Sr Staff Appraiser/Team Leader

Valley Bank•Wayne, NJ

About The Position

This role involves supervising commercial and residential review appraisal staff, assisting the Department Manager, and implementing appraisal guidelines and policies. The position requires maintaining contact with various departments to monitor appraisal pipelines, resolving related issues, and managing the list of approved appraisers for commercial and residential properties, as well as business and FF-E valuations. The Sr Staff Appraiser/Team Leader will also bid appraisal jobs to outside firms, ensure reasonable turnaround times, oversee the skill level and fee quotes of external appraisers, and review appraisals for compliance with USPAP and Valley National Bank standards. Additionally, this role directs administrative personnel in processing appraisal requests, maintaining files, and may involve travel for property inspections and fieldwork. The position also assists in implementing new technology and software for the appraisal department and prepares performance appraisals for staff members.

Requirements

PC Computer Skills - Microsoft Word, Excel and lease analysis software such as Argus, Project and DynaLease.
Knowledge of USPAP, FIRREA, OCC, HVCC and FNMA /FHLMC guidelines and regulations pertaining to Real Estate appraisals.
Excellent verbal and written communication skills.
Ability to prioritize and organize assignments.
High School Diploma or GED and a minimum of five years of experience in appraising commercial, industrial and special use properties.
A qualified candidate should have successfully completed Appraisal Institute courses through Capitalization A - B.
Must be affiliated with a major appraisal organization such as the Appraisal Institute, Independent Fee Appraisers or American Society of Appraisers.
State Certified General Real Estate Appraiser.

Nice To Haves

Bachelor's degree (B. A.) from four-year college or university preferred.

Responsibilities

Supervise commercial and residential review appraisal staff.
Assistant to Department Manager in all responsibilities, specifically when the Department Manager is not in the office.
Assist in the implementation and administration of Appraisal Guidelines, policies and procedures for residential and commercial appraisals.
Maintain contact with various departments to monitor the pipeline of appraisals and resolve problems relative to requests and review of appraisals.
Maintain and expand list of approved appraisers for commercial and residential properties, as well as for business and FF-E valuations within all regions served by Valley National Bank or its affiliates.
Bid appraisal jobs to outside appraisal firms and engaging them to perform the assignments for Valley National Bank as well as assuring a reasonable turn around time for completion.
Oversee appraisal requests to ensure that the skill level outside fee appraisers is sufficient and that the fee quotes are reasonable.
Review appraisals to insure that the methodology, market data and analyses are reasonable and that the reports conform to USPAP and Valley National Bank standards.
Direct administrative personnel relating to the processing and tracking of appraisal requests and maintaining appraisal files.
Travel to properties for appraisal inspections and related fieldwork as needed.
Assist in the implementation of new technology and software applicable to the appraisal department.
Prepare performance appraisals for staff members.