Manager/Senior Manager - Real Estate Value Advisory

At PwC, our people in audit and assurance focus on providing independent and objective assessments of financial statements, internal controls, and other assurable information enhancing the credibility and reliability of this information with a variety of stakeholders. They evaluate compliance with regulations including assessing governance and risk management processes and related controls. In financial statement audit at PwC, you will focus on obtaining reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes the auditor’s opinion.

PwC Channel Islands is expanding a real estate centre of excellence of Chartered Surveyors, RICS Registered Valuers and real estate industry specialists, who, working in conjunction with our network of PwC member firms, support a wide range of local and international clients on a range of real estate matters. Our clients include property companies, institutional investors and real estate fund managers, government offices, private equity houses and family offices. The breadth and diversity of our clients' real estate exposure, across sectors, geographies and investment strategies, in an ever-changing market environment, requires us to be agile, commercially minded and forward looking as we help them navigate complexity and make informed decisions.

High-quality real estate valuation advice is at the forefront of critical role in supporting informed decision making by management teams, boards and investors, helping them understand, create, sustain, realise and protect value, while meeting the highest standards of risk management and quality. We are looking to recruit an experienced RICS qualified real estate valuer or alternatively qualified real estate industry specialist to join our growing team at a Manager / Senior Manager level, in order to help provide additional bandwidth and facilitate growth of our real estate centre of excellence.

The role will provide you with an opportunity to work alongside other experienced Managers / Senior Managers and the Real Estate Value Advisory Director on a range of client engagements, often in collaboration with other PwC teams, including with our Real Estate practices in our network of PwC member firms. Within this role, you will spend a significant proportion of your time dedicated to working with our Audit practice, critically assessing valuation methodologies and assumptions as part of the audit of our clients’ financial statements. This will involve direct contact with clients, third party managers and valuers, as well as responsibility for the leadership, mentoring and coaching of Associates and Senior Associates within the team.

This is an exciting time to join our highly successful and growing Real Estate business, providing the opportunity to grow and develop your network and experience.

Responsibilities:

• Reviewing real estate asset valuations of a wide range of leased and operational commercial, residential and development real estate assets, typically situated across UK and European markets, for audit purposes.
• Lead on the work and report directly to the relevant internal / external client contact, under the supervision of the team leader (or similar) and work in collaboration with the wider audit team.
• Undertaking real estate valuations and providing sector specialist advice; typically as part of tax or business valuations, transactional due diligence, business recovery / restructuring or wider real estate advisory assignments.
• Collaborating with PwC network firms, including UK, Middle East and Ireland, typically as part of a wider team, however, often requiring you to work independently and autonomously on key work streams (depending on skills and experience).
• Building strong relationships with clients, investors, advisers and internal stakeholders, including audit engagement teams, acting as a trusted point of contact throughout engagements.
• Further developing established knowledge of real estate market trends and valuation approaches across real estate sectors and geographies, whilst embracing opportunities to gain exposure to diverse client situations and perspectives.
• Preparing clear, concise and impactful reports, presentations and client deliverables; translating complex real estate markets and technical valuation matters into practical insights for clients, investors, audit teams and other stakeholders.
• Collaborating with other senior team members in the development of new business, including identifying strategic and client specific opportunities, preparation of proposals and pitches, attendance at client presentations and identifying opportunities for sell-on of existing work.
• Owning the operations / management of engagements, including project planning, risk and acceptance procedures, budgeting, resource management, quality control and client relationship management.
• Coaching more junior team members in respect of technical valuation and market knowledge as part of client assignments, to support the development of our growing team.

Qualifications & Certifications:

• RICS qualified, working towards RICS qualification, or qualified or working towards another relevant professional qualification in real estate, valuation, finance or a related discipline.

Skills & Experience Required:

• Strong knowledge of UK / European commercial real estate markets.
• Advanced technical knowledge and practical experience of commercial real estate valuation.
• Good technical knowledge of operational real estate valuation (e.g. hotels, multi / single family residential, student accommodation). Some practical experience is preferable.
• Good technical knowledge of development asset valuation. Some practical experience is preferable.
• Working knowledge and application of Real Estate valuations and related software e.g. Argus Enterprise, Argus Developer, MRI.
• Willingness to learn and take responsibility.
• Strong interpersonal skills and comfortable communicating at all levels.
• Ability to work effectively in teams and autonomously, on occasion to tight deadlines.
• Proven ability to deliver high-quality written work.
• Strong analytical skills but tempered with an ability to think laterally.
• Good Microsoft Excel (some Real Estate cashflow modelling experience is preferable).
• Strong attention to detail, good project and time management skills.
• Professional verbal and written English.

Desirable skills:

• Technical knowledge and / or practical experience of recovery / restructuring or distressed situation.
• Technical knowledge and / or practical experience of financial reporting.

Travel may be required for this role. Up to 40%.

We seek to attract and employ the best people from the widest talent pool as well as those who reflect the diverse nature of our society. We aim to encourage a culture where people can be themselves and be valued for their unique strengths. Creating value through diversity is what makes us strong as a business.