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Senior Consultant - Valuations - Real Estate Reviews - Riyadh, KSA

EY
Riyadh, KSA
Full Time
Senior
Onsite
1 weeks ago
Real Estate ValuationFinancial ModelingMarket ResearchIFRS 13ExcelAnalytical Skills
Free

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Real Estate ValuationFinancial ModelingMarket Research
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Overview

  • EY is seeking a Valuation Professional to join its Assurance service line, specifically within the Audit Valuations Team.
  • This role involves conducting comprehensive reviews and evaluations of real estate valuations for audit purposes.

Key Responsibilities

  • Review valuation engagements for various types of real estate assets, including commercial, residential, hospitality and industrial properties.
  • Conduct in depth market research, analysis to check the reasonableness & accuracy of Client’s fair value in accordance with relevant accounting & valuation standards.
  • Evaluate and analyze property cash flows, including rental income, operating expenses, and capital expenditures.
  • Assess and document reasonableness of the valuation methodologies, including income, sales comparison, and cost approaches adopted by the Client.
  • Develop and maintain valuation models to support valuation conclusions, utilizing advanced techniques and tools.
  • Ensure compliance with accounting standards, including IFRS 13 and relevant local regulations.
  • Communicate findings and recommendations effectively within the team and to the Audit team.
  • Write detailed memos summarizing findings, methodologies, and conclusions from valuation engagements.
  • Serve as a key member on engagements, responsible for detailed execution of valuation models and documentation of methodologies and results.
  • Establish strong professional relationships with the involved stakeholders.
  • Actively participate in process improvement initiatives to optimize workflows and enhance valuation efficiency.

Skills and Attributes to Success

  • Proficient in real estate valuation techniques and methodologies, including Market Approach, Income Approach and Cost Approach.
  • Understanding of real estate markets and investment analysis.
  • Knowledge of accounting standards like IFRS 13 and local valuation regulations.
  • Proficiency in real estate modeling, including Excel and relevant real estate analysis tools.
  • Experience with data extraction and analysis using market research databases and platforms.
  • Good written and verbal communication skills.
  • Strong analytical and problem solving capabilities.
  • Ability to work collaboratively with cross functional teams.

Qualifications

  • A graduate / postgraduate degree in Finance, Real Estate, Economics, Accounting (CA), or Business with 3+ years of relevant experience.
  • Direct experience in real estate valuation techniques and methodologies within a valuation practice, advisory services, or real estate investment firm.
  • Experience in financial modeling, with a focus on building models from scratch in MS Excel.

What We Offer

  • Continuous learning opportunities to develop skills for future challenges.
  • Flexibility and tools to make a meaningful impact.
  • Insights and coaching for transformative leadership.
  • A diverse and inclusive culture that empowers individuals.

About EY

  • EY aims to build a better working world by creating long term value for clients, people, and society.
  • With teams in over 150 countries, EY provides assurance, consulting, law, strategy, tax, and transaction services.

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