Salary Range:
$85,400.00 - $140,900.00
(Depending on knowledge, skills, abilities and location. Certain level jobs may be eligible for bonus, commission, and/or equity awards.)
Posting Date:
November 14, 2024
This job will be open and accepting applications for a minimum of three days from the date it was posted.
Benefits worth writing home about:
Medical, dental, and vision coverage for employees and their families
Life, disability and family Leave
401(k) and Roth 401(k) with employer match
Wellness program, employee assistance program, "Commute Trip Reduction" (CTR) and various employee discounts
Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service work
Free employee checking account and employee home loan discounts
For eligible employees averaging 20 or more hours per week.
EO/AA Employer including Vets and Disabled.
Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements.
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Job Description Summary:
This position is primarily responsible for managing the full valuation lifecycle, or order engagement through appraisal review processes for delegated assignments within the Commercial Appraisal Department and involving a broad range of commercial real estate and residential construction properties. With some supervision, the candidate must be able to identify the necessary scope of work for each request to ensure that the proper valuation service is engaged, as well as identify, vet and engage competent valuation service providers for each property. The candidate must be able to determine and manage compliance with the minimum appraisal standards of Title XI of FIRREA, the Interagency Appraisal and Evaluation Guidelines (IAEGs), USPAP, Bank requirements and other various lending programs. This involves working closely with all commercial lending units and the Credit Administration/ Special Assets departments to ensure that the appraisal function: (1) supports the Bank's ability to provide superior customer service and achieve service level agreements; (2) help the Bank maintain desired levels of credit risk; and (3) meet regulatory requirements.
Job Details:
ESSENTIAL FUNCTIONS:
Ability to independently work with lending partners to identify and define the scope of work necessary to produce credible and compliant results, including the selection, coaching and engagement of valuation professionals to complete each assignment.
Ability to perform valuation reviews of all predominate commercial and residential construction property types. The review function includes analysis of valuation reports including: completeness, accuracy, adequacy, relevance, reasonableness, and compliance with regulatory, Bank and investor appraisal requirements.
Support a solution-focused and risk-based approach to the valuation process, including proficiency, or the ability to gain proficiency, in understanding credit structure and in the context of collateral risk analysis.
Effectively perform collateral risk assessment analysis during the review process, and with specific consideration for the property type and credit action.
Effectively communicate with department staff, lending partners and valuation service providers, including the ability to resolve conflict during the valuation process lifecycle.
Communicate with fee appraisers in the
