Assistant Vice President & Commercial Appraisal Officer

The estimated salary for this position is $110,000-$160,000/Annually.

Duties and Responsibilities/Results:

• Conduct thorough reviews and analyses of completed appraisal reports of income-producing properties, including multifamily, office, mixed-use, and retail.


• Ensure that valuations are reasonably supported, credible, and compliant with federal and state regulations, USPAP (Uniform Standards of Professional Appraisal Practice), FIRREA, bank policies and guidelines, and industry standards.


• Opine on the overall reasonableness and reliability of the appraisal reports received.


• Review, analyze, render, and communicate decisions regarding the acceptance of appraisals performed by third-party vendors.


• Complete internal appraisal assignments for use in loan underwriting decisions.


• Engage in regular communication with and serve as an advisor to Loan Officers and Executive Management on appraisal and real estate valuation matters.


• Order appraisals, complete market research projects, and conduct property site inspections as needed.


• All other duties, as assigned.

Required Qualifications:

• New York State General Appraiser Certification License (Current and in Good Standing) is required.


• Minimum 10+ years of recent experience appraising and/or reviewing complex multifamily residential, mixed-use, and/or commercial properties in the New York Metropolitan Area.


• Reviewer must have strong analytical, written, and verbal skills and be proficient with New York Metropolitan Area Real Estate.


• Knowledgeable, experienced, and familiar with various property types, including office, retail, multifamily, and cooperatives throughout the New York Metropolitan Area.


• Knowledge of commonly used real estate database sources, including RealQuest, Comps Inc., CoStar, and Multiple Listing Service (MLS), is a must.


• Good organizational and management skills and ability to work independently.


• Software proficiency in Microsoft Office Suite and Outlook.


• Bachelor's degree required.

Preferred Qualifications:

• Ability to solve problems involving multiple facets and variables in non-standardized situations.


• Ability to manage time efficiently to meet strict deadlines.


• MAI or AI-GRS (Review) Designation a plus.


• A degree in Accounting, Finance, Economics, or a related field is preferred.