Senior Appraisal & Environmental Officer

Primary Accountabilities

• Performs appraisals and evaluations on commercial collateral property below appraisal requirement thresholds and for Special Assets Department impairment valuation purposes, when appropriate.
• Reviews appraisal and valuation reports in conformance with FIRREA, Guidelines, and Bank’s appraisal policies and guidelines.
• Performs quarterly market evaluation report for real estate-related trends using third-party reports and resources.
• Conducts site visits for construction loans, when appropriate.
• Reviews environmental reports or outsources reviews to third-party vendors, when appropriate.
• Owns the vendor management process and handles outsourcing needs for appraisals, valuations, review activities, environmental reports and reviews, and environmental risk rating process, ensuring appropriate Scope of Work, consistency, compliance with requirements, and timely delivery.
• Works closely with loan officers, underwriters, credit administrators, and Special Assets Department on determining valuation methodologies, trends, sales data, etc., to facilitate loan decisions and support credit risk management and expected credit loss analyses.
• Serve as the administrator for Environmental Data Resources (EDR) and processor of Environmental Risk Ratings (ERR) requests.
• Maintain internal and external transaction tracking to accurately monitor the status of reports, and appraiser and AMC vendor performance against service standards.
• Maintain positive and professional working relationships with Bank personnel and outside vendors, and interact regularly with the appraisal community.
• Maintain a working knowledge of banking regulations, interagency guidelines, and appraisal institute requirements that affect the appraisal and valuation function.
• Timely follow and evaluate industry and regulatory changes that impact the Bank and communicate those changes bank-wide.
• Review and update annually the Bank’s appraisal policy, procedures, and guidelines consistent with regulations for approval by the Board Risk Committee.
• Review and update annually the recommendation of appraisers and maintain the approved appraiser panel for both commercial and residential appraisals for approval by the Board Risk Committee.
• Establish effective controls to monitor and periodically assess the collateral valuation functions by appraisers and third-party vendors.
• Provide training for appropriate Bank staff to remain current and informed on relevant issues.
• Responsible for maintaining licenses and certifications with continuous education.

Minimum Qualifications

• Education: Bachelor’s Degree from an accredited 4-year university in business administration or related field, or equivalent work experience required.
• Certification from the appropriate state regulatory body whose appraiser certification program has not been disapproved by the Appraisal Subcommittee of the Federal Financial Institutions Examination Council (FFIEC), or a master’s degree in business administration preferred.
• Experience: 10+ years of experience in valuing commercial and residential real estate, including a minimum of 5 years of experience in the Hawaii market required.
• Strong experience in process management and process improvement required.
• Licenses/Certifications: Hawaii Certified General Appraiser (with MAI designation preferred) preferred. Hawaii Certified Residential Appraiser preferred.