Appraisal Specialist

Centennial Bank•Conway, AR

About The Position

The Appraisal Specialist analyzes appraisals and performs market evaluations to support and facilitate safe and sound real estate-secured credit decisions. This position manages multiple systems and applications used for the administration of appraisals and other valuation reports.

Requirements

Knowledge of a specialized field (however acquired), such as basic accounting, computer, etc.
Equivalent of four years in high school, plus night, trade extension, or correspondence school specialized training, equal to two years of college, plus 2 years related experience and/or training, or equivalent combination of education and experience.
Ability to write reports, business correspondence, and policy/procedure manuals
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
Ability to apply concepts such as fractions, ratios, and proportions to practical situations.
Ability to utilize common sense understanding in order to carry out written, oral or diagrammed instructions.
Ability to deal with problems involving several known variables in situations of a routine nature.
Advanced: 10-Key, Word Processing/Typing
Intermediate: Spreadsheet
Basic: Alphanumeric Data Entry, Database

Nice To Haves

Experience with real estate values preferred, such as realtor training or appraisal training.

Responsibilities

Perform in-house real estate evaluations in narrative form by providing an estimate of the property's market value, including appropriate approaches, as applicable.
Perform appraisal reviews to determine whether the methods, assumptions and value conclusions are reasonable and that the appraisal contains sufficient information to support a credit decision.
The appraisal review will also determine that the appraisal complies with regulations and supervisory guidelines as well as bank policy.
Communicate any deficiencies of an appraisal to the appraiser and follow for corrections, as applicable.
Become knowledgeable of and actively use the RIMS appraisal management system.
For in-house evaluations, perform visual inspection of subject property (exterior only) and document narrative with pictures of property.
Mail valuation reports in accordance with Regulation B.
Adhere to and maintain compliance with local, state, and federal regulatory guidelines.
Completes required BSA/AML training and other compliance training as assigned.
The ability to work in a constant state of alertness and in a safe manner.
Perform any other related duties as required or assigned.