AVP & Commercial Real Estate Review Appraiser
About The Position
The AVP & Commercial Real Estate Review Appraiser reviews and analyzes completed appraisal reports for income-producing properties, including multifamily, office, mixed-use, and retail properties. The role assesses whether valuations are reasonably supported and credible, and whether reports comply with federal and state regulations, USPAP, FIRREA, bank policies and guidelines, and industry standards. The appraiser communicates opinions on the reasonableness and reliability of reports and decisions on accepting appraisals completed by third-party vendors. The position also completes internal appraisal assignments to support loan underwriting, conducts market research, and provides analytical support for appraisal review conclusions, presentations, and broader commercial real estate monitoring. It involves advising Loan Officers and Executive Management on appraisal and valuation matters, engaging fee appraisers, and conducting property site inspections as needed. This is an on-site position. The salary range is $125,000–$160,000, based on qualifications and experience.
Requirements
- Current New York State General Appraiser Certification License in good standing.
- Minimum of 10 years of recent experience as a New York State Certified General Appraiser, appraising and/or reviewing complex multifamily, mixed-use, and commercial properties in the New York metropolitan area.
- High degree of accuracy and exceptional attention to detail.
- Strong analytical, written, and verbal skills.
- Proficiency with New York Metropolitan Area real estate.
- Knowledge and experience with office, retail, multifamily, and cooperative property types throughout the New York Metropolitan Area.
- Knowledge of commonly used real estate database sources, including RealQuest, Comps Inc., CoStar, and Multiple Listing Service (MLS).
- Good organizational and management skills, with the ability to work independently.
- Proficiency with Microsoft Office Suite, Outlook, and Teams.
- Bachelor's degree.
Nice To Haves
- Ability to solve problems involving multiple facets and variables in non-standardized situations.
- Ability to manage time efficiently to meet strict deadlines.
- Appraisal Review experience within a regulated financial institution.
- MAI or AI-GRS (Review) Designation.
- A degree in Accounting, Finance, Economics, or a related field.
Responsibilities
- Conduct thorough reviews and analyses of completed appraisal reports for income-producing properties, including multifamily, office, mixed-use, and retail.
- Ensure valuations are reasonably supported, credible, and compliant with federal and state regulations, USPAP, FIRREA, bank policies and guidelines, and industry standards.
- Opine on the overall reasonableness and reliability of appraisal reports.
- Review, analyze, render, and communicate decisions regarding acceptance of appraisals performed by third-party vendors.
- Complete internal appraisal assignments for use in loan underwriting decisions.
- Conduct market research and provide analytical support for appraisal review conclusions, presentations, and broader CRE monitoring efforts.
- Communicate regularly with and serve as an advisor to Loan Officers and Executive Management on appraisal and real estate valuation matters.
- Engage fee appraisers to complete appraisal and valuation assignments.
- Conduct property site inspections as needed.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
