Appraiser
About The Position
What You'll Do Principal Real Estate Investors (PrinREI), a top-10 global real estate manager with over $100B in assets under management, is the dedicated real estate investment group within Principal Global Investors. With over 60 years of real estate investment experience our comprehensive, specialized capabilities across all four quadrants of commercial real estate---private equity, public equity, public debt, and private debt gives us a unique perspective on real estate space and capital markets. As an Appraiser in our Appraisal Services team at PrinREI, you'll work with both the debt and equity teams providing services such as engaging appraisers, reviewing appraisals, and consulting with various internal teams and external appraisal firms. You'll have the opportunity to: Perform appraisal reviews of external appraisal reports for a variety of internal clients (both equity and debt) in support of the quarterly valuation process and loan production, including timely completion and communication to all internal parties involved. Work closely with appraisal management companies to facilitate the valuation process on certain equity clients, including bidding selection and managing the appraisal review process with internal teams. Administer the valuation process and review market value recommendations associated with market events for equity investments on a monthly basis. Complete monthly and quarterly mark to market process for equity investments with floating rate loans. Serve as a resource and provide appraisal expertise and best practice guidance to production staff, asset management and portfolio management teams as needed during the life cycle of real estate investments. Provide valuation assistance for reporting purposes or investor queries. Assist with the monitoring and updating of valuation and modeling policies for various funds as needed. Assist with the annual audit process for various equity clients, including compiling requested valuation related items in a timely manner. Keep abreast of real estate economics and trends and assist in market research and portfolio management as required. Administer the collection, storage, analysis and communication of appraisal data. Perform other job-related duties and special projects as required. Who You Are Bachelor's degree or eight years of relevant work experience 3+ years' experience as an appraiser/reviewer; preferably in commercial real estate
Requirements
- Bachelor's degree or eight years of relevant work experience
- 3+ years' experience as an appraiser/reviewer; preferably in commercial real estate
- Ability to read, interpret, and analyze loan, financial, and/or legal documents to produce a valid property valuation
- Ability to critically assess property valuations performed by the underwriting staff and asset management teams
- Excellent analytical, critical thinking and organizational skills
- Excellent oral and written communication skills and ability to work on a team
- Knowledge of PC and software including Windows, Microsoft Office
Nice To Haves
- Argus Enterprise experience
- Progress towards the MAI (Member of Appraisal Institute) designation
Responsibilities
- Perform appraisal reviews of external appraisal reports for a variety of internal clients (both equity and debt) in support of the quarterly valuation process and loan production, including timely completion and communication to all internal parties involved.
- Work closely with appraisal management companies to facilitate the valuation process on certain equity clients, including bidding selection and managing the appraisal review process with internal teams.
- Administer the valuation process and review market value recommendations associated with market events for equity investments on a monthly basis.
- Complete monthly and quarterly mark to market process for equity investments with floating rate loans.
- Serve as a resource and provide appraisal expertise and best practice guidance to production staff, asset management and portfolio management teams as needed during the life cycle of real estate investments.
- Provide valuation assistance for reporting purposes or investor queries.
- Assist with the monitoring and updating of valuation and modeling policies for various funds as needed.
- Assist with the annual audit process for various equity clients, including compiling requested valuation related items in a timely manner.
- Keep abreast of real estate economics and trends and assist in market research and portfolio management as required.
- Administer the collection, storage, analysis and communication of appraisal data.
- Perform other job-related duties and special projects as required.
Benefits
- Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don't accrue a bank of time off under FTO and there is no set number of days provided.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Funds, Trusts, and Other Financial Vehicles
Number of Employees
5,001-10,000 employees
