Commercial Appraisal Reviewer

Santander•New York, MA

7d•$78,750 - $130,000

About The Position

The Associate, Portfolio Management & Oversight - Appraisal Reviewer supports the Appraisal Department by analyzing and resolving complex appraisal issues, documenting results, and assisting the Commercial Real Estate Appraisal Manager and department staff. The role reviews commercial real estate appraisals and valuations for credibility, reasonableness, regulatory and professional-standard compliance, and conformance with the Bank’s policies and procedures. It also supports colleagues, vendors, audits, and appraisal-related projects.

Requirements

Bachelor’s degree in a related field, or equivalent demonstrated through a combination of work experience, training, military service, or education.
At least 5 years of experience in commercial real estate appraisal or valuation, appraisal review, or review experience within a regulated financial institution.
State Certified General Appraiser license in good standing.
Knowledge of industry standards and practices, including compliance and regulations.
Experience with Microsoft Office 365 products.
Strong analytical, customer service, verbal, and written communication skills.
High attention to detail and accuracy.
Excellent time management skills and ability to prioritize in a fast-paced environment.
Self-starter with demonstrated ability to take initiative and escalate issues when appropriate.
Ability to work collaboratively and flexibly to meet irregular demands and deadlines.
Legally authorized to work in the United States full-time without employer sponsorship to commence employment.

Nice To Haves

Experience with appraisal management software such as C360 or RIMS.
Experience with financial modeling of commercial property types in ARGUS Enterprise software.
Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

Solicit bids for appraisal and valuation services as needed.
Engage fee appraisers to complete appraisal and valuation assignments as needed.
Independently review real estate appraisal and valuation reports in a timely manner and prepare Standard 3 reviews or compliance reviews as appropriate.
Ensure appraisals are reasonable, supported, credible, and compliant with federal and state regulatory requirements and professional appraisal standards.
Ensure appraisals conform to the Bank’s commercial real estate appraisal policies and procedures.
Assist with internal and external audits, ad hoc projects, and analyses as requested by the Commercial Real Estate Appraisal Manager.
Expand knowledge of current topics, trends, and developments in commercial real estate valuation through industry events, seminars, and other activities.
Act as a resource for third-party appraisal vendors and appraisal management companies.
Communicate regularly with Bank colleagues and advise them on appraisal and real estate valuation matters.
Maintain appropriate licensing through continuing education or further development through qualifying education.
Travel as needed.