Commercial Staff Appraiser-Joliet, IL (Will County)

Class Valuation•Joliet, IL

5d•Hybrid

About The Position

Class Valuation is seeking a Commercial Staff Appraiser in Illinois to join their team. This role involves preparing credible, well-supported commercial real estate appraisals and related valuation products in accordance with USPAP, federal and state laws, client requirements, and company policies. The appraiser will manage valuation engagements from start to finish, conduct market and property research, apply valuation methodologies, and maintain professional communication with clients and internal staff. Maintaining independence, objectivity, confidentiality, and sound professional judgment are crucial.

Requirements

Bachelor's degree in real estate, finance, accounting, economics, business, construction, urban planning, or a related field; equivalent relevant experience may be considered.
Current Certified General Real Property Appraiser credential in the state(s) where assignments are performed, in good standing and without undisclosed disciplinary restrictions.
Experience working within an appraisal management company, financial institution, national appraisal firm, or regulated lending environment.
Three to five years of progressively responsible commercial real estate appraisal experience appraising a broad range of commercial property types and complex ownership or lease structures.
Demonstrated knowledge of USPAP, commercial appraisal methodology, and applicable appraisal independence requirements.
Proficiency with Microsoft 365 and commercial appraisal, mapping, public-record, and market-data platforms.
Strong analytical, research, mathematical, writing, proofreading, organizational, and time-management skills.
Ability to interpret leases, financial statements, legal descriptions, surveys, zoning materials, construction information, and market data.
Ability to communicate complex valuation matters clearly and professionally to technical and nontechnical audiences.

Nice To Haves

MAI designation or active progress toward an MAI designation

Responsibilities

Prepare narrative and form-based appraisals of commercial real estate, including office, retail, industrial, multifamily, mixed-use, land, special-purpose, and other income-producing properties.
Review engagement terms and property information to identify client, intended users, intended use, effective date, property characteristics, assignment conditions, and scope of work.
Inspect subject properties and document physical, economic, locational, zoning, environmental, and market factors affecting value.
Research and verify comparable sales, leases, operating expenses, capitalization rates, market trends, and other relevant data.
Develop and reconcile applicable valuation approaches (sales comparison, income capitalization, cost) with clear support for assumptions and conclusions.
Analyze leases, rent rolls, operating statements, budgets, tax records, purchase agreements, development costs, zoning information, and other property-level documents.
Produce clear, accurate, and internally consistent appraisal reports meeting USPAP, client, and regulatory standards.
Respond promptly and professionally to appraisal review questions, revision requests, and clarification requests.
Manage assigned deadlines and workload, provide timely status updates, and escalate issues promptly.
Maintain complete and organized work files.
Protect confidential information and personally identifiable information.
Perform other related duties consistent with the position's professional scope and qualifications.