Commercial Valuation Spec
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.
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
- Master’s degree in real estate related discipline or professional real estate designation
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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
