Job Description

Real Estate Appraiser

Candidate will be responsible for engaging and reviewing appraisals in the Midwest region. Candidate should have 10+ years experience as an appraiser, ideally with some experience at a bank and as a reviewer. Candidate should also have experience with affordable housing.

Responsibilities include performing 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. The primary area of responsibility is the midwestern US. The candidate will report to the Regional Appraisal Manager for the southeastern/midwestern regions and will be responsible for managing the review process. This includes contracting with vendors, managing vendors to on-time delivery and quality product, and maintaining the timely status of each assignment on a common job tracking system. The candidate will also participate in the review of portfolios and 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. The candidate will resolve any issues that are not compliant with Citibank policies or conclusions that are not reasonable. They will advise risk managers in addressing complex real estate issues and provide a balanced view of the risk associated with a given property.

Qualifications include a minimum of 10+ years of appraisal experience, preferably with at least 3 years in a lending institution. A Bachelor's degree is required, and a Master's degree is preferred. The candidate must have completed and passed all Appraisal Institute classes necessary for the MAI designation, or equivalent education. They must be a state Certified General Appraiser with outstanding breadth and depth of commercial appraisal expertise that includes all major property types and special purpose properties. The candidate must have a strong sense of the characteristics affecting value, be highly productive and efficient as a reviewer, and work autonomously. They must have proficient computer skills for MS Office, outstanding proficiency in Argus and Rockport VAL DCF software and MS Excel, and a comprehensive understanding of USPAP. The candidate must have a good understanding of FIRREA and all other subsequent Regulatory Policies concerning appraisals, Freddie Mac, Fannie Mae, and SBA appraisal requirements, and outstanding analytical, interpersonal, organizational, and management skills. They must have strong verbal and written communication skills and be capable of being effective in decision making and outstanding problem-solving skills.

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