Job Description:Orders and reviews appraisals and evaluations used for commercial real estate lending and provides appraisal and consulting services to all lines of business and transaction-specific professional guidance. Specific responsibilities include, but are not limited to, scoping requests for services, bidding process, award process, managing external suppliers and appraisal review. Additional responsibilities may include client team training; supervisory responsibilities, including management of procurement or review teams; and/or management of external reviewers.
Evaluates valuation requests for policy/regulatory compliance:- Develops vendor statements of work for each order
- Selects prequalified vendors and distributes RFPs
- Executes award and monitors vendor performance
- Reviews reports for contract compliance; grades performance
- Performs quality assurance (detailed) reviews
- Invoice preprocessing and validation
- 1st -level business and vendor dispute resolution (e.g. vendor selection, utilization frequency, invoicing, etc.)
Required Skills:- Active State-Certified General Real Estate Appraisal Credential
- 5+ years commercial real estate appraisal experience
- Intermediate proficiency in the use of the following software applications: Argus and/or Rockport Val, (cash flow software), Microsoft Excel (spreadsheet).
- Basic proficiency in other department programs including: Microsoft Word (word processing)
- An in-depth working knowledge of valuation theory and methodology for commercial and residential appraisals
- Able to write concise technical opinions in language comprehensible to expert and layman alike
- Able to work independently in a remote setting
- Commercial appraisal review experience for federally-regulated banking institution or equivalent highly preferred
- Able to adapt to new technology and changes to recognized valuation methods and techniques
Desired Skills:- 2+ years commercial appraisal review experience for federally regulated banking institution or equivalent
- MAI designation
- Bachelor's degree (financial degree or equivalent)
Shift:1st shift (United States of America)
Hours Per Week: 40
Pay Transparency detailsUS - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)
Pay and benefits information
Pay range
$90,400.00 - $156,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.