Comm Appraisal Services Conslt.

Bank of America; Statesville (NC); On-site; USD 90,000 - 156,000; Full time

Job summary

Bank of America is seeking an experienced Commercial Real Estate Appraiser to evaluate appraisal requests, scope services, and manage vendor relationships. The role includes QA reviews and ensuring regulatory compliance, with remote work flexibility where appropriate.

Responsibilities focus on developing statements of work, issuing RFPs, awarding contracts, and monitoring vendor performance, while maintaining high-quality standards and timely delivery.

Qualifications

• Active state-certified general real estate appraisal credential.
• 5+ years commercial real estate appraisal experience.
• Proficient in Argus and/or Rockport Val; advanced Excel skills.
• Familiar with Word and other department programs.
• Strong knowledge of valuation theory & methodology for commercial/residential appraisals.

Responsibilities

• Develop vendor statements of work for each order.
• Select prequalified vendors and distribute RFPs.
• Execute award and monitor vendor performance.
• Review reports for contract compliance; grade performance.
• Perform detailed quality assurance reviews; validate invoices.

Skills

Active State-Certified General Real In

5+ years commercial RE appraisal

Argus and/or Rockport Val

Microsoft Excel

Microsoft Word

valuation theory & methodology

remote independent work

Commercial appraisal review experience

Adapt to new valuation tech

Education

Bachelor's degree (financial degree or equivalent)

MAI designation

Tools

Argus

Rockport Val

Excel

Word

Job description

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.

Job Description:

Orders and reviews appraisals and evaluations used for commercial real estate lending and provides appraisal and consulting services to all lines of business and transaction-specific professional guidance. Specific responsibilities include, but are not limited to, scoping requests for services, bidding process, award process, managing external suppliers and appraisal review. Additional responsibilities may include client team training; supervisory responsibilities, including management of procurement or review teams; and/or management of external reviewers.

Evaluates valuation requests for policy/regulatory compliance:

• Develops vendor statements of work for each order
• Selects prequalified vendors and distributes RFPs
• Executes award and monitors vendor performance
• Reviews reports for contract compliance; grades performance
• Performs quality assurance (detailed) reviews

Invoice preprocessing and validation

1st -level business and vendor dispute resolution (e.g. vendor selection, utilization frequency, invoicing, etc.)

Required Skills:

• Active State-Certified General Real Estate Appraisal Credential
• 5+ years commercial real estate appraisal experience
• Intermediate proficiency in the use of the following software applications: Argus and/or Rockport Val, (cash flow software), Microsoft Excel (spreadsheet).
• Basic proficiency in other department programs including: Microsoft Word (word processing)
• An in-depth working knowledge of valuation theory and methodology for commercial and residential appraisals
• Able to write concise technical opinions in language comprehensible to expert and layman alike
• Able to work independently in a remote setting
• Commercial appraisal review experience for federally-regulated banking institution or equivalent highly preferred
• Able to adapt to new technology and changes to recognized valuation methods and techniques

Desired Skills:

• 2+ years commercial appraisal review experience for federally regulated banking institution or equivalent
• MAI designation
• Bachelor's degree (financial degree or equivalent)

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)

Pay and benefits information

Pay range

$90,400.00 - $156,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.