Commercial Appraiser - Real Estate Risk Sr. Officer - SVP

Commercial Appraiser - Real Estate Risk Sr. Officer - SVP

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.

Job Overview

Perform critical reviews of externally prepared commercial appraisals to ensure that the value conclusions are credible and that the reports are in compliance with all necessary requirements. Responsible for managing the review process. Contract with vendors; manage vendors to on-time delivery and quality product; and maintain the timely status of each assignment on a common job tracking system. Participate in the review of portfolios. On occasion may lead an ad hoc team for valuation due diligence or a special project; prepare market studies; provide market intelligence to the lenders on a specific deal; prepare internal appraisals; perform sensitivity analyses for property cash flow projections; and evaluate the feasibility of a complex investment. Resolve any issues that are not compliant with Citibank policies or conclusions that are not reasonable. Advise risk managers in addressing complex real estate issues. Objectively provide risk managers with a balanced view of the risk associated with a given property. Opportunity to work with a wide variety of property types across the US ranging from small, single properties to large portfolios.

Minimum of 10+ years of appraisal experience with at least 3 years in a lending institution. Should have Bachelor's degree and may have advanced degrees. Must have completed and passed all Appraisal Institute classes necessary for the MAl designation, or equivalent education. Must be a state Certified General Appraiser. Have outstanding breadth and depth of commercial appraisal expertise that includes all major property types (office, retail, industrial, multifamily) and special purpose properties (self storage, hotels, assisted living, C-stores / gas stations, etc.) as well as affordable multifamily housing. Must have a strong sense of the characteristics affecting value. Highly productive and efficient as a reviewer. Work autonomously and require little direction for single properties as large as $100MM+ in value.

Would be considered a Subject Matter Expert for commercial appraisal. Proficient computer skills for MS Office. Outstanding proficiency in Argus and Rockport VAL DCF software and MS Excel. Must have a comprehensive understanding of USPAP. Must have a good understanding of FIRREA and all other subsequent Regulatory Policies concerning appraisals. Good understanding of Freddie Mac, Fannie Mae, and SBA appraisal requirements is a plus. Outstanding analytical skills. Strong interpersonal skills. Work well under pressure and multi-task. Outstanding organization and management skills. Must have strong verbal and written communication skills. Capable of being effective in decision making and outstanding problem-solving skills. Sustain good relationships with internal clients and vendors.