National Valuation Lead

Type: Temporary

Date Posted: 27-Mar-23

Closing Date: 10-Apr-23

Location: Southampton

Salary: £53,040 per year

National Valuation Lead

The Valuation Office Agency (VOA) are the public sector’s property valuation experts and advisers. Our roles offer an exciting opportunity to join us and use your surveying expertise to contribute towards delivering vital public services.We’re one of the largest employers of Chartered Valuation Surveyors in the UK and offer a great benefits package including an enviable flexible working policy meaning you have a real opportunity to make the role work for you. A vacancy for a National Valuation Lead has arisen in the Utilities Transport and Telecommunications (UTT) team working specifically in the Utilities sector within the National Valuation Unit (NVU).NVU is responsible for the valuation of some of the most highly specialised and complex properties predominantly for Rating purposes. NVU also provides technical and legal advice to all work streams in the VOA network as well as taking the lead in complex litigation matters.
The role of National Valuation Lead within the UTT team is a unique role at the forefront of valuation expertise. The successful candidate will oversee and directly contribute to the valuation of multimillion pound properties using a variety of valuation methods, but, with a particular focus on the receipts and expenditure approach.The Utilities sector includes properties that cover gas, electricity, and water networks along with transport networks such as Network Rail, the London Underground and the Channel Tunnel. This is a highly complex and contentious area with a high-risk profile. The total Rateable Value for these classes within the UTT team is around £5bn.Due to this, the role holder will need to obtain a detailed understanding of the market including a good understanding of economic regulation in these industries. Undertaking the receipts and expenditure valuations will require the ability to interpret both regulatory information and accounts data. The post holder will need the ability to translate the information into rating hypotheses to ensure they arrive at appropriate ratable values. The successful candidate will also work alongside consultants who will provide advice on your instruction on certain aspects of the market, including the rate of return that should be adopted. The National Valuation Lead will need to understand the wider economic and commercial environment and have a good appreciation of legislation, case law and codes of practice.