[Hiring] Commercial Review Appraiser @First Interstate

Role Description

The Commercial Review Appraiser assists the Chief Appraiser with implementing and administering real estate appraisal policies and procedures for First Interstate Bank as part of the Commercial Valuation Department (CVD), which operates independently of the lending functions of the Bank. This position is expected to contribute to a team-oriented environment with the goal of maintaining a high degree of customer service that advances the overall success of the Bank in concert with our mission of "… being the premier financial services provider in the communities we serve."

Essential Duties and Responsibilities

• Assists in the independent procurement of appraisals and reviews from qualified and geographically competent appraisers in compliance with the Bank’s Policy and Procedures, FIRREA, USPAP, and Interagency Appraisal and Evaluation Guidelines (IA&EG); encompasses, oversees, or assists in the management of the valuation processes, including engaging, receiving, reviewing, and distributing appraisal and review reports.
• Provides or procures the completion of independent reviews of appraisals submitted to the bank to ensure that the applied processes and valuation results are credibly derived and are void of conflicts of interest in compliance with the Bank Policy and Procedures, FIRREA, USPAP, and (IA&EG); facilitates an ongoing monitoring process to confirm the accuracy and reliability of appraisals.
• Assists the Chief Appraiser with ensuring proper documentation and record keeping for the department.
• Interacts with fee appraisers and loan officers, acting as a liaison to facilitate the flow of required information to ensure appraiser independence is maintained at all times.
• Acts as a resource for lenders and other team members on appraisal and market related issues, regulatory requirements, and valuation questions.
• Participates in legal and compliance training and other appropriate training as required to maintain knowledge of banking activities, First Interstate Bank products and services, and remain current with laws and regulations.
• Upholds and promotes adherence to all Bank and banking institution regulations, laws, standards, policies, and procedures.
• Provides professional service to internal and external customers; provide support and assistance, including communication support, responding to incoming telephone calls, electronic mail, and voice mail.
• Performs special projects and other related duties as assigned, in support of the daily functions of the Credit Administration Department.

Qualifications

• Bachelor's Degree required
• 4-6 years experience in appraising real estate, reviewing real estate appraisals in a lending or fee environment, and/or equivalent combination of education and experience required
• Experience with a variety of property types, valuation methodologies, and ownership interests preferred
• Certified/Licensed Appraiser required

Physical Demands and Working Environment

• Dexterity of hands/fingers to operate computer keyboard and mouse - Frequently
• Sitting - Frequently
• Standing - Occasionally
• Noise Level - Moderate
• Typical Work hours - M-F (8-5)
• Regular and Predictable Attendance - Required

Compensation & Benefits

• Competitive total compensation package including base salary and benefits.
• Anticipated pay range for this position is $91,300 to $150,700 per year (in CO & WA) depending on various factors.
• Eligible to receive annual discretionary cash bonuses.
• Benefits include medical, dental, vision, short-term and long-term disability benefits, life insurance, flexible spending accounts, health savings account, employee assistance program, 401(k), Paid Time Off (new hires accrue at .069 per hours worked which equates to approximately 18 days per year inclusive of paid sick time), and up to 11 paid Federal holidays.
• This information is provided for those hired in Colorado and Washington only, and this role is open to candidates outside of Colorado and Washington with compensation that aligns with your location.
• For more information regarding our benefits, please visit Employee Benefits .