Senior Commercial Real Estate Valuation Specialist

This position works in conjunction with the Commercial Real Estate Administration team on commercial loan real estate due diligence which includes appraisal engagement, appraisal review, and evaluation preparation and review. 

 

Primary Duties:

Senior Specialist designated duties:

• Serves as a senior team member by providing mentorship to less experienced staff.
  • Assists with more complex transactions and with addressing more complex questions both from within the team but also from Bankers, CLCs, Legal, etc.
  • Provide training on one-off transactions with less experienced team members.
• May act as workflow coordinator which includes:
  • Monitoring incoming requests;
  • Reviewing incoming requests for deficiencies prior to assignment;
  • Assigning to appropriate team member.
• Assist in the development and maintenance of department procedures to ensure team members have adequate tools in place to perform their day-to-day job functions.
• Provide input with regards to process and/or the variety of projects the Commercial Real Estate Administration team may be working to address.
  • Assists with updating or developing new procedures in support of projects.
  • Provides training to other team members relative to process change or changes related to the project.

Appraisal related duties:

• Request appraisal bids from appropriate appraisers by first assessing property type, location, etc.
• Appraisal engagement.
• Perform review of appraisal to ensure accuracy and validity of report; reviews may be from very simple to quite complex.
• Understand and adhere to appraisal requirements as it relates to appraisal compliance and adherence to FIRREA.
• Communicate appraisal results with Bankers including discussion of appraisal issues identified by the Banker.
• Consult with appraisers on issues relating to the request for information to include legal description, plat maps, sketches, building plans, purchase agreements, and financial information.

 

Evaluation related duties:

• For commercial real estate loan transactions that do not require a certified appraisal, complete and document a valuation supported by market data; evaluations may range to very simple to quite complex.
• May, from time to time, assist the Commercial Real Estate Administration Valuations Manager by performing the second review of the internally prepared evaluations.
• Use tools and resources available to research market data.

 

General:

• Know by name and face as many customers and employees as possible, calling them by name as often as possible.
• Know and practice LOCBUTN, our Golden Rules, and Bell Bank Customer Service Standards.
• Know, understand, and live the company values and bottom line.
• Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations.
• All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
• Prompt and reliable attendance.
• Perform other duties as assigned.

Job Skills Required:

• A or B.S in Business Administration, Finance, Accounting or related business field or equivalent combination of education and experience.
• Minimum of 5 years of banking experience in commercial credit, lending, and/or commercial real estate administration.
• Prior appraisal experience with thorough knowledge of USPAP and FIRREA.
• High attention to detail with an ability to multitask and perform a variety of tasks.
• Excellent written and verbal communication skills with the ability to communicate with both internal and external staff.
• Proficiency with computer technology.
• Effective time management and organizational skills.