Risk Management - Real Estate Appraisal, Senior Associate

J.P. Morgan; New York (NY); On-site; USD 70,000 - 100,000; Full time

Job summary

J.P. Morgan is seeking a Senior Real Estate Appraiser for its Valuation Services Group, focusing on multifamily and commercial appraisal assignments. This position involves appraising properties, ensuring compliance with regulatory standards, and contributing to quality assurance. The ideal candidate will possess analytical skills, a strong understanding of real estate trends, and at least three years of relevant experience.

Qualifications

• 3+ years of experience appraising multifamily, mixed-use, or commercial properties.
• Strong critical thinking and analytical abilities.
• Deep knowledge of local real estate market trends.

Responsibilities

• Appraise multifamily residential and commercial properties over 5 units.
• Interview market players for rent and sales data.
• Ensure appraisal reports meet quality assurance standards.

Skills

Analytical Skills

Problem Solving

Communication Skills

Education

BA/BS degree

State Certified General Appraiser License

Tools

Discounted Cash Flow programs

Microsoft Office Suite

Job description

Bring your expertise to JP Morgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers, and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo, and striving to be best-in-class.

As a Senior Real Estate Appraiser within the Valuation Services Group, you will bring your expertise and knowledge to a team that specializes in multifamily and commercial appraisal assignments, with a strong emphasis on multifamily product ranging from 5 to 500 units. We are dedicated to helping real estate appraisal professionals grow with our team. You will be provided all the equipment, training, data sources and software for real estate appraisers who have an eagerness and passion for ensuring that appraisal reports meet our strong quality assurance standards. In this position we will provide you with hands-on real estate experience that will prepare you for a variety of real estate related roles within the firm.

Job Responsibilities

• Appraise 5+ unit multifamily residential, mixed use and/or commercial properties to estimate the market value for related financial transactions in accordance with internal policies/procedures, industry standards and regulatory requirements (USPAP & FIRREA).
• Interview real estate market participants for rent surveys, sales surveys and subject property analysis.
• Manage time efficiently to meet service level deadlines.
• Understand various building construction types, flood/environmental hazards, earthquake and zoning conditions (as pertinent).
• Learn and perform the administrative tasks that drive the CRE Appraisal process.
• Utilize risk-based decisions, work with stakeholders to ensure that appraisal reports are complete, accurate, credible, relevant, and reasonable based on sound real estate appraisal methodology.

Required qualifications, skills and capabilities

• BA/BS degree is required
• A State Certified General Appraiser License
• At least 3 years of experience appraising multifamily residential, mixed-use and/or commercial properties.
• Strong analytical, business writing and oral communication skills.
• Strong critical thinking and problem solving.
• Computer/technology knowledge as well as a proficiency in MS Word, Excel and Outlook (Microsoft Office Suite).
• Deep knowledge of local real estate market trends and neighborhoods.
• Continual development of local market knowledge and national real estate trends.

Preferred qualifications, skills and capabilities

• Discounted Cash Flow programs knowledge and methodologies.
• Experience appraising for financial institutions.