Job DescriptionThe
Commercial Review Appraiser is responsible for the independent review and analysis of externally prepared commercial real estate appraisal reports to support safe and sound credit decisions. This role ensures that appraisals used by the Bank are well-supported, methodologically sound, and fully compliant with all applicable regulatory and Bank-specific standards. The Commercial Review Appraiser serves as a key risk management partner and acts as a primary liaison between Rockland Trust and third-party valuation providers. Works remote with ability to be in Brockton, MA 4 times a year for team meetings.
Responsibilities
- Perform comprehensive reviews of externally prepared commercial and investment residential appraisal reports and prepare written USPAP Standard 3 Appraisal Review Reports.
- Assess the reasonableness, credibility, and supportability of appraisal assumptions, methodologies, market data, and conclusions of value.
- Ensure appraisal reports comply with USPAP, FIRREA, Interagency Appraisal and Evaluation Guidelines, and Rockland Trust's supplemental appraisal standards and policies.
- Identify appraisal deficiencies, valuation risks, and potential concerns; clearly document findings and recommendations for credit and risk management stakeholders.
- Act as a liaison between the Bank and third-party appraisers and valuation firms, facilitating communication, resolving report deficiencies, and addressing valuation disputes in a professional and timely manner.
- Assist Commercial Loan Officers, Credit Administration, and other internal partners by explaining appraisal concepts, valuation methodologies, and market conditions in a clear and practical manner.
- Perform internal Restricted Appraisal Reports or evaluations as assigned, in accordance with regulatory guidance and Bank policy.
- Maintain and contribute to an internal database of comparable sales, leases, capitalization rates, and market trends across New England commercial real estate markets.
- Stay current on regulatory requirements, appraisal standards, and market conditions affecting commercial real estate valuation.
- Support continuous improvement of appraisal review processes and contribute to a strong culture of risk management, professionalism, and mutual respect.
Qualifications
- Certified General Real Estate Appraiser license in Massachusetts and/or Rhode Island; valid driver's license required.
- Minimum of five (5) years of experience as a commercial fee appraiser or commercial review appraiser within an institutional or banking environment highly preferred
- Strong working knowledge of New England commercial real estate markets, including office, retail, industrial, multifamily, mixed-use, and special-use properties.
- Solid understanding of commercial appraisal methodologies, market analysis, highest and best use, income capitalization, and sales comparison approaches.
- Familiarity with LIHTC developments and residential and commercial construction projects is preferred.
- Excellent written and verbal communication skills, with the ability to clearly document complex valuation issues and exercise sound professional judgment in a regulated financial services environment.
- Demonstrated ability to prioritize and manage multiple assignments, meet tight deadlines, and maintain accuracy and professionalism under pressure.
- Collaborative mindset and commitment to the core values of Rockland Trust, including integrity, respect, and accountability.
Benefits & Culture Our goal is to offer our colleagues the most generous benefits package possible. We provide a comprehensive suite of benefits designed to support your health, financial security, and overall, well-being. Benefits include: competitive compensation with performance-based incentive awards, health and dental insurance, a 401(k) and DC retirement plan, LTD and life insurance, paid vacation, day care reimbursement, tuition assistance for undergraduate and graduate programs, an award-winning wellness program, and much more!
At Rockland Trust, you'll find a respectful and inclusive environment where everyone has the opportunity to succeed.
