Commercial Real Estate Appraisal Officer I - Bank OZK
Little Rock, AR 72223
About the Job
Manages a pipeline of non-complex valuation projects across all property types. In this role, you will scope valuation projects, engage external appraisers, and review appraisal reports to ensure our originations and special asset management teams have credible valuation reports and reliable collateral values for decision-making purposes.
Essential Job Functions:Communicates with originations and credit personnel to understand the financing request and collateral property characteristics for appraisal scoping purposes.
Identifies qualified professionals from the appraiser panel to bid, award, and track appraisal projects through the Real Estate Information Management System (RIMS).
Manages the appraiser engagement process and collaborates with the commercial appraisal coordinator to ensure contracted appraisers have received all required property information.
Performs reviews on non-complex appraisal projects to determine the credibility of the appraisal report and the reliability of the appraiser’s market value opinions.
Completes or reviews property evaluations and validations as needed.
Ensures appraisal reports comply with internal policies and procedures, engagement letter terms, and federal and state regulatory requirements including, but not limited to, USPAP and FIRREA.
Gathers and analyzes market data and trends that are relevant to appraisal engagements.
Provides insight and technical interpretations of real estate market conditions and appraisal theory to commercial real estate lending teams.
Ensures compliance with Bank appraisal policies, procedures, and practices.
Exercises discretion and judgment in the performance of essential job functions.
Maintains good punctuality and attendance to work.
Follows Bank policy, procedures, and guidelines.
Knowledge of commercial real estate appraisal standards and requirements applicable to federally regulated real estate transactions.
Knowledge of trending appraisal methods and appraisal review theory.
Ability to use a commercial appraisal management platform to manage your project pipeline.
Ability to communicate effectively both verbally and in writing.
Ability to think critically and consistently demonstrate good organizational skills.
Ability to demonstrate analytical skills including discounted cash flow analysis.
Ability to work effectively and demonstrate flexibility in a continually changing environment.
Ability to manage tasks with exacting deadlines in a fast-paced environment.
Ability to maintain attention to detail.
Skill in computer and Microsoft Outlook, Word, Excel, and PowerPoint, and Adobe Acrobat software.
High school diploma or commensurate work experience, required.
Bachelor’s degree, preferred.
State Registered Trainee/Apprentice Appraiser License, required.
Minimum of two (2) years’ real estate related work experience, required.
500 hours of qualifying state certified work experience, required.
Job Expectations: Operate customary equipment and technology used in a business environment, with or without accommodation.
Note: This description is not an exhaustive list of all job functions, duties, skills, and job standards required. Other job functions, duties, skills, and standards may be added. Management reserves the right to add or change the job requirements at any time.
EEO Statement:Bank OZK is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.
