Senior Commercial Appraiser

About the Role:

Procures, engages, and reviews complex and non-complex commercial valuation products delivered to the bank to ensure compliance with USPAP, FIRREA, IAEG, and Columbia Bank policy. Communicates with partnering lines of business to address appraisal or collateral risk issues. Works closely with management to increase staff competency in all aspects of commercial appraisal. Assists in the mentoring of junior level staff. Provides subject matter expertise to address escalations and/or reconsiderations of appraisal concerns.

Participates in the development of commercial appraisal bank policy and guidelines.

• Procures bids and awards for commercial real estate appraisal vendor RFPs in the fulfillment of complex commercial valuation products utilized for the credit lending decision.
• Reviews incoming complex valuation products for credible methodology and compliance with SOW, USPAP, FIRREA, IAEG, and bank policy.
• Develops USPAP (compliance or technical) commercial appraisal and evaluation reviews to be utilized in the bank’s credit lending and/or portfolio management decisions.
• Assures compliance with Fair Lending Practices and Appraisal Independence.
• Provides subject matter expertise on complex commercial appraisal methodology and appraisal regulatory requirements. Ability to communicate these requirements as applicable to address valuation questions from line of business partners and/or auditors.
• May prepare FIRREA/USPAP compliant appraisals, appraisal validations, corrective appraisal reviews and/or evaluations for Columbia Bank.
• Assists Special Assets and Credit Quality with impairment analysis for real estate secured credits, as needed.
• Manage and prioritize work queue to meet turn-time deadlines. Triage workload with thoughtful consideration of loan level data. Meet or exceed review production goals in-line with department’s benchmarks.
• Maintains compliance with the department system of record and appraisal work file requirements
• Assist in the development of valuation solutions based upon subject expertise, representing the department at a broader level.
• Occasionally assist management with the overall operation of the valuation program and/or lead working group projects.
• Mentors junior level appraisers and encourages increased competency in all aspects of commercial valuation.
• Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
• Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
• Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
• May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
• Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words.
• Takes personal initiative and is a positive example for others to emulate.
• Embraces our vision to become "Business Bank of Choice"
• May perform other duties as assigned.

About You:

• Bachelor’s degree in business or related field or the equivalent in education and experience required.
• Active State Certified General License required
• 10+ years of relevant commercial appraisal review experience or combination of commercial appraisal review and appraisal field work required.
• Strong multi-state experience reviewing commercial real estate appraisals. Real estate property type specific expertise (Low Income Housing Tax Credit LIHTC, Special Purpose, etc.) and national review experience a plus
• Ability to obtain and maintain additional appraisal licensing in multi states upon business unit request.
• Sound judgement and strong analytical problem-solving skills, and business acumen.
• Advanced knowledge of appraisal policies, procedures, practices, and documentation.
• Excellent written and verbal communication.
• Ability to work at all levels of the organization and maintain mutually beneficial working…