Job Description

Job PurposeTo perform valuations on all Growthpoint (owned and managed) properties in the commercial, industrial, and retail sectors.Duties and responsibilities

• Assist in all aspects of the functioning of the valuators department.
• Prepare documentation and computer files for external valuers.
• To perform valuations at interim and year end
• Assist Asset Managers with adhoc valuations.
• To provide support and assistance to external valuers.
• To review external valuations.
• Obtain valuation approval.
• Assist with adhoc queries from auditors and other stakeholders.
• Analysis of market trends, including demand, vacancies, expenditure etc.
• Analysis of comparable sales, with a view to determining capitalization rates, market related values etc.
• Examination of title deeds, with particular attention paid to any servitudes and their effect on the value, restrictive conditions of ownership, etc.
• Critical assessment of cap rates, rental levels and cost estimates pertaining to properties.
• Prepare reports in respect of property valuations.
• Undertake research.

Experience

• At least 3 - 5 years of work experience in property valuation with a strong knowledge and understanding of:

o Property Valuation with experience in income producing properties.
o Discounted cash flow valuations.
o Valuation software, preferably MRI Global Valuations or similar.
o Commercial Real Estate and Property Management.Qualifications

• Degree/Diploma in Real Estate/Property Valuation.
• Be registered with the SA Council for the Property Valuers Profession as a Professional Associated Valuer or Professional Valuer.

Competencies and Skills

• Self-starter with initiative and the ability to work autonomously after having received instruction.
• Excellent interpersonal and problem-solving abilities.
• Hard worker with an ability to work under pressure.
• Deadline focused and results driven.
• Hands-on and involved with an ability to see the bigger picture.
• A team player who can work well within a team.
• Excellent verbal, written communication, and presentation skills.
• Report writing.
• Problem solving.
• Computer skills - advanced MS Excel and Word.
• Attention to detail.
• Thorough and methodical.
• Numerate.

Growthpoint Properties