VAS - Funds Manager - CBRE
Chicago, IL
About the Job
VAS - Funds Manager
Job ID
197535
Posted
27-Dec-2024
Service line
Advisory Segment
Role type
Full-time
Areas of Interest
Valuations/Appraisal
Location(s)
Atlanta - Georgia - United States of America, Boston - Massachusetts - United States of America, Charlotte - North Carolina - United States of America, Chicago - Illinois - United States of America, Dallas - Texas - United States of America, Houston - Texas - United States of America, Los Angeles - California - United States of America, Miami - Florida - United States of America, New York City - New York - United States of America, Sacramento - California - United States of America, San Diego - California - United States of America, San Francisco - California - United States of America, Seattle - Washington - United States of America, Washington - District of Columbia - United States of America, Washington, D.C. - District of Columbia - United States of America
About The Role:
As a CBRE Valuation Funds Manager, you will independently prepare market value appraisals on real estate assets with review by a Managing Director or Senior MD (one of whom must be MAI). You'll prepare real estate appraisal reports from start to finish on simple or non-complex properties, including all Appraiser responsibilities as well as performing detailed appraisal analysis in order to value real estate. You will mentor Analysts and Consultants and acts as a single Point Of Contact for fund clients.
What You'll Do:
+ Prepare appraisal report by describing physical and economic property characteristics, appraisal procedures used, and information analyzed; disclosing extraordinary assumptions, and hypothetical and limiting conditions; communicating supportive reasoning.
+ Run daily workflow of all appraisal related assignments with assistance Analysts/Consultants and oversight from Directors. Ensures client specific requirements on appraisal assignments are being met.
+ Research and analyze property information by collecting, verifying, and analyzing data regarding inventory of similar properties, sales and listings, vacancies and offerings, absorption rates, demand studies, social, economic, governmental, and environmental characteristics, restrictions, encumbrances, covenants, contracts, declarations, special assessments, ordinances, cost and depreciation, income/expense and capitalization rate, history of ownership, and use of the property; conducting analyses and studies, e.g., land utilization, supply and demand, economic feasibility, highest and best use, marketability, development, litigation support; searching databases; inspecting property; interviewing people in a position to understand the property.
+ Chip in to overall organizational goals by adding to database, setting up a library, specializing in unique real estate markets, mentoring junior team members, and engaging in client development.
+ Resolve valuation method by selecting approach and techniques for valuing property, i.e., cost, direct sales comparison, and income capitalization; identifying property characteristics and attributes.
+ Identify value to be estimated by studying appraisal request, problem to be solved, and scope of the project, such as, mortgage financing, insurance replacement cost calculation, estate valuation, tax appeals, equitable distribution, corporate employee relocation, investment, or sale.
+ Maintain organizational reputation by conforming to the Uniform Standards of Professional Appraisal Practice (USPAP); keeping information confidential.
+ Update job knowledge by following current real estate values and property development potential, including land use restrictions; participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations for the purpose of conducting accurate appraisals.
+ No formal supervisory responsibilities in this position. Coordinates and assigns tasks to co-workers within a work unit and/or project team. Leads project teams and/or plan, and coordinate assignments of lower level employees. May have responsibility for identifying training needs, tracking performance, coaching, and motivating a group.
+ Other duties may be assigned.
What You'll Need:
To perform this job successfully, an individual will need to perform each crucial duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
+ Bachelor's degree required. Master’s degree preferred. A minimum of (5) years commercial appraisal experience for institutional clients.
+ Must have General State Certification/License. MAI designation preferred.
+ Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
+ Requires average knowledge of financial real estate terms and principles. Complete understanding of approaches to value of real estate.
+ Ability to comprehend, analyze, and interpret documents. Ability to solve problems involving several options in situations. Requires strong analytical and quantitative skills.
+ Must be proficient in Argus, MS Word and MS Excel. Excellent writing skills.
+ Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and timelines. Responsible for setting work unit and project timelines. Errors in judgment may cause short-term impact to department.
+ Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
Why CBRE?
When you join CBRE you will have the support and resources of a global firm where an entrepreneurial mentality is encouraged. You'll realize your potential with exciting work, fast-paced assignments, an environment of constant learning and dedication to results! To enable your success, we provide the best tools, training and leaders in the industry.
Our culture is built on ourRISE (https://www.cbre.com/about-us/culture-and-history) values and reflects the needs and perspectives of our clients and our people. Our work is guided by our North Star: Crafting the real estate solutions of tomorrow, so businesses and people thrive.
Coming to work for CBRE, you will receive a comprehensive benefits package, 401k, and extraordinary perks such as career growth and longevity!
CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for the VAS Funds Manager position is $140,000.00 annually and the maximum salary for the position is $175,000.00 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. This role will provide the following benefits: 401(K), Dental insurance, Health insurance, Life insurance, and Vision insurance. Successful candidates will also be eligible for a discretionary bonus based on CBRE's applicable benefit program.
Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).
NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.
CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)
Job ID
197535
Posted
27-Dec-2024
Service line
Advisory Segment
Role type
Full-time
Areas of Interest
Valuations/Appraisal
Location(s)
Atlanta - Georgia - United States of America, Boston - Massachusetts - United States of America, Charlotte - North Carolina - United States of America, Chicago - Illinois - United States of America, Dallas - Texas - United States of America, Houston - Texas - United States of America, Los Angeles - California - United States of America, Miami - Florida - United States of America, New York City - New York - United States of America, Sacramento - California - United States of America, San Diego - California - United States of America, San Francisco - California - United States of America, Seattle - Washington - United States of America, Washington - District of Columbia - United States of America, Washington, D.C. - District of Columbia - United States of America
About The Role:
As a CBRE Valuation Funds Manager, you will independently prepare market value appraisals on real estate assets with review by a Managing Director or Senior MD (one of whom must be MAI). You'll prepare real estate appraisal reports from start to finish on simple or non-complex properties, including all Appraiser responsibilities as well as performing detailed appraisal analysis in order to value real estate. You will mentor Analysts and Consultants and acts as a single Point Of Contact for fund clients.
What You'll Do:
+ Prepare appraisal report by describing physical and economic property characteristics, appraisal procedures used, and information analyzed; disclosing extraordinary assumptions, and hypothetical and limiting conditions; communicating supportive reasoning.
+ Run daily workflow of all appraisal related assignments with assistance Analysts/Consultants and oversight from Directors. Ensures client specific requirements on appraisal assignments are being met.
+ Research and analyze property information by collecting, verifying, and analyzing data regarding inventory of similar properties, sales and listings, vacancies and offerings, absorption rates, demand studies, social, economic, governmental, and environmental characteristics, restrictions, encumbrances, covenants, contracts, declarations, special assessments, ordinances, cost and depreciation, income/expense and capitalization rate, history of ownership, and use of the property; conducting analyses and studies, e.g., land utilization, supply and demand, economic feasibility, highest and best use, marketability, development, litigation support; searching databases; inspecting property; interviewing people in a position to understand the property.
+ Chip in to overall organizational goals by adding to database, setting up a library, specializing in unique real estate markets, mentoring junior team members, and engaging in client development.
+ Resolve valuation method by selecting approach and techniques for valuing property, i.e., cost, direct sales comparison, and income capitalization; identifying property characteristics and attributes.
+ Identify value to be estimated by studying appraisal request, problem to be solved, and scope of the project, such as, mortgage financing, insurance replacement cost calculation, estate valuation, tax appeals, equitable distribution, corporate employee relocation, investment, or sale.
+ Maintain organizational reputation by conforming to the Uniform Standards of Professional Appraisal Practice (USPAP); keeping information confidential.
+ Update job knowledge by following current real estate values and property development potential, including land use restrictions; participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations for the purpose of conducting accurate appraisals.
+ No formal supervisory responsibilities in this position. Coordinates and assigns tasks to co-workers within a work unit and/or project team. Leads project teams and/or plan, and coordinate assignments of lower level employees. May have responsibility for identifying training needs, tracking performance, coaching, and motivating a group.
+ Other duties may be assigned.
What You'll Need:
To perform this job successfully, an individual will need to perform each crucial duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
+ Bachelor's degree required. Master’s degree preferred. A minimum of (5) years commercial appraisal experience for institutional clients.
+ Must have General State Certification/License. MAI designation preferred.
+ Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
+ Requires average knowledge of financial real estate terms and principles. Complete understanding of approaches to value of real estate.
+ Ability to comprehend, analyze, and interpret documents. Ability to solve problems involving several options in situations. Requires strong analytical and quantitative skills.
+ Must be proficient in Argus, MS Word and MS Excel. Excellent writing skills.
+ Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and timelines. Responsible for setting work unit and project timelines. Errors in judgment may cause short-term impact to department.
+ Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
Why CBRE?
When you join CBRE you will have the support and resources of a global firm where an entrepreneurial mentality is encouraged. You'll realize your potential with exciting work, fast-paced assignments, an environment of constant learning and dedication to results! To enable your success, we provide the best tools, training and leaders in the industry.
Our culture is built on ourRISE (https://www.cbre.com/about-us/culture-and-history) values and reflects the needs and perspectives of our clients and our people. Our work is guided by our North Star: Crafting the real estate solutions of tomorrow, so businesses and people thrive.
Coming to work for CBRE, you will receive a comprehensive benefits package, 401k, and extraordinary perks such as career growth and longevity!
CBRE carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The minimum salary for the VAS Funds Manager position is $140,000.00 annually and the maximum salary for the position is $175,000.00 annually. The compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience. This role will provide the following benefits: 401(K), Dental insurance, Health insurance, Life insurance, and Vision insurance. Successful candidates will also be eligible for a discretionary bonus based on CBRE's applicable benefit program.
Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).
NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.
CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)
Source : CBRE