Commercial Review Appraiser

First Interstate BancSystem • Billings, MT

5d • Remote

About The Position

The Commercial Review Appraiser assists the Chief Appraiser with implementing and administering real estate appraisal policies and procedures for First Interstate Bank as part of the Commercial Valuation Department (CVD), which operates independently of the lending functions of the Bank. This position is expected to contribute to a team-oriented environment with the goal of maintaining a high degree of customer service that advances the overall success of the Bank in concert with our mission of "… being the premier financial services provider in the communities we serve."

Requirements

• Bachelor's Degree required
• 4-6 years experience in appraising real estate, reviewing real estate appraisals in a lending or fee environment, and/or equivalent combination of education and experience required
• Certified/Licensed Appraiser required
• Dexterity of hands/fingers to operate computer keyboard and mouse - Frequently
• Sitting - Frequently
• Regular and Predictable Attendance - Required

Nice To Haves

• Experience with a variety of property types, valuation methodologies, and ownership interests preferred

Responsibilities

• Assists in the independent procurement of appraisals and reviews from qualified and geographically competent appraisers in compliance with the Bank’s Policy and Procedures, FIRREA, USPAP, and Interagency Appraisal and Evaluation Guidelines (IA&EG); encompasses, oversees, or assists in the management of the valuation processes, including engaging, receiving, reviewing, and distributing appraisal and review reports.
• Provides or procures the completion of independent reviews of appraisals submitted to the bank to ensure that the applied processes and valuation results are credibly derived and are void of conflicts of interest in compliance with the Bank Policy and Procedures, FIRREA, USPAP, and (IA&EG); facilitates an ongoing monitoring process to confirm the accuracy and reliability of appraisals.
• Assists the Chief Appraiser with ensuring proper documentation and record keeping for the department.
• Interacts with fee appraisers and loan officers, acting as a liaison to facilitate the flow of required information to ensure appraiser independence is maintained at all times.
• Acts as a resource for lenders and other team members on appraisal and market related issues, regulatory requirements, and valuation questions.
• Participates in legal and compliance training and other appropriate training as required to maintain knowledge of banking activities, First Interstate Bank products and services, and remain current with laws and regulations.
• Upholds and promotes adherence to all Bank and banking institution regulations, laws, standards, policies, and procedures.
• Provides professional service to internal and external customers; provide support and assistance, including communication support, responding to incoming telephone calls, electronic mail, and voice mail.
• Performs special projects and other related duties as assigned, in support of the daily functions of the Credit Administration Department.

Benefits

• Generous Paid Time Off (PTO) in addition to paid federal holidays.
• Student debt employer repayment program.
• 401(k) retirement plan with a 6% match.
• medical, dental, vision, short-term and long-term disability benefits and life insurance, flexible spending accounts, health savings account, employee assistance program, 401(k), Paid Time Off (new hires accrue at .069 per hours worked which equates to approximately 18 days per year inclusive of paid sick time) and up to 11 paid Federal holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level