Senior Appraisal Review Officer

About the role

We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written!

Responsibilities

• Perform reviews of appraisal and evaluation reports for all property types and value levels to ensure that market values developed for financially related transactions are reasonably supported, credible and compliant with federal and state regulations, USPAP, FIRREA, bank appraisal policies/procedures, and industry standards.
• Manage the valuation process effectively from end to end, including engagement and communication with vendors to ensure timely delivery of the report; as well as, to resolve discrepancies and obtain revisions as needed, and acting as liaison for all communication between vendors and the bank.
• Provide superior service to the bank’s Customers, Commercial business line partners, Senior and Executive Officers.
• Provide direct support for both commercial and residential property appraisal reviews; as well as reviews of third-party environmental assessments.
• Responsible for liaison work between vendors and the bank.
• Provides recommendations for bank and departmental guidelines that follow USPAP, Interagency Guidelines and Credit Policy.
• Aids in the development and implementation of departmental procedures.
• Assists with drafting standards for Credit Policy relative to appraisals as required per Inter Agency Guidelines.
• Assist and train other team members and provide support in the review process.

Requirements

• General (commercial) appraisal certification.
• Bachelor’s degree (B.A.); or equivalent combination of education and experience.
• Ten years’ experience with commercial property appraisal, commercial property appraisal review, commercial collateral underwriting, and/or commercial property analysis and market conditions.
• Professional Designation or advanced candidate for designation by an appraisal organization (AI, NAIFA, ASA, RICS, etc.).
• Appraisal or review experience with a variety of property types.
• Experience with complex and specialty property types is preferred (LIHTC, health care, hotel, special use, etc.).
• Read and communicate findings of Environmental Assessment reports to ensure adherence with bank environmental policies/procedures.
• Define problems, collect data, establish facts, and draw valid conclusions.
• Identify and elevate critical issues in a timely manner.
• Adapt to frequent policy/process changes.
• Learn quickly and independently.
• Compliance with support of bank’s strategic initiatives.

Preferred Knowledge and Skills

• Multi state active commercial licenses or willingness to obtain.
• Ten years field experience with complex commercial property types (LIHTC, Specialty use Investment CRE, Ag, HealthCare, …).
• Field experience with residential valuations.
• Experience with YouConnect/Glances (or another similar appraisal management platform).
• Leadership & Supervisory experience.
• Proficient with technology to investigate/implement enhancements to systems in use.
• Prior review experience or experience with a lending institution.
• Knowledge of federal regulatory requirements.
• Knowledge of Agency/Partnership requirements (FNMA, FHLMC, SBA, Farmer Mac, etc.).
• Proficient in technical writing to assist with development or update of department process/procedures and job aids, as well as ability to lead and present same to department.
• Level of Complexity and Scope: Manage the valuation process from end to end (from engagement through review) for the highest value and most complex properties.
• Performs independent analysis to provide own value indication, as warranted.
• Defines scope parameters and identifies appropriate vendors for engagement of valuation and environmental services.

Minimum Knowledge, Skills, and Abilities

• General (commercial) appraisal certification.
• Bachelor’s degree (B.A.); or equivalent combination of education and experience.
• Ten years’ experience with commercial property appraisal, commercial property appraisal review, commercial collateral underwriting, and/or commercial property analysis and market conditions.
• Professional Designation or advanced candidate for designation by an appraisal organization (AI, NAIFA, ASA, RICS, etc.).
• Appraisal or review experience with a variety of property types.
• Experience with complex and specialty property types is preferred (LIHTC, health care, hotel, special use, etc.).
• Read and communicate findings of Environmental Assessment reports to ensure adherence with bank environmental policies/procedures.
• Define problems, collect data, establish facts, and draw valid conclusions.
• Identify and elevate critical issues in a timely manner.
• Adapt to frequent policy/process changes.
• Learn quickly and independently.
• Compliance with support of bank’s strategic initiatives.

Pay Range

$100,000/year to $150,000/year

Benefits

We have relevant, thoughtful benefits and programs that support every aspect of our associates' holistic wellbeing. Please review our Benefits Guide.

Equal Opportunity Employer

We are an E-Verify Employer. At first financial bank, our mission is clear: to be the best bank to do business with, the best place to work, and the best financial partner for our shareholders and the communities we serve. We believe that how we work is just as important as what we achieve. That’s why we’re guided by core values that shape everything we do: Doing the right thing Teamwork Mutual respect Wellbeing Excellence