Job Description
Commercial Real Estate Review Appraiser
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Job Overview
Responsibilities:
- Perform critical reviews of externally prepared commercial appraisals to ensure that the value conclusions are credible and that the reports are in compliance with all necessary requirements.
- Primary area of responsibility is midwestern US. Report to Regional Appraisal Manager for the southeastern/midwestern regions.
- Responsible for managing the review process.
- Contract with vendors; manage vendors to on-time delivery and quality product; and maintain the timely status of each assignment on a common job tracking system.
- Participate in the review of portfolios.
- On occasion may lead an ad hoc team for valuation due diligence or a special project; prepare market studies; provide market intelligence to the lenders on a specific deal; prepare internal appraisals; perform sensitivity analyses for property cash flow projections; and evaluate the feasibility of a complex investment.
- Resolve any issues that are not compliant with Citibank policies or conclusions that are not reasonable. Advise risk managers in addressing complex real estate issues.
- Objectively provide risk managers with a balanced view of the risk associated with a given property.
- Opportunity to work with a wide variety of property types across the US ranging from small, single properties to large portfolios.
Qualifications:
- Minimum of 10+ years of appraisal experience, preferably with at least 3 years in a lending institution.
- Should have Bachelor's degree and may have advanced degrees.
- Must have completed and passed all Appraisal Institute classes necessary for the MAl designation, or equivalent education.
- Must be a state Certified General Appraiser.
- Have outstanding breadth and depth of commercial appraisal expertise that includes all major property types (office, retail, industrial, multifamily) and special purpose properties (self storage, hotels, assisted living, C-stores/gas stations, etc.) as well as affordable multifamily housing. Must have a strong sense of the characteristics affecting value.
- Highly productive and efficient as a reviewer. Work autonomously and require little direction for single properties as large as $100MM+ in value.
- Would be considered a Subject Matter Expert for commercial appraisal.
- Proficient computer skills for MS Office. Outstanding proficiency in Argus and Rockport VAL DCF software and MS Excel.
- Must have a comprehensive understanding of USPAP.
- Must have a good understanding of FIRREA and all other subsequent Regulatory Policies concerning appraisals.
- Good understanding of Freddie Mac, Fannie Mae, and SBA appraisal requirements is a plus. Outstanding analytical skills.
- Strong interpersonal skills.
- Work well under pressure and multi-task.
- Outstanding organization and management skills. Must have strong verbal and written communication skills.
- Capable of being effective in decision making and outstanding problem-solving skills.
- Sustain good relationships with internal clients and vendors.
Education:
- Bachelor's/University degree, Master's degree preferred
Citi
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