment and willingness to challenge unsupported assumptions.

Ability to explain and defend valuation conclusions in clear, practical language.

High attention to detail and disciplined documentation.

Effective collaboration with Finance, Leasing, Development, Investments, external appraisers and auditors.

At Allied, total rewards are designed with the same perspective that shapes our operations. They are intended to support sustained contribution, creativity and a genuine sense of ownership in the work we do.

In practice, this includes: