Job Description

Appraisal Specialist

The Appraisal Specialist analyzes appraisals and performs market evaluations to support and facilitate safe and sound real estate-secured credit decisions. This position manages multiple systems and applications used for the administration of appraisals and other valuation reports.

Essential duties and responsibilities include:

• Perform in-house real estate evaluations in narrative form by providing an estimate of the property's market value, including appropriate approaches, as applicable.
• Perform appraisal reviews to determine whether the methods, assumptions and value conclusions are reasonable and that the appraisal contains sufficient information to support a credit decision.
• The appraisal review will also determine that the appraisal complies with regulations and supervisory guidelines as well as bank policy.
• Communicate any deficiencies of an appraisal to the appraiser and follow for corrections, as applicable.
• Become knowledgeable of and actively use the RIMS appraisal management system.
• For in-house evaluations, perform visual inspection of subject property (exterior only) and document narrative with pictures of property.
• Mail valuation reports in accordance with Regulation B.
• Adhere to and maintain compliance with local, state, and federal regulatory guidelines.
• Completes required BSA/AML training and other compliance training as assigned.
• The ability to work in a constant state of alertness and in a safe manner.
• Perform any other related duties as required or assigned.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and experience:

Knowledge of a specialized field (however acquired), such as basic accounting, computer, etc. Equivalent of four years in high school, plus night, trade extension, or correspondence school specialized training, equal to two years of college, plus 2 years related experience and/or training, or equivalent combination of education and experience.

Communication skills:

Ability to write reports, business correspondence, and policy/procedure manuals; Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Mathematical skills:

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.

Critical thinking skills:

Ability to utilize common sense understanding in order to carry out written, oral or diagrammed instructions. Ability to deal with problems involving several known variables in situations of a routine nature.

Software skills required:

Advanced: 10-Key, Word Processing/Typing

Intermediate: Spreadsheet

Basic: Alphanumeric Data Entry, Database

Working conditions:

Periodically exposed to such elements as noise, intermittent standing, walking, pushing, carrying, or lifting; but none are present to the extent of being disagreeable.

Environmental conditions:

While performing the functions of this job, the employee is occasionally exposed to outdoor weather conditions. The noise level in the work environment is usually moderate.

Physical activities:

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations. Semi-repetitive, low physical. Semi-repetitive type work which requires periods of concentration for varied time cycles as prescribed by the tasks. While performing the functions of this job, the employee is regularly required to sit, talk or hear; occasionally required to stand, walk. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision; and distance vision.

Additional information:

Experience with real estate values preferred, such as realtor training or appraisal training. Some overtime required. Occasional outside bank-related activities. The position requires the use of a personal or business vehicle. Therefore, you will be subject to additional pre- and post-employment screenings as permitted by law.

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