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Senior Real Estate Appraiser
Senior Real Estate AppraiserCommerce Bank • Philadelphia, PA, US
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Senior Real Estate Appraiser

Senior Real Estate Appraiser

Commerce Bank • Philadelphia, PA, US
30+ days ago
Job type
  • Full-time
Job description

Senior Real Estate Appraiser

The main purpose of this job is to participate in-depth underwriting discussions with lenders and senior credit management regarding real estate taken as collateral. This role experiences high volumes of production and is held to a variety of service level agreements to ensure our sales force holds a competitive advantage in the market place.

Essential Functions

  • Bid, order, and review commercial real estate appraisals on commercial and residential loans
  • Review complex appraisals to ensure regulatory and bank policy compliance acceptability of methodology, and mitigate real estate value risks
  • Render opinions on the quality and reliability of new and existing file appraisals per policy guidelines and provide opinions as to the quality and marketability of loan collateral
  • Support in maintaining bank databases on property transactions and trends
  • Assist in underwriting environmental due diligence for commercial loans
  • Ensure compliance with regulatory requirements and bank policy
  • Partner with lenders and credit managers in order to provide high-quality consultation for informed and prudent loan decisions
  • Assist and support Appraisal Review Group department manager and Chief Appraiser as needed
  • May provide leadership to less experienced real estate associates in the workgroup
  • Perform other duties as assigned

Knowledge, Skills & Abilities Required

  • Comprehensive knowledge of commercial real estate appraisal practices and techniques
  • Knowledge of bank regulatory requirements strongly preferred
  • Familiarity with environmental risks, regulations and site assessment reports preferred
  • Ability to maintain a high level of confidentiality
  • Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
  • Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills
  • Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
  • Intermediate level proficiency with Microsoft Word, Excel, Teams and Outlook
  • Education & Experience

  • Bachelor's degree in Business, Accounting, or Finance, or equivalent combination of education and experience required
  • 7+ years' experience in the valuation of commercial real estate required
  • State General Appraiser Certification required (MO, KS, IL, TX, or CO preferred)
  • Prior bank appraisal review experience strongly preferred
  • Member Appraisal Institute (MAI), real estate designations, or Appraisal Institute Advanced Associate (AIAA) with all coursework completed preferred
  • Compensation Range

    Annual Salary : $88,000.00 - $103,950.00 (Amount based on relevant experience, skills, and competencies.)

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    Senior Appraiser • Philadelphia, PA, US

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