Intern - Real Estate Valuation
Job ID
67192
Posted
17-May-2022
Areas of Interest
Interns/Graduate/Apprentice, Valuations/Appraisal
Location(s)
Riyadh - Ar Riyad - Saudi Arabia
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2020 revenues) with more than 100,000 employees (excluding affiliates). CBRE has been included in the Fortune 500 since 2008, ranking #128 in 2021. It also has been voted the industry’s top brand by the Lipsey Company for 20 consecutive years and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for nine years in a row.

The company serves real estate investors and occupiers through approximately 530+ offices worldwide (excluding affiliates). CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

We are currently seeking interns to join our Valuation team. Working under direct supervision of experienced managers, you will participate in the valuation of real estate assets by conducting research, performing data analysis and preparing reports and presentations. The internship will be for a period of 6 months and will be based in Riyadh.


Key Tasks
  • Becomes familiar with the CBRE business, operations, culture, department relationships and client pool through sales, marketing and operations functions in support of unit objectives.
  • Receives on-the-job and technical training from manager and experienced co-workers.
  • Completes project-based assignments to gain business knowledge and technical skills. Develops problem solving, project management, relationship management, analytical skills and supports senior level staff in pursuing potential clients.
  • Supports sales professionals and business team in preparation of market materials, client presentations and other reports.
  • Follows guidelines and carries out instructions from the manager, working as part of a cohesive team to identify and cultivate new business opportunities through cold calling and networking.
  • Compiles property data for clients, such as tenant surveys, summary reports, maps, status updates and presentations for listing or tenant representative assignments.
  • Gathers and coordinates materials necessary for transactions such as listing agreements, commission agreements, leases, and sales agreements.
  • Maintains accurate and up-to-date information on tenants, market availability, and leases in company databases.
  • Attends training programs as required to address identified gaps in or learning or to develop an understanding of the real estate consultancy business. Demonstrates understanding through application to project work on an ongoing basis.
  • Completes periodic and summary reports of projects and accomplishments in training.
  • Performs other duties as required.

Communication Skills
  • Excellent written and verbal communication skills.
  • Strong organisational and analytical skills.
  • Ability to provide efficient, timely, reliable and courteous service to customers.
  • Ability to effectively present information.

Financial Knowledge
  • Requires knowledge of financial terms and principles.
  • Ability to calculate intermediate figures such as percentages, discounts, and/or commissions.
  • Conducts basic financial analysis.

Reasoning Ability
  • Ability to understand and carry out general instructions in standard situations.
  • Ability to solve problems in standard situations.
  • Requires intermediate analytical and quantitative skills.

Other Skills and Abilities
  • Intermediate Microsoft Office Suite, particularly Excel and PowerPoint, and Internet research skills.

Commitment to Values
Demonstrated ability to adhere to an organisational set of core values and act in line with those values. Our CBRE R.I.S.E. values:
  • RESPECT – Treat everyone with dignity, value their contributions, and help one another succeed.
  • INTEGRITY – Uphold the highest ethical standards in our business practices.
  • SERVICE – Dedicate ourselves to making a meaningful impact with our clients and in our communities.
  • EXCELLENCE – Aspire to be the best in everything we do and drive for continuous improvement.

Supervisory Responsibility
  • No formal supervisory responsibilities in this position.

Scope of Responsibility
  • Decisions made with general understanding of procedures and company policies to achieve set results and deadlines.
  • Develops and applies practical working skills essential to career development in the real estate advisory industry.
  • Errors in judgment may cause short-term impact to co-workers and supervisor.


Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and Experience
Final year students in undergraduate study or graduates with less than two years’ experience. Major field of study in Real Estate, Finance, Economics, Management Quantity Survey, Business Administration, Construction Management, Project Management or other related disciplines.

Certificates and/or Licenses
None

Languages
Fluency in English, verbal and written. Arabic and other languages are advantageous.

Professional Certification/Licenses
Saudi Driver’s license (preferred)