Senior Associate, RE Valuations

Bayview Asset Management, LLC; Coral Gables (FL); Hybrid; USD 110,000 - 150,000; Full time

Job summary

Bayview Asset Management, LLC is seeking a Sr. Associate, Valuations to support internal decision-making for commercial real estate and lending activities.

You will perform internal valuations on large CRE assets, evaluate appraisals, and communicate with brokers, managers, and third-party appraisers. The role requires a Bachelor’s degree, seven years of CRE valuation experience, and MAI or active candidacy.

Qualifications

• Bachelor’s degree required.
• Seven (7) years of current experience in commercial real estate appraisal.
• MAI or advanced candidate preferred.

Responsibilities

• Perform internal valuations on commercial real estate assets (> $10MM).
• Formulate and present opinion of value on collateral and assess risks.
• Conduct market research by contacting brokers, property managers, and leasing agents.
• Prepare internal valuations on CMBS assets for credit committee on tight timelines.
• Conduct loan surveillance and report asset risks to management.
• Evaluate appraisals for accuracy and audit trail of communications.
• Rate vendor performance for appraiser/broker panel continuance.
• Perform internal valuations on residential 1-4 properties (domestic & international).
• Conduct property site inspections as needed.
• Stay current on appraisal regulations, guidelines, and industry standards.
• Perform other duties as needed.

Skills

Excel

DCF modeling

USPAP knowledge

Written communication

Problem solving

Independent work

Decision making

Education

Bachelor’s degree

MAI

Tools

MS Excel

Job description

Overview
ABOUT US:
Founded in 1993, Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets.
POSITION SUMMARY:
The Sr. Associate, Valuations will provide internal evaluations to support internal decision-making processes for various commercial real estate and lending related business lines. This will include communication with internal management, internal clients, third-party vendors as well as various other market participants like real estate brokers, property managers, and leasing agents. A thorough understanding of real estate valuation concepts and techniques, loan underwriting skills, strong research and analytical skills, and good communication skills are necessary.
RESPONSIBILITIES:

• Perform internal evaluations on various types of commercial real estate of all sizes, but mainly on assets greater than $10MM. Assets are mainly domestic real estate, but some components are international.
• Formulate and present a well-researched opinion of value on real estate collateral and opine on loan and asset risks.
• Conduct market research by contacting and having verbal discussions with real estate brokers, property managers, and leasing agents.
• Prepare internal evaluations on CMBS assets and present opinion to credit committee for discussion. Most evaluations need to be completed in compressed time periods ranging from two to four hours.
• Conduct periodic loan surveillance on assets held in our portfolio; evaluate loan and asset risks and report to management.
• Evaluate appraisals for accuracy, reasonableness, compliance with our policies and procedures and underwriting guidelines. Collect feedback from our Underwriting team about appraisal and communicate with third-party appraisers to resolve deficiencies and maintain an audit trail of communication and revisions.
• Rate performance of vendors to support recommendation for continuation of use on the approved appraiser and broker panel.
• Perform internal evaluations on some residential 1-4 property types both domestic and international.
• Conduct property site inspections, as needed.
• Remain current on applicable appraisal regulations, guidelines, and industry standards.
• Perform other duties as needed or assigned.

Qualifications:

• Bachelor’s degree required.
• Seven (7) years of current experience in commercial real estate appraisal.
• MAI or advanced candidate preferred.

SKILLS:

• Solid skill set in the use of Microsoft Office Suite, particularly Excel & Word, required.
• Thorough understanding with Discounted Cash Flow models.
• Strong understanding of USPAP and Interagency Appraisal and Evaluation Guidelines.
• Strong verbal, written, and interpersonal skills.
• Effective report writing and other written communication skills.
• Ability to solve problems, make decisions, prioritize tasks, and meet required deadlines.
• Ability to adapt to different situations and work independently with minimal supervision.
• Ability to make decisions quickly, and confidently, based upon analysis.

Certifications, Licenses, and/or Registration

• Certified General Appraisal License required.

LOCATION and COMPENSATION:

• This role can be based in either Bayview’s Coral Gables, FL, or New York, NY office or remote-based.
• This role can be 100% in office, Hybrid (Tuesday - Thursday) or 100% remote.
• Base compensation is expected to be $110,000-$150,000 with the opportunity for bonus compensation.
• Salary may vary based on work experience, market conditions, location, and qualifications/training.

EEOC
Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.