What are the responsibilities and job description for the Bank Real Estate Valuation Specialist position at Availa Bank?
Description
EEO Employer
Availa Bank believes our people make a difference and we recognize that individual differences and experiences strengthen our teams. Each member of our team is empowered to inspire and enable our clients and the communities we serve to achieve financial success. Click the Apply link to find out more.
REAL ESTATE VALUATION SPECIALIST POSITION SUMMARY
The Real Estate Valuation Specialist supports directives and initiatives of the commercial and residential lending teams by validating real estate collateral values received through appraisals or internal evaluations. This position works in coordination with all departments of the Bank to provide oversight and management of all aspects of real estate collateral inspections, valuations, and ensures compliance to loan policy as outlined by the Bank.
** This position is not remote and will work in one of the following Availa Bank branches (applicant choice): Ames, IA, Ankeny, IA, Council Bluffs, IA - Downtown or Bennett, or Johnston, IA.**
BENEFITS
Availa Bank offers a rich selection of benefits you can personalize to support you and your family’s needs.
Benefits may include:
- Medical, Dental & Vision Plans
- Option for Health Savings Account (HSA)
- Life Insurance (Company paid for employee)
- 401K and Employee Stock Ownership Plan (ESOP)
- Company Paid Short & Long Term Disability Insurance
- Flexible Spending Account (FSA) & Dependent Care
- Eligibility for Tuition Assistance and Discounts
- Employee Assistance Program (EAP)
Requirements
REAL ESTATE VALUATION SPECIALIST ESSENTIAL DUTIES AND ACCOUNTABILITIES
- Select appraisers for loan transactions.
- Order the appropriate, risk-based, type of appraisals and environmental reports while minimizing cost to maintain competitiveness.
- Act as a liaison between relationship managers and appraisers/environmental consultants.
- Consult with appraisers and environmental consultants on issues relating to the request for information and corrective/disciplinary action.
- Maintain the bank’s approved appraiser and environmental consultant lists. Make recommendations for the addition or deletion of appraisers or environmental consultants.
- Consult with relationship managers on all appraisal and environmental issues.
- Recommend appropriate action on findings in appraisal and environmental reports. Ensure the recommended corrections are completed within the specified timeframes.
- Educate relationship managers on appraisal/environmental issues and any change in regulations.
- Review all appraisals as required to maintain compliance with regulatory and bank requirements.
- Review all environmental reports to ensure compliance with bank policy and summarize all recommendations by the environmental consultants to the relationship manager for action and proper remediation.
- Manage the reporting requirements on a daily, monthly, quarterly, and annual basis.
- Render decisions regarding those appraisals/environmental reports which may be exceptions to bank policy and refer them to the proper authority.
- Complete and update appraisal and environmental procedures in approved bank policy. Inform bank personnel of regulatory changes as appropriate.
REAL ESTATE VALUATION SPECIALIST QUALIFICATIONS
Education
- Associates degree required, Bachelor’s degree in Finance/Business Administration or related field preferred or an equivalent of combined education and relevant work experience
Experience
- Strong knowledge of real estate or credit analysis preferred
Other Skills and Abilities
- Strong math skills; add, subtract, multiply and divide in all units of measure.
- Working knowledge of Word, Excel, and Adobe.
- Must have knowledge of the concepts, objectives, tools, and methods used in collateral valuation and ability to implement and develop strategies for risk control.
- Exceptional oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, understand procedures, write reports and correspondence, and speak clearly to customers and employees.
- Exceptional organizational and time management skills; ability to function independently in a fast-paced environment.
- Maintain a complete understanding of regulatory and compliance policies and procedures.
- Travel to/from and work in multiple locations including locations to perform collateral inspections, as needed.
- Must have a valid driver’s license and reliable transportation.
PM21
