EYP-VME-RE-Assistant Manager

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VME Real Estate – Strategy and Transactions (SaT) – Assistant Manager

Within SaT, Real Estate (RE) group is part of Valuations, Modelling and Economics sub-service line. Our RE practice provides real estate valuation, analytical services and other business advisory services to developers, builders, investors, lenders and Fortune 500 companies.

With over 500 RE professionals worldwide (~35 in GDS RE), no similarly positioned global professional organization can match breadth of our capabilities or depth of our resources. GDS RE works as a strategic partner to global RE practices, working with them to provide highly efficient and value-added services to meet our clients' real estate valuation and diligence requirements.

The opportunity

We're looking for Assistant Manager with expertise in real estate valuation to join the valuation group of our Real Estate Valuation Team.

As a member of the Ernst & Young Real Estate team, the Assistant Manager will serve as a project lead and/or member of multiple client engagement teams around the world (US, UK, Germany, Australia etc) which primarily assist in real estate and hospitality advisory engagements in a fast-paced, service-oriented business environment. Assistant Manager will work on a wide variety of real estate and hospitality-specific clients including owners, developers, builders, financial institutions, lenders, pension funds, as well as numerous Fortune 500 companies.

Typical engagements include appraisals and valuations, review of valuation analysis, market studies/research, cash flow analyses, due diligence, portfolio analysis and cash flow modelling.

This is a fantastic opportunity to be part of a leading firm whilst being instrumental in the growth of a valuation service offering.

Your key responsibilities

Serve as a member of multiple client engagement teams, taking a lead role in understanding clients' needs, conducting analyses and reporting resultsWork on and manage engagements on real estate advisory, valuation and due diligence,spread across property typesEngagements include financial analyses, cash flow modeling, analytical model reviews,property/portfolio modeling, asset valuations, real estate appraisals and appraisal reviews,and other general real estate advisory services.We are involved in analysis of a variety of property types including multi-family residential, office, retail, hotel, industrial, mixed-use, infrastructure, and special-use properties.Specific engagement responsibilities will include financial and cash flow modeling, market information research, real estate documents analysis (including site/building plans, leases, appraisals, and mortgage underwriting/lending documents), market studies, asset valuation (PPA/fair value), and report writingMaintain and develop positive, productive, and professional relationships with EY offices globallySupervise, develop and mentor professionals at the Staff and Senior levelAbility to manage and counsel a team of 1-2 professionals if given opportunityDemonstrate teamwork and responsibility with engagement team membersUse current technology and tools to enhance the effectiveness of services provided.Performing any other task or ad hoc projects as requested.

Skills and attributes for success

Strong knowledge in performing valuation of Real & Intangible assets using Income Approach (Discounted Cash Flow Method & Direct Capitalization Method), Net Asset Value Method (or Cost Method) and Precedent Transaction Analysis (or Relative Valuation/ Sales Comparison/ Market Approach)Knowledge of developing valuation models, performing highest and best use valuation analysis for purposes of financial reporting, tax planning etc.Proficient at using research databases like LoopNet, REIS, RCA (real capital analytics), CoStar, CBRE, JLL, C&W, Capital IQ, One Source, Factiva, Reuters, etc.Analyzing financial statements, conducting market research studies and preparing reports, Application of Free Cash Flows, Terminal value, Discount rate, WACC, Advanced MS Excel models etc.Strong knowledge of key clauses in lease (options, economic terms, terminations)Excellent analytical, project management, communication, interpersonal and teaming skillsWillingness and ability to travel, when necessaryActively promote the sharing of knowledge within the group; Contribute pro-actively to building team spiritManage and responsible for 1-2 people for their career progression, learning and development etcExposure to tools like Tableau, Power BI, Alteryx etc. will be added advantage

To qualify for the role, you must have

Master's in business administration (MBA) specialize in Finance5+ years of direct work experience in real estate valuation projectsStrong Excel and PowerPoint skills.Experience with BIG4 accounting firm would be provided weightage

Ideally, you'll also have

People management skillsProject management skillsExposure to tools like Tableau, Power BI, Alteryx etc. will be added advantage

What we look for

A Team of people with commercial acumen, technical experience and enthusiasm to learn new things in this fast-moving environmentAn opportunity to be a part of market-leading, multi-disciplinary team of professionals, in the only integrated global transaction business worldwide.Opportunities to work with EY SaT practices globally with leading businesses across a range of industries

What working at EY offers

At EY, we're dedicated to helping our clients, from start–ups to Fortune 500 companies — and the work we do with them is as varied as they are.

You get to work with inspiring and meaningful projects. Our focus is education and coaching alongside practical experience to ensure your personal development. We value our employees and you will be able to control your own development with an individual progression plan. You will quickly grow into a responsible role with challenging and stimulating assignments. Moreover, you will be part of an interdisciplinary environment that emphasizes high quality and knowledge exchange. Plus, we offer:

Support, coaching and feedback from some of the most engaging colleagues aroundOpportunities to develop new skills and progress your careerThe freedom and flexibility to handle your role in a way that's right for you

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