Staff Appraiser - Commercial - Wayne, NJ

At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice-building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth-with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.

At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you-working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients-that includes all our associates as well.

The Staff Appraiser - Commercial is responsible for reviewing and performing written appraisal reports on commercial and special-use properties in compliance with underwriting standards.

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Responsibilities include but are not limited to:

• Maintain contact with various departments to resolve problems relative to requests for appraisal work.
• Monitor and evaluate the impact of changes in the commercial appraisal profession and recommend changes in official Valley National Bank Appraisal policies and procedures as appropriate.
• Responsible for processing appraisal requests and customer billing to ensure that the skill level of outside fee appraisers is sufficient and that the fee quotes are reasonable.
• Review appraisals to ensure that the methodology, market data and analysis are reasonable and that the report conforms to USPAP and Valley National Bank standards.
• Travel to properties for primary inspections as well as Field Construction Inspections.
• Search, Set-up and review of new appraisal firms for FF-E and Business Valuations for new territories which the bank has expanded into.
• Make specific recommendations for the addition of Commercial and Special-Use Property Appraisers to Valley National Bank's Approved Appraiser List.
• Perform appraisals for various departments within the bank, including the commercial loan department for Quality Control Purposes and validation of samples. These appraisals are performed monthly on a sample group of closed loans to meet underwriting guidelines.
• Review quality control appraisals performed by outside appraisal firms to the results of the original appraisals and track results.
• Review environmental reports to ensure that the methodology, market data and analysis are reasonable and that the report conforms to ASTM and Valley National Bank standards.

• Intermediate PC skills including email, Microsoft Word, Excel and lease analysis software such as Argus, Project and DynaLease.
• Knowledge of USPAP, Interagency Appraisal guidelines, OCC and HVCC guidelines and regulations pertaining to Commercial Real Estate appraisals.
• Excellent verbal and written communication skills.
• Ability to prioritize and organize assignments.
• Ability to independently conduct market analysis.

• High School diploma or GED and a minimum of three years' experience in appraising commercial and special-use properties.
• State Certified General Real Estate Appraiser License and valid driver's license.
• Bachelor's Degree (B. A.) from four-year college or university preferred.

Full-time

Exempt

Pay Range Pay Range

The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay.

The actual pay rate will depend on the person's qualifications and experience.

$83,100.00 - $143,500.00 / year

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.