Senior Associate, RE Valuations

Bayview Asset Management•Coral Gables, FL

2d•Hybrid

About The Position

The Sr. Associate, Valuations will provide internal evaluations to support internal decision-making processes for various commercial real estate and lending related business lines. This will include communication with internal management, internal clients, third-party vendors as well as various other market participants like real estate brokers, property managers, and leasing agents. A thorough understanding of real estate valuation concepts and techniques, loan underwriting skills, strong research and analytical skills, and good communication skills are necessary.

Requirements

Bachelor’s degree required.
Seven (7) years of current experience in commercial real estate appraisal.
Solid skill set in the use of Microsoft Office Suite, particularly Excel & Word, required.
Thorough understanding with Discounted Cash Flow models.
Strong understanding of USPAP and Interagency Appraisal and Evaluation Guidelines.
Strong verbal, written, and interpersonal skills.
Effective report writing and other written communication skills.
Ability to solve problems, make decisions, prioritize tasks, and meet required deadlines.
Ability to adapt to different situations and work independently with minimal supervision.
Ability to make decisions quickly, and confidently, based upon analysis.
Certified General Appraisal License required.

Nice To Haves

MAI or advanced candidate preferred.

Responsibilities

Perform internal evaluations on various types of commercial real estate of all sizes, but mainly on assets greater than $10MM. Assets are mainly domestic real estate, but some components are international.
Formulate and present a well-researched opinion of value on real estate collateral and opine on loan and asset risks.
Conduct market research by contacting and having verbal discussions with real estate brokers, property managers, and leasing agents.
Prepare internal evaluations on CMBS assets and present opinion to credit committee for discussion. Most evaluations need to be completed in compressed time periods ranging from two to four hours.
Conduct periodic loan surveillance on assets held in our portfolio; evaluate loan and asset risks and report to management.
Evaluate appraisals for accuracy, reasonableness, compliance with our policies and procedures and underwriting guidelines. Collect feedback from our Underwriting team about appraisal and communicate with third-party appraisers to resolve deficiencies and maintain an audit trail of communication and revisions.
Rate performance of vendors to support recommendation for continuation of use on the approved appraiser and broker panel.
Perform internal evaluations on some residential 1-4 property types both domestic and international.
Conduct property site inspections, as needed.
Remain current on applicable appraisal regulations, guidelines, and industry standards.
Perform other duties as needed or assigned.