Senior Analyst Real Estate/Property Valuations

Manulife - Toronto, ON (30+ days ago)

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Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.

Job Description

With limited supervision, the Senior Analyst, Real Estate/Property Valuations is accountable for identifying, evaluating and making recommendations to Real Estate Senior Management on investment opportunities as potential additions, developments, or dispositions to Manulife’s supporting the annual and quarterly external valuations of the Manulife/John Hancock North American Real Estate General Account portfolio (140 +/- properties) and Manulife/John Hancock Real Estate Funds’ (MREF) portfolio (5 R.E. Funds – 75 +/- properties) in keeping with established internal and external compliance investment objectives and policies and procedures. The position is located in Toronto. Property types include Office, Multi-Family, Retail, and Industrial and vacant land. The analyst will perform a wide range of valuation/appraisal review analytical tasks relating to both the real estate industry generally as well as the origination, analysis, and underwriting of specific investment opportunities.

Responsibilities:
Support the annual and quarterly external valuations of the real estate portfolio in Canada, United States, Asia and Japan including the request for proposal (“RFP”) process and evaluation and selection of external appraisal firms.
Coordinate the dissemination of property data and to ensure accuracy of data presented in the external appraisals and financial models (Argus AE) by working with the appraiser/consultant, the local real estate office, members of the investment and leasing operations teams, asset and senior management.
Develop and manage list of outstanding questions/issues for resolution to appraisers prior to finalizing appraisal reports.
Assist with appraisal internal and external audits including quarterly reviews by the Private Alternative Investment Valuation Committee.
Assist in the preparation of reporting documentation, analysis for various R.E. Funds, General Account, Senior Management.
Support investment team in the analysis and evaluation of investment opportunities and participate in investment acquisition, development and disposition for on and off-balance sheet real estate portfolios.
Develop recommendations for real estate senior management on strategic and tactical changes to real estate investment strategies for on- and off-balance sheet real estate portfolios.
Develop and maintain databank of valuation/appraisal metrics and market trends and projections for target investment markets.
Develop internal relationships with investment analysis groups within the Investment Division to support the underwriting of real estate investment opportunities.
Develop contacts within the investment and valuation industry to acquire information related to investment trends and markets.

Knowledge/Skills/Competencies/Education:
Undergraduate university degree required; Business or Mathematics major MBA an asset
Willingness to work towards an appraisal and/or CFA designation
3-5+ years of experience as a Real Estate Investment Analyst
Advanced and diversified knowledge and experience with real estate property and portfolio analysis, including ARGUS AE and other computer modeling programs specific to real estate
Comprehensive knowledge of real estate investment matters, including leasing, development, operations and general finance
Knowledge of the North American Real Estate market to effectively assist in the property and valuation appraisal review, investment opportunities; dispositions, or developments.
Strong presentation skills
Strong analytical and financial modelling skills
Strong interpersonal skills

If you are ready to unleash your potential it’s time to start your career with Manulife/John Hancock.

About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of December 31, 2019, we had $1.2 trillion (US$0.9 trillion) in assets under management and administration, and in the previous 12 months we made $29.7 billion in payments to our customers.

Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

Manulife is an equal opportunity employer. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention and advancement and we administer all of our practices and programs based on qualification and performance and without discrimination on any protected ground.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request any accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.