Commercial Real Estate Appraisal Officer II

Bank OZK • Little Rock, AR

3d

About The Position

Manages a pipeline of moderately complex valuation projects across all property types. The role scopes valuation projects, engages external appraisers, and reviews appraisal reports to help originations and special asset management teams obtain credible valuation reports and reliable collateral values for decision-making.

The position works with originations, credit personnel, first-line personnel, appraisers, and commercial appraisal coordinators. It evaluates appraisal credibility and market value opinions, ensures regulatory and policy compliance, analyzes market data, advises lending teams on market conditions and appraisal theory, and mentors personnel on Bank appraisal practices.

Requirements

• High school diploma or commensurate work experience.
• At least four years of commercial real estate valuation work experience.
• State Certified General Appraiser designation.
• Knowledge of commercial real estate appraisal standards and requirements applicable to federally regulated real estate transactions.
• Knowledge of appraisal methods and appraisal review theory.
• Knowledge of RIMS.
• Ability to use a commercial appraisal management platform to manage a project pipeline.
• Ability to use Argus.
• Effective verbal and written communication skills.
• Critical thinking and organizational skills.
• Analytical skills, including discounted cash flow analysis.
• Ability to work with minimal direct supervision and adapt effectively in a changing environment.
• Ability to manage multiple tasks with exacting deadlines in a fast-paced environment and maintain attention to detail.
• Computer skills, including Microsoft Outlook, Word, Excel, PowerPoint, and Adobe Acrobat.

Nice To Haves

• Bachelor’s degree.
• Commercial real estate appraisal review experience with a bank.
• AI-GRS or MAI designation.
• Membership or designation in a professional appraisal association or society.

Responsibilities

• Communicate with originations and credit personnel to understand financing requests and collateral property characteristics for appraisal scoping.
• Consult with first-line personnel and develop solutions to appraisal problems.
• Identify qualified professionals from the appraiser panel to bid on, award, and track appraisal projects through RIMS.
• Manage appraiser engagements and collaborate with the commercial appraisal coordinator to ensure contracted appraisers receive required property information.
• Review moderately complex appraisal projects to assess report credibility and the reliability of appraisers’ market value opinions.
• Complete or review property evaluations and validations as needed.
• Ensure appraisal reports comply with internal policies and procedures, engagement letter terms, and federal and state regulatory requirements, including USPAP and FIRREA.
• Gather and analyze market data and trends relevant to appraisal engagements.
• Provide commercial real estate lending teams with insight and technical interpretations of real estate market conditions and appraisal theory.
• Mentor first- and second-line personnel in Bank appraisal policies, procedures, and practices.
• Exercise discretion and judgment in performing essential job functions.
• Maintain punctuality and attendance, and follow Bank policies, procedures, and guidelines.

Benefits

• Generous paid time off (PTO).
• 401(k) matching.
• Health insurance.
• Dental insurance.
• Vision insurance.
• Pet insurance.
• Special perks and discounts.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED