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Tompkins Community Bank · 2 days ago

Commercial Real Estate Valuation Manager

Batavia, NY

Full-time

Hybrid

Senior Level, Lead/Staff

$135K/yr - $150K/yr

12+ years exp

Tompkins Community Bank is seeking a Commercial Real Estate Valuation Manager to lead their appraisal management functions. This role involves overseeing the valuation of real estate collateral for commercial and multifamily lending portfolios while ensuring compliance with regulatory standards and collaborating with various teams within the bank.

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Responsibilities

Directly supervise and mentor the bank’s Appraisal Division team

Develop and maintain a sound appraisal, appraisal review, and evaluation program for Tompkins Bank

Review and approve complex real estate appraisals for compliance with Uniform Standards of Professional Appraisal Practice (USPAP), Interagency Appraisal and Evaluation Guidelines, and bank-specific policies

Serve as a Subject Matter Expert and resource in lending and workout strategies for all commercial real estate and appraisal matters

Establish and maintain selection criteria and procedures to evaluate and monitor the ongoing performance of individuals and vendors who perform appraisals and evaluations

Develop and streamline appraisal processes to reduce turnaround times while maintaining accuracy

Partner with commercial lending, credit risk, and underwriting teams to provide valuation insights for loan approvals, portfolio monitoring, and portfolio reviews

Maintenance of an adequate panel of qualified appraisers, periodic review of appraiser performance, removal of poor-quality vendors and continuously recruiting and qualifying new vendors where needed

Assist the Commercial Collateral and Construction Management Officer with the development of an appropriate pricing structure for appraisal reviews and evaluations

Contribute to enterprise risk management by analyzing appraisal data to identify emerging market risks, such as fluctuations in real estate values, and recommend mitigation strategies

Prepare executive reports on appraisal activities, including volume metrics, compliance rates, and key valuation trends

Provide training to internal stakeholders on appraisal standards, market analysis, and regulatory updates to enhance overall lending acumen

As needed review Environmental Site Assessment reports for completeness, accuracy and potential risks

Cooperate with, participate in, and support the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Company’s compliance with all regulatory requirements; ensure that the unit and all personnel adhere to the same

Manage assigned team as required

Perform special projects as required

Additional responsibilities as assigned

Qualification

MAIAI-GRS certificationReal estate appraisals experienceIn-depth knowledge of USPAPCertified General Appraiser licenseProficiency with CoStarLeadership skillsInterpersonal relationsCommunication skillsAttention to detail