What are the responsibilities and job description for the SENIOR APPRAISAL REVIEWER position at Careers at Stock Yards Bank & Trust Co.?
The Senior Appraisal Reviewer is responsible for evaluating commercial real estate appraisals to ensure accuracy, compliance with regulatory standards, and alignment with bank policies. This role involves reviewing valuation reports, analyzing real estate trends, internal appraisal metrics, and providing risk assessments for commercial loan decisions. The ideal candidate has extensive experience in commercial real estate valuation, appraisal review, and regulatory compliance within the banking or financial services industry.
Responsibilities
Daily responsibilities include, but are not limited to, the following:
- Engage and manage relationships with external appraisers, ensuring adherence to bank requirements and regulatory guidelines
- Conduct and prepare thorough review reports of commercial real estate appraisals to ensure accuracy, reasonableness, and compliance with USPAP (Uniform Standards of Professional Appraisal Practice), FIRREA (Financial Institutions Reform, Recovery, and Enforcement Act), and bank policies
- Assess the credibility of valuation methodologies, market assumptions, and comparable property selections
- Identify inconsistencies, deficiencies, or biases in appraisal reports and provide recommendations for corrections or reconsideration.
- Collaborate with commercial lenders, credit officers, and risk management teams to support sound lending decisions.
- Monitor commercial real estate market trends, property value fluctuations, and economic conditions affecting valuations.
- Prepare appraisal department internal metrics reporting
- Participate in audits, regulatory examinations, and internal policy development related to commercial real estate valuations
- Work with Loan Officers on appraisal requirements for regulatory and internal bank guidelines as requested.
- Train bankers and staff on appraisal policy and procedures, valuation methodology, evaluations, risk factors, and appraisal review.
- Prepare and update the bank on market statistics and guidance.
- Develop workflows within Appraisal ordering software to streamline processes and create efficiencies
Job Requirements
The successful candidate will have the following qualifications:
-
Bachelor’s degree in Real Estate, Finance, Business, or a related field
- MAI designation for the Appraisal Institute preferred
- Minimum of 5-7 years of experience in commercial real estate appraisal, review, or valuation (within a banking or financial institution preferred)
- Strong knowledge of USPAP, FIRREA, and commercial real estate valuation techniques
- Excellent analytical skills with the ability to assess complex financial and market data
- Strong attention to detail, problem-solving abilities, and risk assessment expertise
- Effective communication and report-writing skills to present findings to stakeholders
- Proficiency in appraisal review software, Microsoft Office Suite, and financial modeling tools
- Efficiently manage time in order to meet demands of a fast-paced environment and deadlines
- Work well under pressure of multiple tasks and adjust to varied workload
- Certified General Appraiser strongly preferred
Benefits
- 401(k) with a company match of up to 6%
- ESOP employer match
- Medical insurance
- Dental insurance
- Vision insurance
- Cancer / Disease insurance
- Accident insurance
- Flexible Spending Accounts
- Health Savings Accounts
- Bank paid Life / AD& D insurance
- Voluntary Life / AD&D insurance
- Bank paid Short-Term and Long-Term Disability insurance
- Employee Stock Purchase Plan
- Employee Assistance Program
Physical Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This position requires sitting the majority of the time with limited walking and standing. All work occurs indoors and within regular working hours. The noise level in the work environment is usually moderate.
