VAS Vice President
CBRE · Pittsburgh, PA · 3 mo ago
ManagementFull-time
About The Role
As a CBRE VAS - Vice President, you will independently prepare market value appraisals on real estate with review by a Managing Director (one of whom must be [MAI] Member of the Appraisal Institute). You'll prepare real estate appraisal reports from start to finish on properties, including all Appraiser responsibilities as well as performing detailed appraisal analysis in order to value real estate.
What You'll Do
- Identify value to be estimated by studying appraisal request, problem to be solved, and scope of the project, such as, mortgage financing, insurance replacement cost calculation, estate valuation, tax appeals, corporate employee relocation, investment, or sale.
- Increased focus on Appraising for Senior Housing specifically.
- Calculate valuation method by selecting approach and techniques for valuing property, i.e., cost, direct sales comparison, and income capitalization; identifying property characteristics and attributes.
- Research and analyze property information by collecting, verifying, and analyzing data regarding inventory of similar properties, sales and listings, vacancies and offerings, absorption rates, demand studies, social, economic, governmental, and environmental characteristics, restrictions, encumbrances, covenants, contracts, declarations, special assessments, ordinances, cost and depreciation, income/expense and capitalization rate, history of ownership, and use of the property.
- Prepare appraisal report by describing physical and economic property characteristics, appraisal procedures used, and information analyzed; disclosing assumptions, and hypothetical and limiting conditions.
- Maintain organization reputation by conforming to the Uniform Standards of Professional Appraisal Practice (USPAP); keeping information confidential.
- Update job knowledge by studying current real estate values and property development potential, including land use restrictions; participating in development opportunities; reading professional publications; maintaining personal networks; participating in professional organizations for the purpose of conducting accurate appraisals.
- Coordinate and assign tasks to co-workers within a team. Lead project teams and/or plan, and coordinate assignments of lower level employees. May have responsibility for identifying training needs, studying performance, mentoring, and motivating a group.
What You'll Need
- Bachelor's degree from four-year college or university required. Master's degree preferred.
- A minimum of (8) years commercial appraisal experience and (3) years review experience.
- Institutional review experience is a plus.
- Must have General State Certification/License. MAI preferred.
- Ability to comprehend, analyze, and interpret business documents.
- Ability to respond efficiently to issues.
- Ability to write reports, manuals, speeches and articles using distinctive style.
- Above-average knowledge of financial real estate terms and principles.
- Complete understanding of approaches to value of real estate assets.
- Ability to address problems and provide a variety of options in various situations.
- Requires high level analytical and quantitative skills with experience in developing strategic solutions for a growing matrix-based multi-industry sales environment.
- Must be proficient in Argus, MS Word, and MS Excel.
- Good writing skills.