New York State General Appraiser Certification License (Current and in Good Standing) required.
Minimum of 10 years as a Certified General Appraiser in the New York metropolitan area.
High degree of accuracy and exceptional attention to detail.
Strong analytical, written, and verbal skills with proficiency in local real estate.
Familiarity with various property types including office, retail, and multifamily.
Knowledge of real estate databases like RealQuest and CoStar is essential.
Bachelor's degree required.
Responsibilities
Conduct thorough reviews and analyses of appraisal reports for income-producing properties.
Ensure valuations comply with federal and state regulations and industry standards.
Opine on the reasonableness and reliability of received appraisal reports.
Review and communicate decisions on third-party appraisal acceptances.
Complete internal appraisals for loan underwriting decisions.
Conduct market research to support appraisal review conclusions.
Advise Loan Officers and Executive Management on valuation matters.
Benefits
Engage in regular communication with senior management and loan officers.
Opportunity to work on diverse property types in a dynamic market.
Access to a network of industry professionals and resources.
Potential for professional development and growth within the organization.
Full Job Description
Salary range: $125,000-$160,000, based on qualifications and experience. (On-site position)
Duties and Responsibilities/Results:
Conduct thorough reviews and analyses of completed appraisal reports of income-producing properties, including multifamily, office, mixed-use, and retail.
Ensure that valuations are reasonably supported, credible, and compliant with federal and state regulations, USPAP (Uniform Standards of Professional Appraisal Practice), FIRREA, bank policies and guidelines, and industry standards.
Opine on the overall reasonableness and reliability of the appraisal reports received.
Review, analyze, render, and communicate decisions regarding the acceptance of appraisals performed by third-party vendors.
Complete internal appraisal assignments for use in loan underwriting decisions.
Conduct market research and provide analytical support to strengthen appraisal review conclusions, presentations, and broader CRE monitoring efforts.
Engage in regular communication with and serve as an advisor to Loan Officers and Executive Management on appraisal and real estate valuation matters.
Engage fee appraisers to complete appraisal/valuation assignments and conduct property site inspections as needed.
All other duties, as assigned.
Required Qualifications:
New York State General Appraiser Certification License (Current and in Good Standing) is required.
Minimum of 10 years of recent experience as a New York State Certified General Appraiser, appraising and/or reviewing complex multifamily, mixed-use, and commercial properties in the New York metropolitan area.
Must demonstrate a high degree of accuracy and exceptional attention to detail.
Reviewer must have strong analytical, written, and verbal skills and be proficient with New York Metropolitan Area Real Estate.
Knowledgeable, experienced, and familiar with various property types, including office, retail, multifamily, and cooperatives throughout the New York Metropolitan Area.
Knowledge of commonly used real estate database sources, including RealQuest, Comps Inc., CoStar, and Multiple Listing Service (MLS), is a must.
Good organizational and management skills and ability to work independently.
Software proficiency in Microsoft Office Suite, Outlook and Teams.
Bachelor's degree is required.
Preferred Qualifications:
Ability to solve problems involving multiple facets and variables in non-standardized situations.
Ability to manage time efficiently to meet strict deadlines.
Appraisal Review experience within a regulated financial institution is preferred
MAI or AI-GRS (Review) Designation is a plus.
A degree in Accounting, Finance, Economics, or a related field is preferred.
