Primary responsibilities for the Commercial Real Estate Appraisal & Environmental Reviewer includes conducting technical reviews and preparing review reports critiquing Third party prepared Commercial Real Estate appraisals and various types of Environmental Assessment reports.
The Commercial Real Estate Appraisal & Environmental Reviewer we seek must possess knowledge and requisite experience required in the understanding and interpretation of valuation techniques and methodology utilized in commercial real estate appraisals.
They must have a good understanding of applicable regulatory compliance and USPAP standards required for appraisals utilized for Bank loans.
This includes knowledge and experience of proper application techniques and methods utilized within a commercial appraisal report.
They must possess requisite knowledge for determining whether a valuation report contains adequate and appropriate support and reasoning and whether the valuation produced credible results.
They must also have a full understanding of whether the report contains relevant market data, analysis thereof, and the ability to provide an opinion on the reliability of the conclusions.
This WRES team Reviewer should have knowledge of how the Environmental Assessment standards are applied when evaluating a commercial property. They should possess knowledge of the Standards utilized in environmental assessment reports.
This position requires an ability to effectively communicate with internal colleagues and external vendors regarding valuation disputes, reporting errors, address credit or other concerns pertaining to this due diligence function.
The candidate should possess 5+ years of Commercial Real Estate experiences with specific emphasis on commercial real estate appraisal and environmental reporting fields along with strong, effective, verbal and written communication skills. A solid understanding of bank financing, components of an appraisal, regulatory compliance requirements and hands-on real estate experiences are needed.
The Reviewer we seek should have knowledge of how the Environmental Assessment standards are applied when evaluating a commercial property. They should possess knowledge of the Standards utilized in environmental assessment reports.
The successful candidate is very knowledgable of the composition of leases, and of various expenses incurred by different types of real estate and can distinguish various forms of ownership.
The candidate should possess excellent math skills including financial fundamentals and various problem solving techniques. They should be able to understand and perform a discounted cash flow analysis, have knowledge of the functions of a dollar and of capitalization techniques.
Experience reviewing appraisals prepared on various type of report formats including narrative and URAR forms is preferred. Property types reviewed would include 1-4 unit residential, mixed use, land, office, multi-family, retail, industrial and multi-tenant leased fee asset types. Hospitality, Skilled Nursing, Assisted Living, gas station and other going concern or specialty property types is highly desired.
Working knowledge of Outlook, Microsoft Word & Excel is required. Working knowledge of SharePoint, utilizing a financial calculator (HP-12C or equivalent), and lease analysis software is preferred.
This individual should be knowledgeable about the environmental risks associated with commercial properties and Environmental due diligence experience or ASTM training is desired.
The position also entails researching market data and knowledge in providing these services is necessary.
An IL (or other State) Certified General Real Estate Appraisal certification is required. Successful completion of 15 Hour USPAP training is preferred.
Holly McQuestion
hmcquestion@wintrust.com
Standard Valuation Services is a commercial real estate appraisal firm headquartered in Willowbrook, Illinois.
At SVS, we understand our clients’ need for competent and reliable appraisal professionals. We deliver valuations with unparalleled customer service. Our high-touch approach provides clarity for our clients, allowing them to make sound decisions and lead their teams confidently.
We are expanding our team and looking for someone who is passionate about growing professionally and building a career in commercial real estate valuation. This person will work directly with our appraisers to complete appraisal reports and inspect commercial real estate properties.
A general appraisal certification is not required. However, for the right candidate, SVS agrees to cover the costs to obtain both the trainee and general certification licenses.
Qualified applicants must be detail oriented with excellent writing and communication skills, and proficient in Word, Excel, and Outlook.
Responsibilities:
• Assist senior appraisal staff in the preparation and drafting of narrative real estate appraisal reports
• Conduct preliminary research on property fundamentals, analyze operating expense information, and leases
• Research and analyze comparable leases and sales
• Inspect commercial properties - some out of state travel required
Qualifications:
• Bachelor's degree or higher from an accredited college or university
• Prior real estate or finance experience is preferred but not required
• High level of attention to detail
• Ability to write in clear, concise language
• Strong verbal and written communication skills
• Proficiency with Microsoft Word and Excel
• Interest in building an appraisal career
• Self-starter and able to manage personal schedule
Benefits:
• Health Insurance (BCBS PPO)
• 3% matching Simple IRA
Pay:
• Base + Split-fee ($65,000.00+ per year)
Robert DelPercio
rdelpercio@svsappraisal.com
Job Description
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/.
Our Firmwide Risk Function:
Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.
Commercial Real Estate Group (CRE):
Work with the best commercial real estate team in the industry! As the largest financial institution and multifamily lender in the country, JPMorgan Chase is looking for well-seasoned real estate review appraisers who want to bring their significant 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. We will provide all of the equipment, training, data sources, and software for real estate review appraisers who have an eagerness and passion for ensuring that appraisal reports meet our strong quality assurance standards. This position will provide experienced real estate reviewers with an opportunity for professional growth within a dynamic, fast-paced, and highly-collaborative team.
A successful candidate’s essential job duties include:
· Performing reviews of appraisal reports for multifamily residential (5+ units) and/or commercial properties to determine the credibility of market values developed for financially-related transactions in accordance with internal appraisal policies/procedures, industry standards, and regulatory requirements (USPAP & FIRREA).
· Using risk-based decisions, work with stakeholders to ensure that appraisal reviews are complete, accurate, adequate, relevant, and reasonable based on sound real estate appraisal methodology.
· Learning and performing the administrative tasks that drive the CRE Appraisal Review process.
· Continual development of local market knowledge and national real estate trends.
Qualifications:
· A 4-year college degree is preferred.
· State Certified General Appraiser License (Commercial Positions).
· 5 to 10 years’ experience appraising and/or reviewing complex multifamily residential, mixed-use, and/or commercial properties.
· Significant experience appraising or reviewing for financial institutions is preferred.
· Strong analytical, business writing, and oral communication skills are a must.
· Computer/technology knowledge is required as well as a proficiency in MS Word, Excel, and Outlook (Microsoft Office Suite).
· Comprehensive knowledge or certification of Argus software is preferred.
· National Review experience is a plus.
· Ability to multi-task and elevate critical issues in a timely manner.
· Must be self-motivated and manage time efficiently to meet service-level deadlines.
· Strong critical thinking and problem solving.
· Understanding of various construction types and mechanical systems as well as hazards such as flood, environmental, earthquake, and zoning conditions.
· Ability to analyze properties with complex characteristics.
· Superior knowledge of local real estate metro areas and neighborhood.
· MAI designation from the Appraisal Institute or equivalent credential is preferred.
About Us
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
Equal Opportunity Employer/Disability/Veterans
About the Team
Commercial Banking is focused on helping our clients succeed and making a positive difference in our communities. We provide credit and financing, treasury and payment services, international banking and real estate services to clients including corporations, municipalities, institutions, real estate investors and owners, and nonprofit organizations.
Link to position - https://jpmc.fa.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX_1001/job/210082896/?utm_medium=jobshare
Are you a seasoned appraiser wanting to diversify your appraisal services or simply start slowing down by doing some split-fee work? If yes, then join the S&P Team because we are looking for appraisers (experienced in high-end/complex assignments is a plus). S&P Appraisals, Inc. is a 25+ year-old firm that has earned a very positive reputation and our support staff/review appraisers are always available for you, so you will never feel "alone" while completing an assignment. You will still maintain the flexibility of being an independent appraiser and dictate your work-load (1-a-day; 3-a-week; orders just near your home-office; etc.). We will handle the back-end work, so you can focus on appraising and we understand you have a life out-side of appraising. ACI and E&O are required. Please e-mail resume- carmen@spappraisals.com
Carmen J. Smith
carmen@spappraisals.com
Appraisal firm looking to add a certified residential appraiser for Kane, Kendall, and Will counties. If interested, please submit a resume to appraisal@jrblaydes.com
Berta Office Manager
appraisal@jrblaydes.com
