Administrative Assistant AA-SK-18-05

Administrative Assistant

Headquartered in Saskatoon, Saskatchewan. Suncorp Valuations is a dynamic growth-oriented leader in the valuation industry, providing full service appraisal and valuation consulting services. Through offices in Canada and the U.S.A., we offer a range of valuation and costing services for land, buildings, machinery and equipment, and for intangible assets such as patents, copyrights and franchises.  Utilizing robust research methodologies, valuation consultants develop reports that provide an opinion of value for assessed property and other assets. Clients utilize reports for a variety of needs including regulatory compliance, financing, litigation support, mergers and acquisitions, purchase price allocation, insurance placement and claims settlement. Our risk management department assists clients by identifying and mitigating risks such as the potential for accidents, property damage and theft.  For further details please refer to our website at www.suncorpvaluations.com.

THE ROLE

Reporting to the Managing Director, this position is pivotal in sustaining business operations through internal and external client support activities in the Saskatoon office. The focus of the role is to support a group of appraisers, predominantly by completing file set ups and the compilation and delivery of client reports.

Additional responsibilities include general office administration, scanning, and providing support to other team members with the completion of appraisal reports. The role is fast paced, with a variety of responsibilities, and provides the opportunity to grow and expand within and beyond the role requirements.

THE IDEAL CANDIDATE

Along with the required credentials, you are friendly and enjoy communicating on the phone. You excel at time management, are able to balance conflicting priorities, problem solving, manage a high workload, and be a strong team player. You are naturally focused on providing high levels of client service and ensure accuracy of your work through inquiry and well-honed proofreading skills. You are able to work independently and communicate openly with business partners to ensure work is completed to required standards and within given timelines. You are flexible and adapt easily to new procedures. You enjoy finding efficiencies within systems and learning new skills. You are detail focused and comfortable performing work that requires high levels of accuracy in a high volume environment.

THE REQUIREMENTS

  • A certificate or diploma from a recognized administrative program or equivalent;
  • Two to three years office administrative or related experience;
  • Extensive experience using Microsoft Office Suite; expertise with Word and Excel;
  • Exceptional written and oral English language skills;
  • Proficient, accurate and fast keyboarding skills (60 wpm minimum);
  • Demonstrated ability to learn new software applications.

  THE ROLE COMPETENCIES: 

  • Provide high levels of internal and external customer service that aligns with our Brand Promise – On Time, Credible, Professional;
  • Strong team player who collaborates well with others;
  • High attention to detail;
  • Active listening, verbal and written communication skills;
  • Outstanding organizational and time management skills;
  • Able to multi task with constant interruptions;
  • Can work competently with minimum supervision;
  • Proactive, with a desire to drive results and exceed goals;
  • Determined and hardworking;
  • High personal and professional standards;
  • Effective problem solving.

We pride ourselves in offering flexible work arrangements that allow our employees to balance work and life commitments.

THE APPLICATION PROCESS: 

  • Send your resume and cover letter to HR@suncorpvaluations.com
·         Deadline: October 1, 2018

We thank all applicants for their interest in this position, however, only those selected for interviews will be contacted.

 

Apply Now

  • File types permitted for upload are: doc, docx, txt, rtf, pdf

Join Suncorp as we Celebrate 35 Years at RIMS Canada – Sept 23-26, 2018

Suncorp would like to extend an invitation to all in attendance to visit us at our booth as we celebrate our 35th year participating in the RIMS Canada conference. Find us at booth #145 along the South wall. See the complete exhibitor list here: http://events.rims.org/canada/2018/map_francais.cfm.

Suncorp RIMS Exhibitor Booth

The RIMS Canada Conference, St. John’s Newfoundland & Labrador – September 23rd – 26th, 2018.

Since its inception in 1950, and covering several transformations, branding and business evolution, RIMS has maintained steadfast to their commitment to keep pace with the evolving nature of risk management in business.

Throughout the 1970s, RIMS was instrumental in developing and defining risk management as a discipline, and the success of this undertaking, as well as the corresponding branding, was evident in the discipline’s growing numbers. The 1980s saw RIMS break new ground by asserting itself as the voice of the commercial risk manager and expanding its international influence by co-sponsoring the first International Risk Management Conference in Monte Carlo.

-https://www.rims.org/aboutRIMS/Pages/RIMSBrand.aspx

Many decades later, Suncorp is setting up for our 35th year in attendance and look forward to visiting with as many of you as possible.

2018 has been a fantastic year for Suncorp, with expansion and growth across North America, new strategic partnerships and a new online vision that has seen us reach increasing numbers of visitors to our website.

We look forward to seeing you in stunning St. John’s Newfoundland & Labrador!

St. John's Newfoundland - RIMS Conference 2018

How can we help you?

Appraisal Services

  • Insurance Placement
  • Financial Reporting
  • Financing
  • Mergers/Acquisitions
  • Dispute Resolution
  • Corporate Planning
  • Litigation
  • Post Loss Damage Qualification

Advisory Services

  • Loss Control Surveys
  • Implementation and Administration of Property Record Systems
  • Reserve Fund Studies

About Suncorp Valuations

Suncorp Valuations is a leading provider of independent valuation, appraisal, and advisory services. Suncorp’s valuations and appraisals have been relied upon by leading insurance companies, public and private companies, property owners and managers, tax authorities, accounting bodies, courts, municipalities and financial institutions from all over the world.

Our valuation and appraisal staff consist of professionals that are highly accredited in the fields of engineering, real estate and equipment appraisal, business valuation, risk management and loss control. Our multi-disciplinary, multi-regional and multilingual staff take an interactive team approach and have been involved in some of the most complex valuation assignments across the globe.

For questions or comments, please Contact Us.

Senior Valuation Consultant VC-ON/BC-18-04

Senior Valuation Consultant

Suncorp Valuations is a full service appraisal and valuation consulting firm. From offices in Canada and the U.S.A. we provide global valuation services for land, buildings, machinery and equipment, that is used for financing, litigation support, mergers and acquisitions, and insurance placement purposes. For more information on our services please visit our website at www.suncorpvaluations.com.

The Role.
The focus of work is on the development of valuation reports for industrial properties. This includes, but is not exclusive to banks, public and private companies, insurance companies, private equity groups and insurance brokers. Through site inspections, research, expert analysis and collaboration, you will develop a solid and defendable rationale for the final value assigned to a property. This requires the ability to develop, accurately prepare and present defendable conclusions of value, using the cost, market and income approaches to value.

The Ideal Candidate.
Along with the required credentials, you enjoy working with a group of professionals and excel at research and analysis. Although you are able to work independently, you enjoy leveraging the knowledge of coworkers to complete accurate assignments. You easily manage multiple projects and are naturally focussed on providing internal stakeholders and external clients with high levels of service. You enjoy a role that provides in-office work, client interaction and travel to perform on-site investigation of client assets.
On a personal note, you are interested in developing your career through participation in internal and external professional development and enjoy a role that provides a combination of office work and travel to client sites. Preference will be given to those that are a candidate member of the American Society of Appraisers.

The Requirements.
• University Degree or Diploma in a complementary discipline; Engineering, Physical Sciences, Finance, Economics, Construction, Architectural Technology or a related field.
• Appraiser designation or candidate member with a willingness to obtain an ASA designation.
• Minimum of 8-10 years of experience, preferably appraising machinery, equipment and/or buildings.
• Valid Driver’s License, clean driving abstract and access to safe, reliable transportation.
• Willingness to travel to client sites, including extended stays and international travel.
• Valid North American passport, or able to attain a passport.

The Competencies.
• Proactive, with a desire to drive results and exceed goals.
• Strong planning, organizational and time management skills.
• Solid computer skills, including advanced knowledge of Microsoft Office Suite.
• Able to work with complex spreadsheets.
• Excellent oral and written communication skills with acute attention to detail.
• Expert project planning skills with the ability to work on multiple tasks.
• Able to collaborate, share knowledge and leverage expertise as needed.
• Self-directed with the desire and ability to work independently.

The Application Process.
Please send your resume, quote the competition number and include your name before the deadline at:

Email: HR@suncorpvaluations.com

Deadline: August 22, 2018

We thank all applicants for their interest in this position, however, only those selected for interviews will be contacted.

 

Apply Now

  • File types permitted for upload are: doc, docx, txt, rtf, pdf

The Role of Tangible Asset Appraisals in the Valuation of a Business

In the past we’ve discussed the role that tangible asset appraisals can play in facilitating the placement of property insurance.  In addition to facilitating property insurance coverage, tangible asset (land, buildings, machinery and equipment) appraisals can be instrumental in supporting conclusions reached in the valuation of a business.

Tangible Assets for Valuation

Business valuation is the process of  estimating the fair market value (or some other premise of value) of a business interest, at a given point in time, in the absence of open market negotiations.  Business valuations are often required for various legal and business purposes such estate planning, financial reporting, establishing a purchase price, settling a dispute or allocating the purchase price of a business across its various assets.

Two Approaches to Business Valuation

Generally speaking there are two approaches used in the valuation of a business:  A liquidation approach or a going concern approach.  The approach that is selected is the one that will yield the highest return to the owners of the business at the valuation date.

Tangible Asset Appraisals - featured

Businesses that do not generate an adequate return to its stakeholders are valued under a liquidation approach (orderly or forced).  In valuing these businesses, appraisals are often required to restate asset values from reported values to liquidation values, which estimate the gross proceeds expected from their sale in  the open market inclusive of taxes and commissions.  Under a liquidation methodology it is assumed that assets are sold on a piecemeal basis and their value is based on exchange value rather than value in use.

Businesses that generate an adequate return to investors are generally valued by estimating the present value of the prospective cash flows that are expected to accrue to their owners.  These estimates are developed by utilizing capitalization and discounted cash flow methodologies that are supplemented by alternative “test” methodologies, that include multiples of revenue, multiples of EBITDA (earnings before interest, taxes, depreciation and amortization) or industry rules of thumb.

While the value determined under a going concern approach is primarily a function of prospective cash flows rather than asset values, asset valuations are often relied upon to help business valuators establish the tangible asset backing of the business.  In the business valuation process, balance sheet assets (and liabilities) are often restated to their respective market values so that the valuator can allocate the value of the business to its tangible (working capital, capital assets) and intangible (goodwill and other intangible assets) components.  This allows the valuator to evaluate the reasonableness of the fair market value conclusion.  It also helps the valuator assess the going concern risk as he or she can quantify the portion of the enterprise value that is backed by tangible assets.

In addition, appraised values are often relied upon by secured lenders so they can help a valuator estimate a  capital structure (mix of debt to equity) that is appropriate to finance the business.   Appraisals can also assist a business valuator in estimating levels of capital re-investment required by a business to sustain its property, plant and equipment.

Under the assumption that a business is a going concern assets are typically appraised on basis of their value in use (vs. value in exchange) inclusive of the installation and assemblage costs required to make the property operational.

How can we help you?

Appraisal Services

  • Insurance Placement
  • Financial Reporting
  • Financing
  • Mergers/Acquisitions
  • Dispute Resolution
  • Corporate Planning
  • Litigation
  • Post Loss Damage Qualification

Advisory Services

  • Loss Control Surveys
  • Implementation and Administration of Property Record Systems
  • Reserve Fund Studies

About Suncorp Valuations

Suncorp Valuations is a leading provider of independent valuation, appraisal, and advisory services. Suncorp’s valuations and appraisals have been relied upon by leading insurance companies, public and private companies, property owners and managers, tax authorities, accounting bodies, courts, municipalities and financial institutions from all over the world.

Our valuation and appraisal staff consist of professionals that are highly accredited in the fields of engineering, real estate and equipment appraisal, business valuation, risk management and loss control. Our multi-disciplinary, multi-regional and multilingual staff take an interactive team approach and have been involved in some of the most complex valuation assignments across the globe.

For questions or comments, please Contact Us.

Appraiser Field Stories – How Your Valuation Experts Can Help You!

Appraiser_Valuation_Expert_Story

Appraiser Valuation Expert Story #1: Significant Tax Savings

We were engaged by a US based pharmaceutical company to develop a “floor to book” inventory and reconciliation of their major assets for IFRS accounting implementation, which is a straight forward assignment. As the assignment progressed, we determined that many of the assets in the ledger were ghost assets. You saw the asset but they did not really exist. The pharmaceutical company purchased a turnkey production line 20 years prior for approximately 15 million dollars. Over the subsequent years, they slowly upgraded or changed just about every component of the production line to the point that none of the original components remained.

Our analysis showed the auditors that the even though the production line was still in existence, it’s components were not from the original production line from 20 years ago. It was actually made up of numerous entries for components and upgrades in the fixed asset ledger. Since our client was paying capital taxes on the original cost, the retirement of the original production line coupled with all other unrecorded retirements resulted in significant tax savings for that fiscal year as well as all of the following year. Our fee for this assignment was a small fraction of the savings from year 1 alone.

Appraiser Valuation Expert Story #2: Avoiding Legal Issues

We were engaged by a mid-sized oil well services firm to do a Market Value appraisal of a small light industrial property they wanted to purchase. This was to be a private all cash deal. Our client wanted the appraisal for internal purposes only to confirm to the company’s investors and auditors that the acquisition price was fair. The property was a newer light industrial building on 10 acres of land in a rural setting approximately 5 Kilometers outside a small city with a population about 15,000. The building included three bays plus a wash bay, an office block, and living quarters above the office block. We found the building and grounds to be reasonably well kept and cared for.

During our research we noted that the zoning designation was Agricultural and not Industrial, which we thought was odd. Perhaps the municipality made a mistake and did not record the re-zoning to allow the industrial use? As per a professional appraisers usual routine we decided to check by calling the Municipal Planner to inquire. The response was “That’s odd you should ask about that property. We just found out last week they put up an industrial building without a permit or a re-zoning application. The county’s lawyers are currently preparing the 90-day demolition order and will be issuing it this week.”

We advised our client that the current use of the property is non-conforming and requested instructions on if they would like us to complete the appraisal based on the property being 10 acres of undeveloped land. The client requested that work on the appraisal cease and for us to bill them for time spent. Needless to say, the client was quite pleased to have avoided proceeding with the purchase which would have inevitably lead to an expensive legal tussle.

Appraiser Valuation Expert Story #3: Property Tax Decrease

We were engaged by a bank to do a routine Market Value appraisal on a residential property. The current owner had resided in the house for many years and was refinancing their mortgage. The house was an average quality 1990’s bungalow. As is our usual routine, we obtained and reviewed numerous documents in advance of the inspection such as a title search, assessment records, subdivision plans, etc. During the inspection of the property, we measured the house, which, again, is part of our usual routine. We immediately spotted a significant error on the assessment sheets. The property was being taxed on the basis that the house measured 36ft x 48ft (1,728sf) when in fact it actually measured 32ft x 42ft (1,344sf).

Although an assessment audit was outside the scope of the assignment, we gave the property owner a copy of the assessment records and pointed out the error. We advised her to speak to her municipality and ask them to correct the error which should result in a lower property tax bill. A few weeks later the property owner phoned call our appraiser. She advised that the municipality corrected the error which resulted in her property tax bill dropping by about $600/year. Furthermore, the municipality chose to refund her the previous four years of over-assessment. She had just that day received a cheque in the mail for about $2,400 and wanted to call to thank us for the extra effort.

Appraiser Valuation Expert Story #4: Double The Rental Income

We were engaged by a landlord to assist with a land lease renewal. The land was being used by the tenant as a site for a commercial greenhouse operation. The lease was for the land only, and was a long-term lease with periodic rent adjustments. Our job was to estimate the current Market Rent of the land to assist the parties with the lease renewal negotiations.

Our first step for these types of engagements is to read the lease. We noted that the lease did not state the exact area or boundaries of the land parcel. This was odd because leases typically, and ideally, include a very exact description of what is being leased. Instead, this lease had a general reference to “…..approximately 3 acres at the north east corner of the larger parcel…” During the site inspection, we noted that the tenant had fenced the area they were using. Based on our ground observations and using Google Earth measuring tools we suspected the tenant may be using a lot more than three acres. We spoke to the client and advised her that before we continue with our work she should engage a surveyor. As it turned out, the tenant was using five acres.

We completed the Market Rent estimate based on five acres of land. We also established that the current rental rate was significantly below market levels. Our report recommended a significant increase in the rental rate, and that the new rate be applied to the entire five acre parcel that the tenant was occupying. Our client then entered lease renewal negotiations armed with the report and the survey. After a rather short negotiation, the tenant completely accepted the recommended increase, which effectively almost doubled the amount of rent payable to our client.

Appraiser Valuation Expert Story #5: Hyperinflation Accounting

We were engaged to estimate the replacement costs of the municipal assets of mid-size City for insurance coverage purposes. One of the locations was a large apartment complex, which was a basic four story, wood frame/vinyl clad building. When we first ran the numbers for the building, it became very apparent that the costs being generated were nowhere near what our independent research was showing for local construction costs. As per a professional appraisers regular routine we surveyed local developers and contractors to determine actual local construction costs. Based on the research we established that costs in this City where approximately double that of the closest metropolitan City. We therefore incorporated the market data into our analysis to establish an accurate replacement cost.

Following completion of the report, we knew that this mid-size City was experiencing “hyperinflation” and as an added service to our clients, we updated the costs on all their properties on a quarterly basis. This proved to be an incredibly valuable exercise as approximately three years later this particular building was destroyed by fire. Our original estimated cost of the building came in around the $10 million mark. However, with our quarterly updates over the few short years the building was currently insured for over $27 million. When the claim was settled the total loss came in around the $26 million figure saving our client significant co-insurance penalties.

About Suncorp Valuations

Suncorp Valuations is a leading provider of independent valuation, appraisal, and advisory services. Suncorp’s valuations and appraisals have been relied upon by leading insurance companies, public and private companies, property owners and managers, tax authorities, accounting bodies, courts, municipalities and financial institutions from all over the world.

Our valuation and appraisal staff consist of professionals that are highly accredited in the fields of engineering, real estate and equipment appraisal, business valuation, risk management and loss control. Our multi-disciplinary, multi-regional and multilingual staff take an interactive team approach and have been involved in some of the most complex valuation assignments across the globe.

For questions or comments, please Contact Us.

How can we help you?

Appraisal Services

  • Insurance Placement
  • Financial Reporting
  • Financing
  • Mergers/Acquisitions
  • Dispute Resolution
  • Corporate Planning
  • Litigation
  • Post Loss Damage Qualification

Advisory Services

  • Loss Control Surveys
  • Implementation and Administration of Property Record Systems
  • Reserve Fund Studies

Cannabis legalization, will it impact Real Estate

With many North American jurisdictions legalizing cannabis, we see inquiries from our clients as to what will be the impact of legalization on Real Estate. Will it affect the rents that can be charged on property? Will it affect the value of residential homes? What if you don’t want a cannabis retailer in your building, what options do you have? As an investor, are there opportunities in Real Estate given these changes? The predominant answer at this time is “only time will tell”.

Effect of cannabis legalization on real estate

What’s Happening with Real Estate in Colorado?

Given that the legalization is federal legislation with provincial regulations coming, we have no basis of comparison in Canada. The closest example we can reference is select States in the US that have moved to legalization in recent years and the information from their Real Estate Markets is still relatively fresh. Economists in the US have studied the impact that legalization had in Colorado (January 2014) relative to residential Real Estate. The results paint an interesting picture of higher than average increases in residential home values in areas near cannabis retailers, however, the exact reasoning is hard to quantify given the vast number of market dynamics in play and the limited window of time to analyze.

What we do know at this time is that many areas across North America are looking at or moving to legalization. As per the Colorado experience this means there will be real estate demand brought on by industry players such as wholesalers, retailers and home growers. We know that wholesalers and retailers will have a demand for space.

Owning Property in the Proximity of Cannabis Retailers

Property owners who choose to participate in the industry at some level will be tested as there will be unique regulations and limitations around all aspects of the space, including considerations for location, zoning, security, etc. We would also suggest that significant “fit-out” to these spaces may be required to make spaces both compliant for use in addition to being functional and inviting. There may be opportunities for property owners to capitalize if their properties meet the requirements for use by cannabis retailers as the level of investment required by the tenant might give assurances of longevity with relocation being expensive to tenants. Even more likely is that these retailers and wholesalers will want to own spaces versus rent given the anticipated investment to have the space meet requirements, which might mean owners of Real Estate in highly desired areas, could see motivated parties knocking.

Change is Coming. Property owners can profit taking the high road

Those who know the local regulations combined with some opportune luck in having a property that meets the requirements will have an advantage in capitalizing. Whether you stand for or against the legalization, change is coming and there will be those in the Real Estate investment sphere who are “high” on making the most out of the new rules.

Does this subject interest you? For more information, contact Devin Baker, B.Comm., Manager, Business Development at Devin.Baker@suncorpvaluations.com

About Suncorp Valuations

Suncorp Valuations is a leading provider of independent valuation, appraisal, and advisory services. Suncorp’s valuations and appraisals have been relied upon by leading insurance companies, public and private companies, property owners and managers, tax authorities, accounting bodies, courts, municipalities and financial institutions from all over the world.

Our valuation and appraisal staff consist of professionals that are highly accredited in the fields of engineering, real estate and equipment appraisal, business valuation, risk management and loss control. Our multi-disciplinary, multi-regional and multilingual staff take an interactive team approach and have been involved in some of the most complex valuation assignments across the globe.

For questions or comments, please Contact Us.

How can we help you?

Appraisal Services

  • Insurance Placement
  • Financial Reporting
  • Financing
  • Mergers/Acquisitions
  • Dispute Resolution
  • Corporate Planning
  • Litigation
  • Post Loss Damage Qualification

Advisory Services

  • Loss Control Surveys
  • Implementation and Administration of Property Record Systems
  • Reserve Fund Studies