Commercial Valuation Officer

Old National Bank•Deerfield, IL

19h•Remote

About The Position

We are currently seeking a Commercial Appraisal Review Officer that will review commercial real estate appraisals and produce restricted appraisals (internal evaluations). The appraisal review process will be performed in conformance with Standards 3 and 4 of the Uniform Standards of Professional Appraisal Practice (USPAP). Restricted appraisal reports will conform with Standards 1 and 2 of USPAP. This position requires being knowledgeable of the Interagency Appraisal and Evaluation Guidelines (IAEG), USPAP and ONB Guidelines and Procedures. Further, it requires general real estate industry knowledge across various commercial property classes. A Commercial Appraisal Review Officer is expected to be 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. Your office can be anywhere throughout our footprint in the Midwest. We require candidates who possess certified general appraisal licenses in IL, IN, WI, MI, MN, KY, ND and TN. The MAI designation is preferred. Salary Range The annual salary range for this position is $80,000-$128,000 plus incentive bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location. Position may be filled as a Senior role, depending on the skills and qualifications of the candidate

Requirements

Active Certified General Appraisal License
Five-years of overall experience in commercial/residential real estate appraisal work
Bachelor’s degree in business, finance or related discipline, or equivalent demonstrated work experience
Certified general appraisal licenses in IL, IN, WI, MI, MN, KY, ND and TN.

Nice To Haves

MAI designation is preferred
Master’s degree in real estate related discipline or professional real estate designation preferred

Responsibilities

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 restricted appraisal reports in compliance with USPAP Standards 1 and 2.
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
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
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