Data Center Appraisal Review Spec II (US)

TD•Boston, MA

1d•$91,000 - $145,600•Onsite

About The Position

The Appraisal Review Specialist II reviews, analyzes, and evaluates commercial real estate appraisals and valuations prepared by appraisal vendors, following up on vendor valuations and reconciling differences in opinion. The role maintains knowledge of commercial real estate markets and conditions, evaluates appraisal firms and individual appraisers for approval, and applies industry knowledge to complex appraisal assignments, including industrial, special-purpose, multifamily, and large subdivision or tract developments. The position ensures appraisal work complies with federal regulatory guidelines, TD Bank Appraisal Policy, Interagency Appraisal and Evaluation Guidelines, and USPAP. It prepares internal evaluations using relevant industry and market data, reviews vendor-prepared evaluations, provides market intelligence and appraisal policy guidance to Lending and Credit teams, and supports in-house appraisal training initiatives. The role independently prioritizes and manages complex, time-sensitive assignments in a high-volume environment. The position is based in New York, New York, with occasional domestic travel. It requires a bachelor's degree, at least five years of related experience, state appraiser certification, and expert knowledge of commercial real estate appraisal and valuation principles. Salary is listed as $91,000–$145,600 USD.

Requirements

Bachelor's degree required.
At least 5 years of related experience.
State Appraiser Certification required.
Some appraisal courses; courses given by the Appraisal Institute are preferred.
Expert knowledge of commercial real estate appraising and valuation principles and practice.
In-depth knowledge of legal and regulatory aspects of the commercial real estate market.
Strong analytical and evaluative skills, including combining disparate data into a comprehensive structure to improve accuracy and effectiveness.
Excellent interpersonal communication and negotiation skills, including the ability to explain interpretive and subjective decisions.
Strong prioritization and organizational skills, including the ability to change priorities based on sound business reasoning.
Ability to resolve appraisal issues with lenders and managers in pressure situations.
Familiarity with FIRREA and USPAP.
Excellent verbal and written communication skills.
Ability to interact with and provide excellent customer service to internal and external customers.
Knowledge of income capitalization methods.
Residential subdivision experience.
Strong customer focus.
Ability to manage complex appraisal assignments independently in a high-volume, time-sensitive work environment.

Nice To Haves

Five or more years of commercial real estate appraisal and/or appraisal review experience within a financial institution.
Substantial data center appraisal review experience.
Active appraisal credentials in multiple states where licensure is required for appraisal review work.
MAI designation or equivalent experience.
Florida Certified General Real Estate Appraiser credential, with ability to obtain and maintain additional state licenses as business needs require.
Extensive experience reviewing complex commercial real estate appraisals, including data centers, office, mixed-use, industrial, multifamily, special-purpose properties, and portfolio assignments.
Experience working with financial institutions on syndicated transactions and portfolio management.
Proficiency with ARGUS and RIMS.

Responsibilities

Review, analyze, and evaluate commercial real estate appraisals and valuations for commercial loans.
Follow up with appraisal vendors to reconcile valuation differences, determine methodologies and assumptions, and resolve appraisal deficiencies.
Research commercial real estate market data and conditions; provide analysis supporting modifications to appraised values.
Review lender-prepared internal evaluations and provide guidance when necessary.
Explain valuation issues and provide insight into commercial real estate trends.
Assist commercial loan officers with property inspections and risk analysis when appropriate.
Solicit vendor quotes for appraisal services based on collateral valuation needs; negotiate fees and payment terms.
Prepare clear and convincing appraisal reviews.
Keep commercial loan officers informed about approved appraisal firms and individuals.
Develop and manage company appraisal and valuation standards.
Participate in appraisal policy review and revision projects.
Inspect properties when needed to help determine final valuations.
Assist the Appraisal Section Manager with coaching or training staff pursuing state appraisal certifications.
Prepare internal evaluations and review vendor-prepared evaluations using relevant industry and market data.
Provide market intelligence and appraisal policy guidance to Lending and Credit teams.
Support and participate in in-house appraisal training initiatives across the Bank.
Independently prioritize, organize, and manage complex, time-sensitive appraisal assignments in a high-volume work environment.
Ensure appraisal work complies with federal regulatory guidelines, TD Bank Appraisal Policy, Interagency Appraisal and Evaluation Guidelines, and USPAP.