Comm Appraisal Services Conslt.

Bank of America•Charlotte, NC

12d

About The Position

At Bank of America, this role supports commercial real estate lending by ordering and reviewing appraisals and evaluations, and by providing appraisal and consulting services and transaction-specific professional guidance to all lines of business. The position includes scoping service requests, managing the bidding and award processes, overseeing external suppliers, and reviewing appraisal work. Additional responsibilities may include training client teams, supervising procurement or review teams, and managing 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, monitors vendor performance, reviews reports for contract compliance and grades performance. It also conducts detailed quality assurance reviews, preprocesses and validates invoices, and provides first-level resolution of business and vendor disputes, including disputes related to vendor selection, utilization frequency, and invoicing. Bank of America describes its commitment to Responsible Growth, an inclusive workplace, teammate well-being, recognition and community impact. The company maintains an in-office culture with role-specific attendance requirements and an appropriate level of flexibility. This position is listed as first shift and 40 hours per week.

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 and other department programs.
In-depth working knowledge of valuation theory and methodology for commercial and residential appraisals.
Ability to write concise technical opinions in language comprehensible to both experts and laypeople.
Ability to work independently in a remote setting.
Ability to adapt to new technology and changes to 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 to all lines of business and transaction-specific professional guidance.
Scope service requests and manage the bidding and award processes.
Manage external suppliers and appraisal review.
Evaluate valuation requests for policy and regulatory compliance.
Develop vendor statements of work for each order.
Select prequalified vendors and distribute requests for proposals.
Execute awards and monitor vendor performance.
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 procurement or review teams, and manage external reviewers.