Appraisal Officer

Washington Trust Bank Careers•Spokane, WA

1d•Hybrid

About The Position

The purpose of this position is to assist the Manager of Appraisal Review and Environmental Risk with providing appraisal services. The primary responsibility for this position is to review commercial appraisals. The position will also engage appraisers for appraisal assignments and provide some evaluation services. In addition, the position will assist in quality control of the appraiser panel and monitor appraisers for performance on a periodic basis. This role is open to hybrid work within the Washington Trust Bank footprint of WA, ID and OR. Regular, reliable attendance is required.

Requirements

General state appraisal license certification in Washington and/or Idaho, to be current at all times.
Four-year college degree with an emphasis in real estate, finance, economics, real property valuation, urban land economics/planning, or other related field. Eight years of direct appraisal experience may substitute for a four-year college degree.
Proficiency with MS Office.
Possess excellent written, verbal and listening skills.
Possess a current automobile license.
Regular, reliable attendance is required

Responsibilities

Reviews commercial real estate appraisals for USPAP and FIRREA compliance, valuation methodology and application and determination of an appropriate market value estimate for extension of credit.
Inspects collateral as part of the review process when necessary or appropriate.
Bids and engages appraisers for valuation assignments.
Assists the Manager of Appraisal Review and Environmental Risk in selecting the approved appraiser panel and monitor the quality of the product.
Submits recommendations to the Manager of Appraisal Review and Environmental Risk regarding the continuation, limitations or removal of an appraiser from the approved appraiser panel.
Provides evaluation and validation services, as needed.
Assists the Manager of Appraisal Review and Environmental Risk in development and implementation of appraisal policy and procedures.
Assists the credit department staff regarding appraisal issues as required in the credit management process.
Integrates effective Internal Controls into all applicable work processes.
Maintains a working knowledge of Internal Controls with particular attention to Key Controls.
Is responsible for ensuring that updates to Internal Controls documentation are performed timely when there are changes in the risk parameters and/or workflow.
Perform compliance and risk management duties as required or assigned.