Commercial Real Estate Review Appraiser Job at Citi (Irving)

Job Responsibility

Perform critical reviews of externally prepared commercial appraisals to ensure that the value conclusions are credible and that the reports are in compliance with all necessary requirements
Responsible for managing the review process on single assets as well as portfolios, which can include leading a team of review appraisers and coordinating with participating financial institutions
Contract with vendors
manage vendors to on-time delivery and quality product
and maintain the timely status of each assignment on a common job tracking system
On occasion may lead an ad hoc team for valuation due diligence or a special project
prepare market studies
provide market intelligence to the lenders on a specific deal
prepare internal appraisals
perform sensitivity analyses for property cash flow projections
and evaluate the feasibility of a complex investment
Resolve any issues that are not compliant with Citibank policies or conclusions that are not reasonable
Advise risk managers in addressing complex real estate issues
Objectively provide risk managers with a balanced view of the risk associated with a given property
Work with a wide variety of property types across the US ranging from single assets to large portfolios that include several hundred properties

Minimum of 10+ years of appraisal experience with at least 3 years in a lending institution preferred
Should have Bachelor’s degree and may have advanced degrees
Must have completed and passed all Appraisal Institute classes necessary for the MAl designation, or equivalent education
Must be a state Certified General Appraiser
Have outstanding breadth and depth of commercial appraisal expertise that includes all major property types (office, retail, industrial, multifamily) and special purpose properties (self-storage, hotels, student housing, etc.)
Must have a strong sense of the characteristics affecting value
Highly productive and efficient as a reviewer
Work autonomously and require little direction for single properties as large as $100MM+ in value
Would be considered Subject Matter Expert for commercial appraisal
Proficient computer skills for MS Office
Outstanding proficiency in Argus and Rockport VAL DCF software and MS Excel
Must have a comprehensive understanding of USPAP
Must have a good understanding of FIRREA and all other subsequent Regulatory Policies concerning appraisals
Outstanding analytical skills
Strong interpersonal skills
Work well under pressure and multi-task
Outstanding organization and management skills
Must have strong verbal and written communication skills
Capable of being effective in decision making and outstanding problem-solving skills
Sustain good relationships with internal clients and vendors
Bachelor's/University degree, Master's degree preferred

medical, dental & vision coverage
401(k)
life, accident, and disability insurance
wellness programs
paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays