Commercial Appraisal Valuation Officer

Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. 

 

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance.  401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.  We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

We are currently seeking a Commercial Appraisal Review Officer that will review commercial real estate appraisals and  produce restricted appraisals (internal evaluations).  The appraisal review process will be performed in conformance with Standards 3 and 4 of the Uniform Standards of Professional Appraisal Practice (USPAP).  Restricted appraisal reports will conform with Standards 1 and 2 of USPAP.  This position requires being knowledgeable of the Interagency Appraisal and Evaluation Guidelines (IAEG), USPAP and ONB Guidelines and Procedures.  Further, it requires general real estate industry knowledge across various commercial property classes.  A Commercial Appraisal Review Officer is expected to be self-directed, goal oriented (meeting/exceeding production/volume), capable of making quick, independent (limited oversight) decisions with a focus on meeting client expectations in a fast-paced work environment.    

 

Your office can be anywhere throughout our footprint in the Midwest. We require candidates who possess certified general appraisal licenses in IL, IN, WI, MI, MN, KY, ND and TN. The MAI designation is preferred.  

 

Salary Range

The annual salary range for this position is $80,000-$165,100 plus incentive bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

 

Position may be filled at a Senior role, depending on the skills and qualifications of the candidate

    

Key Accountabilities

Review Commercial Appraisal Reports:

• Complete appraisal reviews in compliance with USPAP Standards 3 and 4 while recognizing appropriate appraisal methodology and techniques
• Opine on the completeness, accuracy, adequacy, relevance and reasonableness of appraisals
• Understand industry nuances between property types and knowledge across asset classes

Complete Internal Evaluations (Restricted Appraisal Reports):

• Complete restricted appraisal reports in compliance with USPAP Standards 1 and 2.
• Understand various property types and classes
• Review and analyze all current documentation relevant to the appraisal process including leases, operating history, contracts, easements, surveys, etc.
• Recognize and apply appropriate appraisal methodology and techniques

Provide Real Estate Consultation and Manage Internal Client Relationships:

• Consult with internal clients on real estate appraisal methodology and techniques
• Provide guidance related to the IAEGs, USPAP and ONB Guidelines and Procedures
• Operate independently and solve problems using independent judgement/discretion with limited oversight
• Provide clear and concise communications to vendors and internal clients

Continue Education and Maintain Required Licensure:

• Maintain appropriate real estate licensure within ONB’s traditional footprint
• Enhance knowledge through continuing education; particularly, on relevant and emerging real estate topics
• Pursue educational opportunities as part of a professional development plan

Key Competencies for Position

Culture Leadership: 

• Communication – effectively shar