Real Estate Valuations Associate

at  Manulife

The Real Estate Valuation Associate will have a major role in our best-in-class real estate valuation process. In this face-paced role, the primary responsibilities will include coordinating, reviewing, and reporting real estate values across our global portfolio. Other key responsibilities include, but are not limited to, debt and preferred equity valuation, training junior team members, sensitivity analysis, market research, and aiding in thought leadership.
This role will report directly to the Managing Director, Global Head of Real Estate Valuations but will also work closely with asset managers, portfolio managers, acquisitions, and external service providers. The Associate will also work on a wide range of other platform initiatives to support the growth of the portfolio.
Manulife Investment Management (“MIM”) is the global wealth and asset management segment of Manulife Financial Corporation. MIM’s global real estate platform provides investment solutions globally as part of its comprehensive private markets’ capabilities, offering core, core-plus, and value-add strategies.
The global real estate team leverages its global platform and regional market knowledge to identify opportunities and drive results for its clients. As of December 31, 2024, its sustainably operated platform includes 90 million square feet of office, industrial, retail, and multifamily assets located across Canada, the United States, and the Asia Pacific region, with approximately $20 billion USD of real estate (500+ properties). The team is expanding its capabilities to meet evolving market opportunities, building a strong and diverse global culture as an entrepreneurial investment manager.

QUALIFICATIONS:

• Bachelor’s Degree in business, finance, accounting or real estate is required
• Minimum of five years of real estate experience (including a minimum of three years in valuation/appraisal/acquisitions)
• Strong knowledge of commercial real estate property types and valuation methodology/approaches
• Ability to pro-actively work with a range of stakeholders to achieve objectives and deadlines in a fast-paced environment. Ability to work as a team player and to develop strong working relationships across various groups and locations
• Excellent influencing and communication skills. Sound analytical and problem-solving skills. Effective customer service and interpersonal skills. Strong organizational, time management and priority setting skills to meet tight deadlines
• Strong analytical skills (both quantitative and qualitative). Strong risk assessment skills. Ability to compile, monitor, examine, and audit various financial, performance, and/or data reports for accuracy, integrity, and conformance to performance benchmarks
• Ability to draw conclusions and prepare written findings and presentations. Ability to evaluate and determine property valuations under a variety of scenarios
• Excellent verbal and written communications skills in order to present to and work with senior management and external clients
• Ability to juggle competing priorities and work under pressure to meet demanding response times, all while paying strict attention to detail
• Focused and self-motivated team player who balances independent thinking with the execution capabilities and core competencies for the rest of the organization
• Advanced proficiency with Microsoft Excel and Argus Enterprise. Experience with other real estate systems, such as CoStar, RCA, and Yardi is a plus
• Appraisal license(s) and or Big-4 experience is a plus
• Ability and willingness to travel to tour the portfolio and/or acquisitions

• With limited supervision, own our best-in-class valuation workflow for assigned assets and portfolios to meet our financial reporting deadlines
• Review third-party appraisals to ensure proper methodology as well as market-supported assumptions and value conclusions are reasonable given changes in the market and at the property
• Perform independent internal valuations, including sensitivity analyses
• Conduct quantitative and qualitative analyses for benchmarking, testing, and reporting
• Play a significant role in identifying market trends and extracting insights across the portfolio to aid in strategic decision marking
• Help drive process improvements including automating manual processes and integrate market research into valuation process
• Prepare, present, and report preliminary and final valuation results and insights to leadership
• Other ad hoc projects and initiatives as needed