Appraiser - Commercial

Position: Staff Appraiser - Commercial
Responsibilities include but are not limited to:

* Maintain contact with various departments to resolve problems relative to requests for appraisal work.

* Monitor and evaluate the impact of changes in the commercial appraisal profession and recommend changes in official Valley National Bank Appraisal policies and procedures as appropriate.

* Responsible for processing appraisal requests and customer billing to ensure that the skill level of outside fee appraisers is sufficient and that the fee quotes are reasonable.

* Review appraisals to ensure that the methodology, market data and analysis are reasonable and that the report conforms to USPAP and Valley National Bank standards.

* Travel to properties for primary inspections as well as Field Construction Inspections.

* Search, Set-up and review of new appraisal firms for FF-E and Business Valuations for new territories which the bank has expanded into.

* Make specific recommendations for the addition of Commercial and Special-Use Property Appraisers to Valley National Bank's Approved Appraiser List.

* Perform appraisals for various departments within the bank, including the commercial loan department for Quality Control Purposes and validation of samples. These appraisals are performed monthly on a sample group of closed loans to meet underwriting guidelines.

* Review quality control appraisals performed by outside appraisal firms to the results of the original appraisals and track results.

* Review environmental reports to ensure that the methodology, market data and analysis are reasonable and that the report conforms to ASTM and Valley National Bank standards.

Required Skills:

* Intermediate PC skills including email, Microsoft Word, Excel and lease analysis software such as Argus, Project and Dyna Lease.

* Knowledge of USPAP, Interagency Appraisal guidelines, OCC and HVCC guidelines and regulations pertaining to Commercial Real Estate appraisals.

* Excellent verbal and written communication skills.

* Ability to prioritize and organize assignments.

* Ability to independently conduct market analysis.

Required Experience:

* High School diploma or GED and a minimum of three years' experience in appraising commercial and special-use properties.

* State Certified General Real Estate Appraiser License and valid driver's license.

* Bachelor's Degree (B.

A.) from four-year college or university preferred.