Associate, Real Estate Valuations

  • Full-time
  • Function: Finance

Company Description

Make an impact at a global and dynamic investment organization

When you invest your career in CPP Investments, you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $500 billion, CPP Investments is a professional investment management organization that globally invests the funds of the Canada Pension Plan (CPP) to help ensure long-term sustainability. The CPP Fund is projected to reach $3 trillion by 2050. CPP Investments invests in all major asset classes, including public equity, private equity, real estate, infrastructure and fixed-income instruments, and is headquartered in Toronto with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney. 

CPP Investments attracts and selects high-calibre individuals from top-tier institutions around the globe.  Join our team and look forward to:

  • Diverse and inspiring colleagues and approachable leaders
  • Stimulating work in a fast-paced, intellectually challenging environment
  • Accelerated exposure and responsibility
  • Global career development opportunities
  • Being motivated every day by CPP Investments’ important social purpose and unshakable principles
  • A flexible/hybrid work environment combining in office collaboration and remote working
  • A deeply rooted culture of Integrity, Partnership and High Performance

If you share a passion for performance, value a collegial and collaborative culture, and approach everything with the highest integrity, here’s an opportunity for you to invest your career at CPP Investments.

Job Description

CPP Investments has an exciting opportunity with our Real Estate Valuations Group within Finance, a team with representation in Toronto, London and Hong Kong, and responsibility for developing an independent view of fair value for the $50 billion global real estate portfolio. The valuations of our investments are the basis for key decisions made to manage the CPP Fund, including financial reporting, asset allocation, and risk management.     

The Associate, Real Estate Valuations will be accountable for key financial reporting deliverables, developing meaningful insights and analysis supporting the global real estate quarterly valuation process, and reporting to key stakeholders across CPP Investments including the Valuation Committee, Board Committees and external auditors.  Additionally, as a trusted partner, you will be responsible for supporting quarterly valuations across multiple global markets and sectors, conducting market research, overseeing ad hoc valuation specific processes, and coordinating various projects for the team. The role is in Toronto.

The ideal candidate has a keen interest in commercial real estate with education and work experience providing an understanding of real estate valuations and market fundamentals.  You have an acute understanding of portfolio level reporting and analytics gained through hands on experience utilizing Excel and/or Business Intelligence tools.  Importantly, you are inspired by innovation, growth, and change, and are proactive and thrive in a culture that embraces technology and strives to be best in class.

Role-Specific Accountabilities:

  • Lead the planning and execution of the quarterly financial reporting process deliverables to valuation leadership, internal and external stakeholders, ensuring accuracy and compliance with international standards
  • Develop insightful and meaningful real estate valuation analytics, identifying performance trends and correlations to enhance portfolio reporting through creative visual charts and tables
  • Stratify and analyze large data sets with a strong emphasis on interpreting and communicating data, identifying historical performance trends and correlations
  • Oversee quarterly valuations for an assigned portfolio, researching the market, challenging and testing assumptions at the asset level, identifying material valuation movements and drivers, with the ability to update Argus Enterprise models and defend findings to Valuations Group leadership
  • Improve and evolve the risk management process, developing solutions to identify gaps in controls
  • Research, analyze and integrate pertinent market surveys, activity, and commentary in relation to the global portfolio, succinctly communicating findings to the team in a timely manner
  • Coordinate and deliver internal and external audit requirements
  • Execute ad hoc valuation-specific requests, such as the debt valuation process ensuring accuracy of results and controls
  • Establish and foster effective working relationships within department and manage stakeholders across multiple CPP Investments’ global offices, partners, and functions
  • Mentor junior team members
  • Other duties and/or projects as required

Qualifications

  • Relevant undergraduate or advanced degree - Real Estate, Economics, Finance, or other related discipline
  • Other professional designation such as CFA, CPA an asset
  • AACI, or equivalent international professional accreditation, awarded or actively in progress
  • Minimum 5+ years of progressive commercial real estate experience across multiple asset classes ideally in a portfolio/asset management, research, or valuations, role with institutional environment exposure
  • Demonstrated experience in portfolio level reporting with highly advanced MS Suite (Excel, PowerPoint, Word) proficiency, financial modeling, and analytical skills
  • Familiarity with real estate valuation methodologies; experience with Argus Enterprise
  • Working experience with business intelligence tools (i.e. Tableau); strong interest and comfort in the learning and application of new advancing technology

Who You Are:

  • Proactive mindset
  • Adaptable, inquisitive self-starter, with ability to work independently and manage multiple workstreams in a high performing culture with time-sensitive deadlines
  • Well-organized and exceptional attention to detail and accuracy
  • Team player committed to group goals and initiatives
  • Ability to foster effective working relationships across the organization
  • Excellent written and verbal communication skills; able to present findings clearly and concisely
  • Exemplify CPP Investments’ Guiding Principles of Integrity, Partnership and High Performance

Additional Information

Visit our LinkedIn Career Page or Follow us on LinkedIn. #LI-PM1 #LI-Onsite 

At CPP Investments, we are committed to diversity and equitable access to employment opportunities based on ability.

We thank all applicants for their interest but will only contact candidates selected to advance in the hiring process. 

Our Commitment to Inclusion and Diversity:

In addition to being dedicated to building a workforce that reflects diverse talent, we are committed to fostering an inclusive and accessible experience. If you require an accommodation for any part of the recruitment process (including alternate formats of materials, accessible meeting rooms, etc.), please let us know and we will work with you to meet your needs.

Disclaimer:

CPP Investments does not accept resumes from employment placement agencies, head-hunters or recruitment suppliers that are not in a formal contractual arrangement with us. Our recruitment supplier arrangements are restricted to specific hiring needs and do not include this or other web-site job postings. Any resume or other information received from a supplier not approved by CPP Investments to provide resumes to this posting or web-site will be considered unsolicited and will not be considered.  CPP Investments will not pay any referral, placement or other fee for the supply of such unsolicited resumes or information.

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