Assistant Vice President & Commercial Appraisal Officer at Ridgewood Bank
Ridgewood Bank · Lake Success, United States Of America · Onsite
- Professional
- Office in Lake Success
The estimated salary for this position is $110,000-$160,000/Annually.
Duties and Responsibilities/Results:
- 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.
- Order appraisals, complete market research projects, and conduct property site inspections as needed.
- All other duties, as assigned.
Required Qualifications:
- New York State General Appraiser Certification License (Current and in Good Standing) is required.
- Minimum 10+ years of recent experience appraising and/or reviewing complex multifamily residential, mixed-use, and/or commercial properties in the New York Metropolitan Area.
- Reviewer must have strong analytical, written, and verbal skills and be proficient with New York Metropolitan Area Real Estate.
- Knowledgeable, experienced, and familiar with various property types, including office, retail, multifamily, and cooperatives throughout the New York Metropolitan Area.
- Knowledge of commonly used real estate database sources, including RealQuest, Comps Inc., CoStar, and Multiple Listing Service (MLS), is a must.
- Good organizational and management skills and ability to work independently.
- Software proficiency in Microsoft Office Suite and Outlook.
- Bachelor's degree required.
Preferred Qualifications:
- Ability to solve problems involving multiple facets and variables in non-standardized situations.
- Ability to manage time efficiently to meet strict deadlines.
- MAI or AI-GRS (Review) Designation a plus.
- A degree in Accounting, Finance, Economics, or a related field is preferred.
