What are the responsibilities and job description for the Valuation Associate position at Newmark?
Job Description
JOB DESCRIPTION (Valuation Associate):
Under supervision and oversight, prepares sections of the appraisal report for the purposes of dispute resolution, mortgage underwriting, acquisition/disposition, portfolio analysis and estate purposes as well as other intended uses. Evolves into writing complete appraisal reports, with independent thinking to develop rational, supported assumptions and conclusions.
Essential Duties
The expected base salary for this position ranges from $49,000 to $50,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
WORKING CONDITIONS: Normal working conditions with the absence of disagreeable elements
NOTE: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.
JOB DESCRIPTION (Valuation Associate):
Under supervision and oversight, prepares sections of the appraisal report for the purposes of dispute resolution, mortgage underwriting, acquisition/disposition, portfolio analysis and estate purposes as well as other intended uses. Evolves into writing complete appraisal reports, with independent thinking to develop rational, supported assumptions and conclusions.
Essential Duties
- Responsible for the aggregation, analysis, interpretation, and reporting of complex appraisal related market data through internal and outside sources.
- Responsible for the collection and initial analysis of specific property information including but not limited to leases, rent rolls and financial statements.
- Inspect properties as part of the valuation process with senior staff member and will be able to inspect on own depending on knowledge of property type/market and on state and client requirements.
- Develop skills through the guidance of senior staff members to complete the valuation sections of the appraisal reports including the highest and best use analysis.
- Develop into preparing complete appraisal reports under the direct supervision of state certified general appraisers.
- Participate with senior staff members in completing formal rebuttal or review response letters.
- Participates in client meetings.
- Participate in coursework of 2 to 4 classes to obtain state appraisal license.
- Maintain knowledge of current government regulations, zoning laws and appraisal standards.
- Understands all necessary software programs used within the department.
- Maintain familiarity with necessary data sources.
- May perform other duties as assigned.
- Bachelor's Degree, preferably in real estate or other related subjects such as economics and finance. Preference is given to MS or MBA in real estate
- Minimum 1-3 years professional experience in real estate analysis, market research or related field.
- Knowledge of Argus a plus.
- Strong analytical, writing and communication skills.
- Strong organizational and multi-tasking skills.
The expected base salary for this position ranges from $49,000 to $50,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
WORKING CONDITIONS: Normal working conditions with the absence of disagreeable elements
NOTE: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.
Salary : $49,000 - $50,000