Comm Appraisal Services Conslt.

Bank of America•Atlanta, GA

About The Position

At Bank of America, the role supports the company’s purpose of helping make financial lives better and its commitment to Responsible Growth, inclusion, teammate wellness, performance recognition, and community impact. The company maintains an in-office culture with role-specific flexibility. The Commercial Appraisal Services Consultant orders and reviews appraisals and evaluations for commercial real estate lending and provides appraisal and consulting services and transaction-specific professional guidance to all lines of business. The work includes scoping service requests, managing bidding and award processes, overseeing external suppliers, and reviewing appraisals. The position may also include client team training, supervisory duties, management of procurement or review teams, and management of external reviewers. The role evaluates valuation requests for policy and regulatory compliance. It develops vendor statements of work, selects prequalified vendors and distributes requests for proposals, executes awards and monitors vendor performance, reviews reports for contract compliance and grades performance, conducts detailed quality assurance reviews, preprocesses and validates invoices, and resolves first-level business and vendor disputes.

Requirements

Active State-Certified General Real Estate Appraisal Credential.
At least 5 years of commercial real estate appraisal experience.
Intermediate proficiency with Argus and/or Rockport Val cash-flow software and Microsoft Excel.
Basic proficiency with Microsoft Word.
In-depth working knowledge of valuation theory and methodology for commercial and residential appraisals.
Ability to write concise technical opinions in language understandable to both experts and laypeople.
Ability to work independently in a remote setting.
Ability to adapt to new technology and changes in recognized valuation methods and techniques.

Nice To Haves

Commercial appraisal review experience for a federally regulated banking institution or equivalent is highly preferred.
At least 2 years of commercial appraisal review experience for a federally regulated banking institution or equivalent.
MAI designation.
Bachelor’s degree in finance or equivalent.

Responsibilities

Order and review appraisals and evaluations used for commercial real estate lending.
Provide appraisal and consulting services, including transaction-specific professional guidance, to all lines of business.
Scope requests for services and manage bidding and award processes.
Develop vendor statements of work for each order.
Select prequalified vendors and distribute requests for proposals.
Execute awards and monitor vendor performance.
Manage external suppliers and conduct appraisal reviews.
Evaluate valuation requests for policy and regulatory compliance.
Review reports for contract compliance and grade vendor performance.
Perform detailed quality assurance reviews.
Preprocess and validate invoices.
Resolve first-level business and vendor disputes, including disputes concerning vendor selection, utilization frequency, and invoicing.
Potentially train client teams; supervise or manage procurement and review teams; and manage external reviewers.