Wednesday, September 1, 2010

Commercial Real Estate Appraiser - Indianapolis Headquartered Bank

We are searching for an experienced commercial real estate appraiser, familiar with the Indianapolis metropolitan market. This is a newly created position in a growing and stable organization.

Commercial Real Estate Appraiser

Reports to: First Vice President and Chief Credit Officer

Summary: Responsible for performing independent reviews of commercial real estate appraisals, environmental assessments, and property inspection reports provided by licensed appraisers and/or real estate professionals. Also accountable for assisting the Bank with other due diligence on commercial real estate loans, as well as acting in an advisory capacity while assisting Credit Administration with real estate values and trends.

Essential Functions:
♦ Conducts independent reviews of commercial real estate appraisals prepared by licensed appraisers on real estate which secure Bank loans.
♦ Conducts professional review of environmental assessments completed by licensed environmental professionals.
♦ Reviews property inspection reports provided to the Bank by real estate professionals.
♦ Involved, as requested, with due diligence on commercial real estate construction loans for the Bank.
♦ Assists Credit Administration with risk management by acting in an advisory capacity on real estate values and trends.
♦ Develops and maintains local market knowledge regarding real estate developments and trends.
♦ Selects and coordinates third-party real estate appraisals, using appropriate vendors for the subject property type.
♦ Conducts on-site visits to inspect and perform in-depth analysis on more complex projects.
♦ Achieves and maintains all educational requirements and certifications established for the position.
♦ Develops and maintains professional contacts in assigned territory to keep current on market trends.
♦ Meets all service level standards for responsiveness to internal bank clients.

Additional Responsibilities:
Assists the First VP and Chief Credit Officer with special projects as assigned.

Required Education, Experience, and Skills:
♦ Bachelor’s Degree in Real Estate or related concentration, or equivalent
experience and training as a real estate appraiser, commercial real estate
broker, commercial property manager, commercial real estate lender or
similar experience in a commercial real estate legal capacity.

♦ Four to ten years prior experience as a commercial real estate appraiser

♦ Demonstrated knowledge of the local commercial real estate market

♦ Ability to deal with complex real estate property types and legal structures

♦ Ability to develop proficiency in the Bank’s appraisal policy for business
lending, as well as applicable federal and industry rules and regulations
related to requirements for appraisals and evaluations on collateral for

♦ Self directed, with the proven ability to work independently with only
minimal direct supervision

♦ Proven ability to effectively multi-task, while maintaining organization,
tending to critical details, appropriately managing priorities, and meeting

♦ Computer literacy and proven analytical abilities

♦ Ability to travel in the local market (no overnight anticipated)

♦ Proven ability to build professional relationships and effectively interact
with diverse individuals, both within and outside the Bank.

♦ Creative thinker, interested in sharing ideas, and effectively working with
colleagues to support the broader team

♦ Excellent written and verbal communication skills

♦ Real estate designation; Certified Appraisers strongly preferred

Physical Requirements:
♦ This position requires frequent sitting, as well as the ability to use a
keyboard and telephone.
♦ Must be able to travel independently throughout the office, and sometimes
over the road to prospect and company locations.
♦ Express or exchange ideas by means of the spoken word.
♦ Visually identify and distinguish between various documents.

Equipment Used: Computer, printer, telephone, fax machine, and photocopier.

Supervisory Requirements: This position does not have direct supervisory

Working Conditions: Office environment.

1. This job description in no way states or implies that these are the only tasks to be performed by the incumbent occupying this job. The incumbent will be required to follow any other instructions and to perform any other job-related duties.
2. Requirements are representative of minimum levels of knowledge, skills, and/or abilities. To perform this job successfully the incumbent will possess the abilities and aptitudes to perform each task proficiently.
3. Ability means to possess and apply both knowledge and skill.
4. This job description describes the minimum selection requirements to qualify for the job. However, promotion and other employment decisions are also based on Bank needs, being in good standing, fully competent performance, and other nondiscriminatory issues.
5. This job description does not create an employment contract, implied or otherwise, other than an "at will" employment relationship.

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