Senior Commercial Appraiser

Columbia Banking System; Phoenix (AZ); On-site; USD 110,000 - 150,000; Full time

Benefits offered by this job

Medical, dental, vision

401(k) with employer match

Life insurance

Disability insurance

Tuition assistance

Mental health resources

Identity theft protection

Legal support

Employee discounts

Paid vacation

Sick days

Volunteer days

Holidays

Job summary

Columbia Bank is hiring for a senior commercial appraisal reviewer in Phoenix. You will procure, engage, and review complex and non-complex valuation products to ensure USPAP, FIRREA and IAEG compliance and bank policy. Mentoring junior staff and supporting policy development are key parts of the role.

You will coordinate with lines of business, address escalations, and assist in appraisal-related risk reviews for credit decisions while maintaining strong cross-functional relationships.

Qualifications

• Bachelor's degree in business or related field is required.
• Active State Certified General License is required.
• Strong knowledge of USPAP, FIRREA, IAEG and appraisal practices.

Responsibilities

• Procures, engages, and reviews commercial valuation products to ensure compliance with USPAP, FIRREA, IAEG and policy.
• Mentors junior staff and contributes to department policy development.
• Communicates valuation requirements to business partners and auditors.

Skills

USPAP knowledge

FIRREA knowledge

IAEG knowledge

Appraisal review

Communication skills

Analytical skills

Multi-state experience

Excel

PowerPoint

Education

Bachelor's degree in business or related field

Active State Certified General License

Tools

Word

Excel

Outlook

PowerPoint

Appraisal software

Data aggregators

Job description

About the Role:Procures, engages, and reviews complex and non-complex commercial valuation products delivered to the bank to ensure compliance with USPAP, FIRREA, IAEG, and Columbia Bank policy. Communicates with partnering lines of business to address appraisal or collateral risk issues. Works closely with management to increase staff competency in all aspects of commercial appraisal. Assists in the mentoring of junior level staff. Provides subject matter expertise to address escalations and/or reconsiderations of appraisal concerns. Participates in the development of commercial appraisal bank policy and guidelines.Procures bids and awards for commercial real estate appraisal vendor RFPs in the fulfillment of complex commercial valuation products utilized for the credit lending decision.Reviews incoming complex valuation products for credible methodology and compliance with SOW, USPAP, FIRREA, IAEG, and bank policy.Develops USPAP (compliance or technical) commercial appraisal and evaluation reviews to be utilized in the bank’s credit lending and/or portfolio management decisions.Assures compliance with Fair Lending Practices and Appraisal Independence.Provides subject matter expertise on complex commercial appraisal methodology and appraisal regulatory requirements. Ability to communicate these requirements as applicable to address valuation questions from line of business partners and/or auditors.May prepare FIRREA/USPAP compliant appraisals, appraisal validations, corrective appraisal reviews and/or evaluations for Columbia Bank.Assists Special Assets and Credit Quality with impairment analysis for real estate secured credits, as needed.Manage and prioritize work queue to meet turn-time deadlines. Triage workload with thoughtful consideration of loan level data. Meet or exceed review production goals in-line with department’s benchmarks.Maintains compliance with the department system of record and appraisal work file requirementsAssist in the development of valuation solutions based upon subject expertise, representing the department at a broader level.Occasionally assist management with the overall operation of the valuation program and/or lead working group projects.Mentors junior level appraisers and encourages increased competency in all aspects of commercial valuation.Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.May be asked to coach, mentor, or train others and teach coursework as subject matter expert.Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words.Takes personal initiative and is a positive example for others to emulate.Embraces our vision to become "Business Bank of Choice"May perform other duties as assigned.About You:Bachelor’s degree in business or related field or the equivalent in education and experience required.Active State Certified General License required10+ years of relevant commercial appraisal review experience or combination of commercial appraisal review and appraisal field work required.Strong multi-state experience reviewing commercial real estate appraisals. Real estate property type specific expertise (Low Income Housing Tax Credit LIHTC, Special Purpose, etc.) and national review experience a plusAbility to obtain and maintain additional appraisal licensing in multi states upon business unit request.Sound judgement and strong analytical problem-solving skills, and business acumen.Advanced knowledge of appraisal policies, procedures, practices, and documentation.Excellent written and verbal communication.Ability to work at all levels of the organization and maintain mutually beneficial working relationships cross-functionally.Computer and software proficiency including but not limited to Word, Excel, Outlook, PowerPoint, and other more specific appraisal related software applications and misc. data aggregators.Advanced knowledge of USPAP, FIRREA, IAEG, and other federal real estate appraisal related regulations and how regulations apply to real world lending scenarios.Ability to work independently making timely and sound decisions. Escalate collateral risk concerns swiftly and clearly.Ability to present to small and large audiences when communicating collateral risk concerns or department/bank processesThe pay range for this role is $110,000 to $150,000.The pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation, and those details will be provided during the recruitment process.Primary Location: Ability to work fully onsite at posted location(s).2155 W Pinnacle Peak Rd Phoenix AZ 85027Our Benefits:We are proud to offer a competitive total rewards package including base wages and comprehensive benefits.We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.Our Commitment to Diversity:Columbia Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics. If you require an accommodation to complete the application or interview(s), please let us know by email: [e-mail] .To Staffing and Recruiting Agencies:Our posted job opportunities are only intended for individuals seeking employment at Columbia Bank. Columbia Bank does not accept unsolicited resumes or applications from agencies and Columbia Bank will not be responsible for any fees related to unsolicited resume submissions. Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Columbia Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.