What are the responsibilities and job description for the Commercial Review Appraiser-Onsite (NYC Area) position at Ridgewood Savings Bank?
We have an exciting opportunity to join our Appraisals Team! This position will assist the Appraisal Department in all aspects of reviewing third-party appraisals to determine a credible and reasonable opinion of the market value of Commercial real estate to assist in the mortgage lending process. Qualified candidates must have a minimum of 5 years of experience and a bachelor's degree is preferred. New York State General Appraiser Certification License (Current and in Good Standing) is required. Estimated starting salary is $90K-$120K per year.
Job Qualifications:
- Minimum 5 years of recent experience appraising and/or reviewing complex multifamily residential, mixed-use,
and/or commercial properties. - Bachelor's degree in Accounting, Finance, Economics, or related field preferred.
- Ability to communicate clearly and concisely in both written and verbal form.
- Ability to solve problems involving multiple facets of variables in non-standardized situations.
- New York State General Appraiser Certification License (Current and in Good Standing) is required.
- Software proficiency in Microsoft Office Suite, including Outlook.
- Knowledgeable, experienced, and familiar with various property types, including office, retail, multifamily, and
cooperatives throughout the New York Metropolitan Area. - Good organizational and management skills and ability to work independently.
- Knowledge of commonly used real estate database sources includes RealQuest, Comps Inc., CoStar, and Multiple
Listing Service.
Duties and Responsibilities Include:
- Conduct thorough reviews and analyses of completed appraisal reports of income-producing properties, including
multifamily, office, mixed-use, and retail. - Ensure that valuations are reasonably supported, credible, and compliant with federal and state regulations, USPAP
(Uniform Standards of Professional Appraisal Practice), FIRREA, bank policies and guidelines, and industry standards. - Opine on the overall reasonableness and reliability of the appraisal reports received.
- Review, analyze, render, and communicate decisions regarding the acceptance of appraisals performed by third-party
vendors. - Complete internal appraisal assignments for use in loan underwriting decisions.
- Engage in regular communication with and serve as an advisor to Loan Officers and Executive Management on appraisal and real estate valuation matters.
- Conduct property site inspections, as needed.
- Perform other duties of the Bank and Department, which may be required from time to time.
Salary : $90,000 - $120,000
