Commercial Valuation Manager

Columbia Bank, New Jersey • Roselle, NJ

130d • Hybrid

About The Position

Serves as the commercial area leader and lead valuation expert handling all property types and markets, including complex property types and assignments.

Requirements

• Bachelor's Degree required.
• Master's Degree preferred.
• 8+ years related experience.
• Commercial - General (Appraisal) License required.
• Professional Designation required (ex: MAI, ASA, MRICS).
• Engineering License or Certification preferred.
• Ability to collaborate cross-functionally.
• Effective written and verbal communication skills.
• Ability to provide guidance and lead others through change.

Responsibilities

• Evaluates complex individual appraisal reports and evaluations to ensure compliance with regulatory guidelines and bank policy.
• Recommends action to achieve compliance for unacceptable appraisal reports.
• Assesses the validity of existing appraisals and evaluations.
• Directs the day-to-day operations of the commercial area of the department.
• Exercises the usual authority concerning scheduling, performance evaluations, performance management, and salary recommendations.
• Assists with developing and monitoring the departmental succession plan, focusing on the commercial areas.
• Facilitates a culture that maximizes retention and demonstrates a commitment to diversity.
• Assists with the development and monitoring of the departmental strategy towards achieving its goals and remaining within budget.
• Assists in the review of non-complex environmental reports to ensure compliance with regulatory guidelines and bank policy.
• Provides significant support and analysis for Corporate Real Estate; develops tools and other reporting.
• Assists with review of the Valuation Policy as well as the Environmental Liability and Risk Policy.
• Makes recommendations to the department head for changes or enhancements to the policies for compliance with regulatory requirements and to implement appropriate best practices.
• Oversees the monitoring and documenting of the performance of the commercial appraisal and environmental professionals' compliance with bank policy and departmental procedure.
• Reviews proposed transaction information to understand the risk profile and determine the appropriate level of due diligence required to meet regulatory and policy standards.
• Monitors and maintains a risk-focused valuation process to ensure the level of reporting and depth of the commercial valuation reviews are consistent with bank policy and to support lending decisions.
• Monitors and maintains an environmental risk management program for a lending context, that is risk-adjusted based on key transaction factors.
• Conducts periodic reviews of commercial valuation and environmental reports as part of a quality assurance program.
• Acts as a primary liaison between the Collateral Risk Department and commercial lending, credit, credit risk review, and special assets areas to resolve appraisal and environmental issues.
• Monitors the primary commercial real estate markets served by the bank.
• Designs and prepares periodic real estate market briefings for lending, underwriting, and senior management.
• Presents key market updates to internal groups.
• Provides other training and support when needed both within and outside the department.
• Stays current on and takes required education courses based on market need and license requirements.
• Takes career development courses consistent with departmental needs.
• Monitors changes in industry technology for workflow, commercial valuation modeling, and environmental monitoring.
• Assists in the selection process of new technology tools, focusing on driving greater efficiency in the commercial area of the department.
• Works with the department head and other departments, including IT and Risk, to implement technology in use by the commercial area of the department.
• Works with department staff and members of the lending teams to develop and distribute complex residential and commercial RFPs.
• Assists with review assignment to internal and external reviewers based on a cursory review of reports received.
• Processes completed appraisal reviews, tracks reviewer quality, and updates departmental databases and workflow tools to document vendor performance.
• Updates vendor management documentation and tools including vendor management tracking and periodic performance reports.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Management of Companies and Enterprises
• Education Level: Bachelor's degree
• Number of Employees: 501-1,000 employees