Manager, Valuations

About Allied

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Our work is grounded in a clear purpose: to provide knowledge-based organizations with distinctive urban environments that support creativity, connectivity and human wellness.

Our vision is more expansive. We seek to make a continuous contribution to cities and culture that elevates and inspires the humanity in all of us. This vision informs how we operate, how we design and how we lead.

Real estate, for us, is not a passive investment. It is a profoundly human endeavour, one that must promote wellness, sustainability, diversity and creativity—today and for generations to come.

Allied is also a place to build a career of consequence. If you are looking for work that is thoughtful, tangible and enduring—work that contributes meaningfully to cities and the people who inhabit them—you will find purpose here.

For more information on Allied’s approach to city-building, visit our Insights page.

Purpose

Drive valuation excellence, portfolio insight, and financial performance across Allied’s national platform through rigorous analysis, process leadership, and strong stakeholder collaboration. As Manager, Valuations will play a key role in the internal valuation of the Company’s investment property portfolio. Reporting to the Senior Manager, Valuations, the Manager will perform and review property-level valuations, manage assigned aspects of the quarterly valuation process, review the work of the junior resource, and support management in establishing well-supported fair value conclusions.

This is a hands-on technical position. The successful candidate must be capable of independently building and reviewing ARGUS Enterprise models, completing complex DCF analyses, valuing development properties and land, assessing market evidence, and explaining and defending valuation conclusions. The role will also support financial reporting under IAS 40 and IFRS 13 and interactions with external appraisers and auditors.

Responsibilities

Valuation Execution and Technical Analysis

• Independently prepare and review valuations of income-producing investment properties, development land and properties under development using DCF, direct comparison and other appropriate methodologies.
• Develop and critically assess assumptions used in the valuation of income-producing investment properties.
• Evaluate highest and best use considerations for development properties and land where applicable.
• Analyze market transactions and other external evidence supporting capitalization rates, discount rates and major valuation assumptions.
• Perform and review valuation sensitivity analyses.

Review and Team Management

• Provide detailed review and constructive challenge of valuations prepared by the junior resource.
• Ensure calculations, assumptions, market evidence and conclusions are internally consistent and appropriately documented.
• Coach and develop junior resource’s technical valuation, ARGUS Enterprise, market research and financial modelling capabilities.
• Allocate property-level responsibilities, establish review timelines and monitor completion against quarterly reporting deadlines.
• Escalate material valuation matters, control exceptions or unsupported assumptions to the Senior Manager, Valuations.

Quarterly Valuation Process and Governance

• Assess property-level changes in leasing, capital expenditures, development costs, operating performance and market conditions.
• Review and explain material quarter-over-quarter fair value movements, identifying the principal property-specific and market drivers.
• For properties externally valued, review and reconcile internal valuation conclusions against external appraisals, investigate and explain variances in values and underlying assumptions, document the rationale for the concluded fair values, and escalate material or unresolved differences to the Senior Manager, Valuations.
• Assist the Senior Manager, Valuations in preparing quarterly materials for senior management and the Valuation Committee.
• Support responses to external auditor and external appraiser questions and track the resolution of review comments.

Financial Reporting

• Apply practical knowledge of IAS 40 and IFRS 13 in determining and documenting investment property fair values.
• Work with Finance and Accounting to ensure valuation assumptions and conclusions are appropriately reflected in financial reporting.
• Support valuation-related financial statement disclosures and management reporting as required.

Qualifications

Must have:

• Bachelor's degree in real estate, Finance, Accounting, Economics, Commerce or a related discipline.
• Approximately 5 to 8 years of progressively responsible commercial real estate valuation experience.
• Strong preference for an AACI designated member, or an advanced-stage AIC Candidate actively progressing toward AACI.
• Advanced hands-on ARGUS Enterprise and DCF experience; advanced Excel modelling; development land or development property valuation experience; detailed understanding of commercial leases, and recoveries.
• Working knowledge of IAS 40, IFRS 13 and market-participant fair value concepts.

Core Competencies:

• Strong independent valuation judgment and willingness to challenge unsupported assumptions.
• Ability to explain and defend valuation conclusions in clear, practical language.
• High attention to detail and disciplined documentation.
• Effective collaboration with Finance, Leasing, Development, Investments, external appraisers and auditors.

Total Rewards* and the Employee Experience

At Allied, total rewards are designed with the same perspective that shapes our operations. They are intended to support sustained contribution, creativity and a genuine sense of ownership in the work we do.

In practice, this includes:

Shared financial success and an ownership mindset
Eligible employees participate in performance-based bonus programs and a retirement savings program, with the option to invest in traditional funds or Allied units. This approach aligns individual effort with Allied’s long-term performance and reinforces a sense of ownership at every level of the organization.

Intentional presence and time off
In addition to vacation, employees receive six personal days and half-days before statutory holidays. Allied supports flexibility while maintaining a strong, in-person culture. This reflects how we collaborate most effectively and how we operate as a business.

Health, wellbeing and support
Comprehensive, company-paid health benefits include vision and dental coverage, along with a healthcare spending account. An employee assistance program is available to provide confidential support when it is needed.

Growth through leadership and exposure
Allied believes in leadership at every level. Employees are encouraged to contribute beyond the boundaries of their role, collaborate across disciplines and develop a broad understanding of the business. For those drawn to real estate, this includes uncommon exposure to how buildings, organizations and cities evolve through hands-on experience and shared responsibility.

Professional development grounded in practice
Learning at Allied is both formal and experiential. Ongoing professional development and a mentorship program support growth through structured learning and day-to-day engagement with experienced colleagues across the organization.

Purpose and connection beyond work
Each year, employees are provided with a paid volunteer day to contribute time and effort to a cause that is personally meaningful to them, reflecting our belief that contribution extends beyond the workplace.

If you are motivated by the role real estate plays in shaping cities and culture, and want your work to contribute to that effort, we encourage you to apply.

More insight into life at Allied, including our ESG and EDI initiatives, can be found in our annual ESG report.

*Temporary or contract roles may not qualify for all the benefits listed, and some roles may follow a modified total rewards structure. We will confirm what benefits you qualify for during the recruitment process.

Additional Information

We value human connection and experience. While Allied uses technology, including AI-enabled tools, to support administrative efficiency, all screening, assessment and hiring decisions are made by people.

We are committed to hiring the most qualified candidates with a dedication towards supporting diversity, equity and inclusion across our organization. All qualified applicants will receive consideration for employment without regard to gender, ethnicity, origin, sexual orientation, disability and socioeconomic background. Diverse perspectives strengthen our organization and help us deliver better outcomes for our tenants, partners and communities. All qualified candidates are encouraged to apply.

We strive to provide an accessible recruitment experience and welcome reasonable accommodation requests at any stage of the recruitment process. Please reach out to [email protected] if support is needed.

We look forward to receiving your application.