Commercial Appraisal Valuation Officer / Licensed

About the role

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We are seeking a Licensed Commercial Appraisal Review Officer to review commercial real estate appraisals and produce restricted appraisals (internal evaluations). This position requires knowledge of the Interagency Appraisal and Evaluation Guidelines (IAEG), USPAP, and ONB Guidelines and Procedures, as well as general real estate industry knowledge across various commercial property classes. The role is self-directed, goal-oriented, and requires independent decision-making in a fast-paced environment. Your office can be anywhere throughout our footprint in the Midwest.

We require candidates who possess certified general appraisal licenses in IL, IN, WI, MI, MN, KY, ND, and TN. The MAI designation is preferred.

Responsibilities

• Review commercial appraisal reports in compliance with USPAP Standards 3 and 4, recognizing appropriate appraisal methodology and techniques.
• Opine on the completeness, accuracy, adequacy, relevance, and reasonableness of appraisals.
• Understand industry nuances between property types and knowledge across asset classes.
• Complete internal evaluations (restricted appraisal reports) in compliance with USPAP Standards 1 and 2.
• Review and analyze documentation relevant to the appraisal process, including leases, operating history, contracts, easements, and surveys.
• Recognize and apply appropriate appraisal methodology and techniques.
• Consult with internal clients on real estate appraisal methodology and techniques.
• Provide guidance related to IAEGs, USPAP, and ONB Guidelines and Procedures.
• Operate independently with limited oversight, solving problems using independent judgment and discretion.
• Provide clear and concise communications to vendors and internal clients.
• Maintain appropriate real estate licensure within ONB’s traditional footprint.
• Enhance knowledge through continuing education, particularly on relevant and emerging real estate topics.
• Pursue educational opportunities as part of a professional development plan.

Key Competencies

• Communication: Effectively shares information and ideas with individuals and groups; displays self-awareness and self-management; tailors delivery to the audience and selects suitable delivery methods.
• Technical Knowledge: Possesses required real estate knowledge, industry standards, and understanding of property rights and their impact on the valuation process; stays updated on trends and best practices.
• Problem Solving/Decision Making: Independently identifies issues and gathers relevant information from multiple sources to make sound decisions; anticipates consequences and creates contingency plans.
• Drive and Execution: Committed to achieving and exceeding goals, overcoming obstacles, and continuously improving performance.
• Client Leadership: Puts the client at the forefront, builds and maintains long-term relationships, and uses client insights to shape behaviors and actions.

Requirements

• Active Certified General Appraisal License.
• Five years of overall experience in commercial/residential real estate appraisal work.
• Bachelor’s degree in business, finance, or a related discipline, or equivalent demonstrated work experience.
• Certified general appraisal licenses in IL, IN, WI, MI, MN, KY, ND, and TN.

Master’s degree in a real estate-related discipline or a professional real estate designation (e.g., MAI) is preferred.

Benefits

• Competitive salary and incentive program.
• Medical, dental, and vision insurance.
• 401K retirement plan.
• Continuing education opportunities.
• Employee assistance program.
• Impact Network Groups led by team members to drive engagement, awareness of diverse backgrounds, and inclusion.

Pay

The annual salary range for this position is $80,000–$165,100 plus an incentive bonus. Actual salary offers may vary based on factors such as responsibilities, skills, experience, education, and geographic location. The position may be filled at a Senior level, depending on the candidate’s qualifications.