Job Summary
The Sr. Vice President, Valuation is responsible for independently preparing market value appraisals for commercial real estate and other properties, preparing appraisal reports, keeping up to date on real estate market, and mentoring trainees. Decisions are made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. The Sr. Vice President, Valuation is responsible for developing and maintaining client relationships as well as mentoring and training Associate Appraisers and/or Trainees.
Essential Functions
- Develop business and source jobs including bidding, delivery timing and fee quotes
- Produce and authorize letters of engagement or contracts
- Fully develop valuation analysis, conclusions and appraisal reports
- Inspect properties and gather data from property stakeholders
- Complete appraisals including area descriptions, market analysis, site description and improvement descriptions
- Research, analyze, and report findings of regional and local area economic profiles including employment, population, household income, existing real estate market conditions, as well as identifying and reporting on development trends for the real estate market
- Investigate and gather data for estimating the value of real estate, including but not limited to comparable data (land sales, lease and sale comparables), market statistics including vacancy, absorption, and other supply/demand factors, zoning ordinances and their applicability to the subject, tax and assessment data
- Produce high quality reports accurately and on time
- Manage billing and collection of Appraisal Fees due for appraisals conducted
- Identify and resolve issues related to appraisals as they arise
- Provide informal assistance such as technical guidance, and/or training/mentorship to peers and less experienced Appraisers
- Stay current and up to date on market and economic conditions
- Develop and maintain industry and relevant professional relationships and partnerships
Other Functions
- Perform other duties or projects as requested or required
Essential QualificationsTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the competencies (minimum knowledge, skill, and ability) required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Skills and Ability
- Ability to comprehend, analyze, and interpret complex documents
- Demonstrated ability to solve advanced and complex problems
- Excellent written and verbal communication and skills. Ability to provide efficient, timely, reliable and courteous service to customers
- Ability to speak, write and understand English
- Demonstrated accuracy, attentiveness, attention to detail, and strong analytical skills
- Strong computer skills (MS Excel, Word, PowerPoint, Outlook)
- Demonstrated ability to function in a team environment and proactively problem solve
- Ability to prioritize and organize work load and work outside normal office hours to meet daily, weekly and monthly deadlines
- Demonstrated ability to follow through and complete tasks
- Willingness and demonstration of professional development and continual learning
- Ability to independently travel to property inspections
- Must have working vehicle, valid driver license and current auto insurance
Education/Education
- Bachelor's Degree or a combination of education and experience
- General State Certification/License
- MAI Designation
Required Knowledge
- Complete understanding of approaches to value of real estate assets
- Requires above average knowledge of financial real estate terms and principles
EXPERIENCe REQUIRED
- 5+ years commercial appraisal experience
Work Environment
- This is a standard office environment with standard office noise like talking, office equipment, etc. In addition, this position may visit property sites in various settings which can be industrial in nature with loud noises and mild fumes.
Physical Demands
- While performing the duties of this job, the employee is regularly required to talk and hear. This position is active and may require standing, walking, bending, kneeling, stooping and crouching. The employee must frequently sit and use a computer for long periods of time. Specific vision abilities are required to do this job including close vision. The employee must be able to drive for short to moderate distances and/or times. The employee must often walk through the outdoors and various terrain environments. The employee may be required to access building roof and mechanical areas. The employee must sometimes lift and/or move items up to 10 pounds.
Supervisory Responsibilities
- There are no direct supervisory responsibilities
APPRAISAL FEE SPLITS - COMPENSATION PACKAGE
