Commercial Real Estate Valuation Specialist

Old National Bank•Lake Elmo, MN

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Requirements

Five-years of overall experience in commercial/residential real estate preferred
Associates degree in a business-related field or equivalent work experience.
Highly detail oriented, thorough, and ability to think critically with limited oversight.
Excellent time and project management skills.
Strong organization skills.
Refined verbal and written communication skills.
Ability to meet strict deadlines

Nice To Haves

Knowledgeable of the Interagency Appraisal and Evaluation Guidelines (IAEG), USPAP and ONB Guidelines and Procedures.
General real estate industry knowledge across various commercial property classes.
Self-directed, goal oriented (meeting/exceeding production/volume), capable of making quick, independent (limited oversight) decisions with a focus on meeting client expectations in a fast-paced work environment.

Responsibilities

Review Commercial Appraisal Reports: Complete appraisal reviews in compliance with USPAP Standards 3 and 4 while recognizing appropriate appraisal methodology and techniques
Opine on the completeness, accuracy, adequacy, relevance and reasonableness of appraisals
Understand industry nuances between property types and knowledge across asset classes
Complete Internal Evaluations (Restricted Appraisal Reports): Complete internal evaluations or restricted appraisal reports in compliance with USPAP Standards 1 and 2 and federal regulations.
Understand various property types and classes
Review and analyze all current documentation relevant to the appraisal process including leases, operating history, contracts, easements, surveys, etc.
Recognize and apply appropriate appraisal methodology and techniques
Provide Real Estate Consultation and Manage Internal Client Relationships: Consult with internal clients on real estate appraisal methodology and techniques
Provide guidance related to the IAEGs, USPAP and ONB Guidelines and Procedures
Operate independently and solve problems using independent judgement/discretion with limited oversight
Provide clear and concise communications to vendors and internal clients
Continue Education and Maintain Required Licensure: Maintain appropriate real estate licensure within ONB’s traditional footprint
Enhance knowledge through continuing education; particularly, on relevant and emerging real estate topics
Pursue educational opportunities as part of a professional development plan