Valuations Analyst, Ten-X
CoStar Group
Irvine, CA
Salary Estimate: Confidential
Employment Type: Full Time
Work Place: Part Remote
Experience Required: 2+ to 5 years
Education Required: 4 Year College
Job Description
We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our customers. We’ve continually refined, transformed and perfected our approach to our business, creating a language that has become standard in our industry, for our customers, and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.
Ten-X
Role Description: As a Valuations Analyst you will be responsible for reviewing commercial real estate leads from our internal Sales Executive team as an aid in the decision-making process with respect to the onboarding and sale of commercial real estate assets on the Ten-X auction sales platform. The role includes managing our real estate underwriting pipeline, including data mapping of due diligence fields and comparable information, developing, and communicating the results of your underwriting and pricing opinion conclusions to our internal Sales Executives and management team, and, when warranted, to outside stakeholders.
Responsibilities:
- Quickly analyze and develop a credible pricing opinion for commercial real estate assets through a review of the supporting due diligence and market data.
- Identify and communicate to the Sales Executive team what due diligence may still be necessary
- Present and support your pricing opinion
- Review and analyze previous auction data to understand sale trends
- Present counterarguments of why pricing expectations may be too aggressive and present support and reasoning for a discounted sales price
- Bachelor's Degree from an accredited, not-for-profit University or College.
- 2 + years of experience in commercial real estate valuation and underwriting.
- 2 + years of experience with financial modeling across all types of commercial real estate classes, including cash flow models and other financial analyses required to evaluate commercial real estate opportunities presented for sale to Ten-X.
- In-depth understanding of real estate investment factors and valuation, coupled with a general understanding of finance, accounting, leasing, and capital markets, terms, and concepts.
- Extremely strong quantitative and analytical skills with an attention-to-detail.
- A track record of commitment to prior employers.
- High level of proficiency in Excel and PowerPoint
- Strong written and verbal skills, with fluency in commercial real estate valuation terms and concepts
- Excellent organizational skills with the ability to work independently, prioritize, and multi-task
- Ability to work in a high-volume, fast-paced, environment within which the typical daily deal volume to review is 4-6 new opportunities
- Comfortable working across all major commercial property types (office, retail, industrial, multi-family, & hotel)
Our benefits package includes (but is not limited to):
- Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
- Life, legal, and supplementary insurance
- Virtual and in-person mental health counseling services for individuals and family
- Commuter and parking benefits
- 401(K) retirement plan with matching contributions
- Employee stock purchase plan
- Paid time off
- Tuition reimbursement
- On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes
- Access to CoStar Group’s Diversity, Equity, & Inclusion Employee Resource Groups
- Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks
This position offers a base salary range of $60,000 to $111,000, based on relevant skills and experience and includes a generous bonus and benefits plan.
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