What are the responsibilities and job description for the Sr. Associate, Real Estate Valuations position at Bayview Asset Management?
Job Description
Overview
ABOUT US :
Founded in 1993, Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets.
POSITION SUMMARY :
The Sr. Associate, Valuations will provide internal evaluations to support internal decision-making processes for various commercial real estate and lending related business lines. This will include communication with internal management, internal clients, third-party vendors as well as various other market participants like real estate brokers, property managers, and leasing agents. A thorough understanding of real estate valuation concepts and techniques, loan underwriting skills, strong research and analytical skills, and good communication skills are necessary.
RESPONSIBILITIES :
- Perform internal evaluations on various types of commercial real estate of all sizes, but mainly on assets greater than $10MM. Assets are mainly domestic real estate, but some components are international.
- Formulate and present a well-researched opinion of value on real estate collateral and opine on loan and asset risks.
- Conduct market research by contacting and having verbal discussions with real estate brokers, property managers, and leasing agents.
- Prepare internal evaluations on CMBS assets and present opinion to credit committee for discussion. Most evaluations need to be completed in compressed time periods ranging from two to four hours.
- Conduct periodic loan surveillance on assets held in our portfolio; evaluate loan and asset risks and report to management.
- Evaluate appraisals for accuracy, reasonableness, compliance with our policies and procedures and underwriting guidelines. Collect feedback from our Underwriting team about appraisal and communicate with third-party appraisers to resolve deficiencies and maintain an audit trail of communication and revisions.
- Rate performance of vendors to support recommendation for continuation of use on the approved appraiser and broker panel.
- Perform internal evaluations on some residential 1-4 property types both domestic and international.
- Conduct property site inspections, as needed.
- Remain current on applicable appraisal regulations, guidelines, and industry standards.
- Perform other duties as needed or assigned.
QUALIFICATIONS :
SKILLS :
CERTIFICATIONS, LICENSES, AND / OR REGISTRATION
LOCATION & COMPENSATION :
PHYSICAL DEMANDS AND WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reach with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and / or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus.
EEOC
Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
Salary : $120,000 - $150,000
