Appraisal Specialist II

Centennial Bank•Conway, AR

About The Position

The Appraisal Specialist II analyzes appraisals and performs appraisal reviews, market evaluations, and other valuation reports needed to support safe and sound real estate-secured credit decisions. The position coordinates with a Senior Appraisal Specialist and/or Senior Staff Appraiser on departmental procedures and training new staff. It has no supervisory responsibilities. The role performs in-house real estate evaluations, reviews appraisals for support of methods, assumptions, and value conclusions, and checks compliance with regulations, supervisory guidelines, and bank policy. The specialist communicates appraisal deficiencies to appraisers and follows up on corrections, responds to loan officers’ appraisal-compliance questions, maintains regulatory compliance, and mails valuation reports in accordance with Regulation B. The position also uses the RIMS appraisal management system, trains new staff, and completes assigned BSA/AML and other compliance training. The role requires two years of related experience and/or training, along with specialized knowledge equivalent to two years of college beyond high school. It calls for communication, mathematical, and critical-thinking skills and proficiency with office software and data-entry tools. The work may involve occasional travel and evening or night hours. Physical activities include frequently standing, walking, and sitting; regularly talking or hearing; and occasionally lifting up to 25 pounds. The role may also involve occasional outdoor weather exposure and work in a moderate-noise environment.

Requirements

Two years of related experience and/or training.
Specialized-field knowledge equivalent to four years of high school plus specialized training equal to two years of college.
Ability to write reports, business correspondence, and policy/procedure manuals, and present information and respond to questions from groups, clients, customers, and the public.
Ability to calculate figures and amounts including discounts, interest, commissions, proportions, percentages, area, circumference, and volume, and apply fractions, ratios, and proportions to practical situations.
Ability to solve practical problems involving known variables where standardization is limited and interpret written, oral, or diagram-based instructions.
Basic presentation/PowerPoint skills.
Intermediate 10-key, accounting, alphanumeric data entry, spreadsheet, and word-processing/typing skills.
Ability to meet the role’s physical requirements, including frequent standing, walking, and sitting; regular talking or hearing; and occasional lifting of up to 25 pounds.
Close vision for computer and other near work and distance vision for driving or work such as surveying.

Nice To Haves

Real estate appraisal or realtor training preferred.

Responsibilities

Perform in-house real estate evaluations and estimate property market value using appropriate approaches.
Review appraisals to determine whether methods, assumptions, and value conclusions are reasonably supported.
Determine whether appraisals comply with regulations, supervisory guidelines, and bank policy.
Communicate appraisal deficiencies to appraisers and follow up on corrections, as applicable.
Become knowledgeable about and actively use the RIMS appraisal management system.
Serve as a contact for loan officers’ questions regarding appraisal compliance.
Maintain compliance with local, state, and federal regulatory guidelines.
Mail valuation reports in accordance with Regulation B.
Train new staff on departmental procedures and daily tasks.
Complete required BSA/AML training and other assigned compliance training.
Work in a constant state of alertness and in a safe manner.
Perform other related duties as required or assigned.