EYP - VME - Associate Manager

Job description

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all. VME Real Estate – Transactions & Corporate Finance (TCF) – Associate Manager Within TAS, Real Estate (RE) group is part of Valuations, Modelling and Economics sub-service line. Our RE practice provides real estate valuation, analytical services and other business advisory services to developers, builders, investors, lenders and Fortune 500 companies. With over 500 RE professionals worldwide (~45 in GDS RE), no similarly positioned global professional organization can match breadth of our capabilities or depth of our resources. GDS RE works as a strategic partner to global RE practices, working with them to provide highly efficient and value-added services to meet our clients’ real estate valuation and diligence requirements. The opportunity We’re looking for Associate Manager with expertise in real estate valuation to join the valuation group of our Real Estate Valuation Team . As a member of the Ernst & Young Real Estate team, the Associate Manager will serve as a project lead and/or member of multiple client engagement teams around the world (US, UK, Germany, Australia etc) which primarily assist in real estate and hospitality advisory engagements in a fast-paced, service-oriented business environment. Associate Manager will work on a wide variety of real estate and hospitality-specific clients including owners, developers, builders, financial institutions, lenders, pension funds, as well as numerous Fortune 500 companies. Typical engagements include CRE underwriting, appraisals and valuations, review of valuation analysis, market studies/research, cash flow analyses, due diligence, portfolio analysis and cash flow modelling. This is a fantastic opportunity to be part of a leading firm whilst being instrumental in the growth of a valuation service offering. Your key responsibilities Serve as a member of multiple client engagement teams, taking a lead role in understanding clients’ needs, conducting analyses and reporting results Lead and manage commercial real estate underwriting and due diligence engagements across a broad range of property types including multi-family residential, office, retail, hotel, industrial, mixed-use, infrastructure, and special-use properties Perform comprehensive loan underwriting and asset-level analyses, including review of historical operating performance, cash flow sustainability, analysing general ledgers and financial records to identify unusual transactions and key credit considerations. Conduct detailed revenue and expense review procedures by analysing rent rolls, bank statements, check deposits, operating expense invoices, property tax records, lease agreements, and supporting property documentation. Review, abstract, and analyse complex lease agreements, amendments, estoppels, and other tenancy documents to identify critical lease terms, reimbursement structures, rent escalations, renewal options, concessions, and termination provisions. Prepare and review Asset Summary Reports (ASRs), underwriting memorandums, due diligence reports, and other client deliverables summarizing property performance, risks, mitigants, and investment considerations. Specific engagement will include financial and cash flow modelling, market research, real estate documents analysis (including site/building plans, leases, appraisals, and mortgage underwriting/lending documents), asset valuation (PPA/fair value), and report writing Challenge yourself to continually learn and teach, mentoring others while developing your own career Take ownership of your projects, while working collaboratively with other team members Maintain and develop positive, productive, and professional relationships with clients Supervise, develop and mentor professionals at the Staff and Senior level Ability to manage a team of 3-5 professionals; Conducting timely performance reviews for employees and developing other professionals by providing effective performance feedback and training to them. Leading by example. Use current technology and tools to enhance the effectiveness of services provided. Skills and attributes for success Strong understanding of commercial real estate underwriting, due diligence processes, and credit analysis across multiple property types and loan products. Extensive experience analysing rent rolls, operating statements, general ledgers, bank statements, lease documents, property tax records, and borrower financial information. Experience preparing Asset Summary Reports (ASRs), underwriting memorandums, due diligence reports, and lender review packages. Strong knowledge in performing valuation of Real & Intangible assets using Income Approach (Discounted Cash Flow Method & Direct Capitalization Method), Net Asset Value Method (or Cost Method) and Precedent Transaction Analysis (or Relative Valuation/ Sales Comparison/ Market Approach) Knowledge of developing valuation models, performing highest and best use valuation analysis for purposes of financial reporting, tax planning etc. Proficient at using research databases like LoopNet, REIS, RCA (real capital analytics), CoStar, CBRE, JLL, C&W, Capital IQ, One Source, Factiva, Reuters, etc. Analyzing financial statements, conducting market research studies and preparing reports, Application of Free Cash Flows, Terminal value, Discount rate, WACC, Advanced MS Excel models etc. Strong knowledge of key clauses in lease (options, economic terms, terminations) Excellent analytical, project management, communication, interpersonal and teaming skills Willingness and ability to travel, when necessary Actively promote the sharing of knowledge within the group; Contribute pro-actively to building team spirit Manage and responsible for 1-2 people for their career progression, learning and development etc Exposure to tools like Argus, Power BI, Gen AI tools etc. will be added advantage To qualify for the role, you must have Master’s in business administration (MBA) specialize in Finance 7+ years of direct work experience in real estate underwriting and valuation projects Strong Excel and PowerPoint skills. Experience with BIG4 accounting firm would be provided weightage Ideally, you’ll also have People management skills Project management skills Exposure to tools like Argus, Power BI, Gen AI tools etc. will be added advantage What we look for A Team of people with commercial acumen, technical experience and enthusiasm to learn new things in this fast-moving environment An opportunity to be a part of market-leading, multi-disciplinary team of 1400 + professionals, in the only integrated global transaction business worldwide. Opportunities to work with EY TAS practices globally with leading businesses across a range of industries What working at EY offers At EY, we’re dedicated to helping our clients, from start–ups to Fortune 500 companies — and the work we do with them is as varied as they are. You get to work with inspiring and meaningful projects. Our focus is education and coaching alongside practical experience to ensure your personal development. We value our employees and you will be able to control your own development with an individual progression plan. You will quickly grow into a responsible role with challenging and stimulating assignments. Moreover, you will be part of an interdisciplinary environment that emphasizes high quality and knowledge exchange. Plus, we offer: Support, coaching and feedback from some of the most engaging colleagues around Opportunities to develop new skills and progress your career The freedom and flexibility to handle your role in a way that’s right for you EY | Building a better working world EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.