Associate, Valuations

Bellwether is a global advisory firm that helps businesses solve their most complex challenges and enhance enterprise value. We specialize in formulating and executing dynamic growth strategies through true partnership with our clients. Merging deep industry expertise, advanced analytical capabilities and best-in-class talent, we create value across the business lifecycle, from transaction management to operational transformation. Bellwether specializes in the management, analysis, and reporting of over $40 billion of AUM across a wide range of real estate related assets and corporate platforms in North America, Europe and Asia.

Bellwether is privately held and has offices in Los Angeles, Newport Beach, Salt Lake City, London and Dallas.

As an Associate, Valuations on the Bellwether Valuations Team, you will conduct and manage the valuations of a portfolio of commercial real estate investments. Key responsibilities include maintaining complex financial analyses, evaluating investment performance and underwriting real estate investments. In this role, there will be tremendous learning and growth opportunities with exposure to leading experts in the real estate investment industry.

The significant exposure to senior leadership requires a high degree of professionalism and work ownership.

• Conduct monthly and quarterly valuations of real estate investments across the United States, including conducting DCF/sale comparable/cost analyses, appraisal review, reporting, etc.
• Review and track business plans, leasing activity and monthly property operating performance for valuations purposes
• Prepare quarterly investment-level tear sheets summarizing key valuation metrics, property-level performance indicators, and material assumption changes period over period
• Prepare periodic unlevered cash flow projections for reporting purposes using ARGUS Enterprise and Excel
• Coordinate with third-party appraisal management providers on appraisal scheduling, scope, and information flow; reconcile appraisal conclusions to internal valuations and document variances
• Support client external audit cycles and internal SOX testing by responding to auditor inquiries, preparing supporting documentation, and providing market support as requested
• Maintain valuation templates and supporting work papers, ensuring data integrity, version control, and clear audit trails across the quarterly cycle
• Serve as the day-to-day point of contact for assigned client deal teams, managing inbound information requests and proactively communicating timelines, deliverables, and open items
• Assist in implementing enhancements and improvements to the firm’s valuations and reporting processes, procedures, and use of technology
• Perform additional ad-hoc analysis as needed

• A minimum of 5 years’ relevant experience in real estate valuations, consulting, portfolio management or audit/accounting. Real estate valuation specialist experience in a Big 4 or similar firm setting (rather than general audit staff) is strongly preferred.
• Experience with property underwriting and advanced financial modeling.
• Highly proficient in Microsoft Office Suite and ARGUS Enterprise.

• Bachelor’s degree in finance, real estate, accounting or other related fields required
• Possession of, or progress toward, real estate industry certifications and licenses, e.g., MAI, CCIM, certified general real estate appraiser, broker, CPA, etc., is strongly preferred

• Job Knowledge & Technical Ability: Strong analytical skills and detail-oriented. Ability to read and analyze investment underwriting. Eager to learn, with proven ability to initiate ideas and implement new processes. Ability to grasp new concepts quickly and work with limited direct guidance.
• Initiative & Dependability: Ability to perform responsibilities independently and proactively, solve problems, and improve processes and/or services. Self-directed, takes initiative and responsibility, ensures completion of tasks.
• Communication: Excellent verbal and written communication skills; strong listening and interpersonal skills. Highly…