Sr. Real Estate Risk Reviewer
About The Position
The Senior Real Estate Risk Reviewer performs independent commercial real estate appraisal reviews for high-complexity and high-risk properties, typically involving larger exposures. The role relies on extensive experience to identify major issues and protect Citizens’ collateral position. It assesses appraisal reports for compliance with Citizens’ scope of work and applicable federal regulatory requirements and guidance, including FIRREA and its implementing OCC regulations, USPAP, the Interagency Appraisal and Evaluation Guidelines, and the OCC Comptroller’s Handbook on Commercial Real Estate Lending. The reviewer manages real estate appraisal and evaluation risks across assigned geographic markets and/or lending groups; provides risk identification, quantification, and consulting; and documents reviews in comprehensive written reports for internal customers. The position may include administrative supervision and process oversight. It also supports appraisal assignment scoping and engagement, manages vendor relationships, and serves as a primary liaison between internal customers and external vendors. The role works with senior management in Wholesale Credit Risk and Commercial Lending on higher-risk properties and appraisal concerns. The position is scheduled for 40+ hours per week, Monday through Friday, 8 a.m. to 5 p.m., and works four days in the office. Other Citizens corporate locations may be considered if space is available.
Requirements
- 10 or more years of diversified commercial appraisal experience and/or appraisal review experience.
- Bachelor’s degree or greater.
- Certified General Real Estate Appraiser or equivalent appraisal experience.
- Thorough knowledge of real estate appraisal and valuation techniques and local, regional, and national real estate markets.
- Thorough understanding of USPAP, FIRREA, and the Interagency Appraisal and Evaluation Guidelines.
- Self-motivated and disciplined, with the ability to work autonomously with limited direct supervision.
- Excellent written and verbal communication skills.
- Strong analytical and organizational skills.
- Ability to work as a team player.
- Ability to manage numerous projects simultaneously.
- Flexibility and willingness to assume responsibilities for projects and tasks as assigned.
- Strong working knowledge of PCs; Word, Excel, and Access skills are preferred.
- Ability to demonstrate a customer-centric mindset, persistence and resilience when facing challenges, and a commitment to continuous learning.
Nice To Haves
- Maintain or be pursuing the MAI designation.
- MAI designation.
- Working knowledge of Microsoft Word, Excel, and Access.
Responsibilities
- Manage risks associated with the commercial real estate appraisal and evaluation process for an assigned geographic market and/or lending groups.
- Provide administrative supervision and required process oversight, as applicable, ensuring adherence to internal policies and procedures and regulatory and appraisal industry requirements.
- Identify and quantify real estate risk and provide consulting, including discounted cash flow (DCF) analysis, for commercial lending and credit functions.
- Perform independent commercial real estate appraisal reviews of high-complexity and high-risk properties and memorialize reviews in comprehensive written reports for internal customers.
- Assist with scoping and engaging commercial appraisal and evaluation assignments, including third-party vendor selection, analysis type, report content and format, and contract authorization.
- Interact with senior management in Wholesale Credit Risk and Commercial Lending regarding projects involving higher real estate risk or identified appraisal issues or concerns.
- Manage vendor relationships.
- Provide responsive customer service to external vendors and internal customers, including Relationship Managers, Portfolio Managers, and Credit Officers.
- Serve as the primary liaison and point of contact with internal customers and external vendors regarding regulatory requirements, concerns, and potential risk mitigants.
Benefits
- Competitive pay
- Comprehensive medical coverage
- Dental coverage
- Vision coverage
- Retirement benefits
- Maternity and paternity leave
- Flexible work arrangements
- Education reimbursement
- Wellness programs
- Paid time off exceeding mandatory paid sick or paid time-away policies in every local and state U.S. jurisdiction
- Opportunity to earn an annual discretionary bonus
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What This Job Offers
Job Type
Full-time
Career Level
Senior
