Job Description

Job Description

Job Description

POSITION PURPOSE

Responsible for risk-based job management and review of appraisals ordered for the Bank for compliance with FIRREA, using the Interagency Appraisal and Evaluation Guidelines, and the Uniform Standards of Professional Appraisal Practice.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

1. Collaborates and liaisons with loan officers regarding assignment scope and preliminary valuation concerns.
2. Risk-focused job management (engaging, monitoring, and reviewing) of commercial appraisals including conformance with USPAP, appraisal regulations, and bank requirements for all property types.
3. Adjusts review standards based on complexity of transaction, real property type and the property market location.
4. Identifies appraisal deficiencies and recommends resolutions.
5. Maintains a general knowledge of lending policies and an in-depth knowledge of appraisals, bank appraisal regulations, and USPAP.
6. Evaluates and assists preparation of departmental audits and other department projects as needed.
7. Communicates and liaisons with appraisal vendors regarding assignments, regulations, and bank requirements.
8. Reports to Commercial Appraisal Manager.
9. Miscellaneous duties as assigned.

QUALIFICATIONS

EDUCATION/CERTIFICATION: Texas Certified General license required. SRA, MAI or AI-GRS Credential preferred.

Four year degree preferred.

REQUIRED KNOWLEDGE: Comprehensive knowledge of USPAP and Federal Regulations and Guidelines with respect to the appraisal of Commercial real estate. Microsoft Word and Excel skills. Prefer knowledge of and previous experience with RIMS software.

EXPERIENCE REQUIRED: Prefer minimum five (5) years prior experience engaging and reviewing real property valuations (Commercial properties) .

Prefer minimum ten (10) years prior experience preparing real property valuations (Commercial properties).

Prefer previous experience in a financial institution.

SKILLS/ABILITIES: Ability to review commercial real estate appraisals to identify banking and USPAP violations, as well as appraiser’s errors in methodology or logic.

Strong analytical skills and ability to make objective decisions based on logic, data, and analysis within restricted time frames.

Strong written and verbal communication skills.

Ability to communicate complex issues/concepts in concise and straightforward manner.

Ability to build/maintain key departmental, interdepartmental and vendor relationships.

Strong organizational skills and capable of multi-tasking multiple projects simultaneously.

Customer service orientation.

Function in a team environment.

Hybrid office flexibility.

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