Manager Property Valuations

4 days ago


Sandton, South Africa Growthpoint Properties Full time

Job Title and Job Grade

Manager - Property Valuations
Job grade: D3

Job Purpose

Provide market valuations for all Growthpoint (owned and managed) properties in the commercial, industrial, retail and healthcare sectors.

Role Location

Growthpoint Head Office in Sandton, Johannesburg. The Company will accommodate some flexibility in this regard.

Working Conditions

N/A

Reporting Manager

Head - Business Intelligence Centre

Direct Subordinates

Budget Responsibility
None

Duties and responsibilities
- Manage staff working in the valuations department.
- Manage valuation cycle preparations
- Prepare valuation agreements for external valuers
- Manage the process to determine the allocation of properties to be valued internally and by the external valuers annually
- Facilitate the supply of relevant data to the external valuers who perform independent valuations
- Control the performance of the external valuers and review their valuation reports for reasonableness
- Allocate ad-hoc valuations work for purchase and sale of properties as required by fund/asset management
- Prepare valuation summary schedules for review by asset managers and fund managers for each valuation cycle
- Present valuations to asset management and fund management for approval
- Reconciliation of prior years’ and current years’ valuation reports
- Provide external auditors with required information and answer any queries they may have regarding the values as reported
- Communicate with internal auditors on relevant issues
- Provide support to other departments on values where necessary
- Present the valuations for approval to the Property Committee (Board Sub Committee) bi-annually

Experience

10 years practical valuations experience, preferably in a commercial real estate entity, 5 of which must have been at a managerial level.

**Qualifications**:
Relevant Bachelor of Commerce, Property Valuations or equivalent degree

Competencies
- Stakeholder Focused
- Managing and developing relationships internally and with external valuers
- Decision making ability
- Managing and Developing People
- Problem Solving
- Resilience
- Coping with Pressure and Change
- Computer literate (full MS suite)
- Experienced in using MRI IM Valuations to perform valuations (Property Valuation Software)
- Strong Microsoft Excel skills including financial modeling
- Conversant with Discounted Cash Flow (DCF) analysis for property valuations
- Have knowledge of the current parameters of the variables affecting DCF analysis including discount rates and cap rates for each property sector
- Excellent verbal and written communication skills
- Budget management skills
- Strong conflict management skills
- Have working knowledge of property management
- Understand property income and expense budgets
- Be familiar with sources and use of market related data



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