Employer’s Valuation and Advisory Services Line of Business (VAS) offers an ideal place for an appraiser to build their business, personal brand and advance their career, working alongside some of the most talented real estate professionals in the industry. Employer is a Fortune 500 company and Employer VAS is the largest valuation firm in the world (by revenue). With this unique market position, Employer VAS is able to leverage its unparalleled resources to invest in an appraiser’s business through team building opportunities, technology and the potential to specialize. Employer empowers employees to manage their own careers to reach their individual goals. Employer employees enjoy a flexibility workplace with tremendous scale.
Employer is currently seeking candidates for a Vice President position specializing in right-of-way related appraisal. In this role, an appraiser is expected to independently prepare appraisals on simple and complex real estate assets with review by Director, Managing or Director, Sr. Managing (one of whom must be [MAI] Member of the Appraisal Institute). The appraiser is also expected to perform other valuation services that involve advanced analysis and research. Additionally, the appraiser is expected to provide litigation support services such as consultation and expert witness testimony. The expectation of this role is that the appraiser will eventually mentor trainees, develop new client relationships, support and enhance existing client relationships and rapidly grow revenue. Compensation for this position is directly tied to production, meaning that there is an expectation that compensation will increase as growth occurs. There is an annual production expectation of at least $400,000.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Identifies value to be estimated by studying appraisal request, problem to be solved, and scope of the project, such as, mortgage financing, insurance replacement cost calculation, estate valuation, tax appeals, equitable distribution, corporate employee relocation, investment, or sale; identifying property characteristics.
Determines valuation method by selecting approach and techniques for valuing property, i.e., cost, direct sales comparison, and income capitalization; identifying property characteristics and attributes.
Researches and analyzes property information by collecting, verifying, and analyzing data regarding inventory of competitive properties, sales and listings, vacancies and offerings, absorption rates, demand studies, social, economic, governmental, and environmental characteristics, restrictions, encumbrances, covenants, contracts, declarations, special assessments, ordinances, cost and depreciation, income/expense and capitalization rate, history of ownership, and use of the property; conducting analyzes and studies, e.g., land utilization, supply and demand, economic feasibility, highest and best use, marketability, development, litigation support; searching databases; inspecting property; interviewing people in a position to understand the property.
Prepares appraisal report by describing physical and economic property characteristics, appraisal procedures used, and information analyzed; disclosing extraordinary assumptions, and hypothetical and limiting conditions; presenting supportive reasoning.
When requested, presents expert witness testimony and other litigation support services.
Maintains organization reputation by conforming to the Uniform Standards of Professional Appraisal Practice (USPAP); keeping information confidential.
Updates job knowledge by tracking current real estate values and property development potential, including land use restrictions; participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations for the purpose of conducting accurate appraisals.
Contributes to overall organizational goals by adding to database, setting up a library, specializing in niche real estate markets, mentoring trainees, and engaging in client development.
Other duties may be assigned
No formal supervisory responsibilities in this position. However, team formation is encouraged and in that capacity the appraiser is expected to; supervise team members; coordinate and assign tasks to team members; identify training needs, track performance, coach and motivate team members. QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelor’s Degree (BA or BS) from four-year college or university required. Master’s degree (MA, MS or MBA) preferred. A minimum of (5) years commercial appraisal experience preferred. Institutional review experience is a plus.
CERTIFICATES and/or EXPERIENCE
Must have General State Certification/License. MAI and IRWA designation preferred
Ability to listen market participants and support value components/conclusions verbally. The ability to persuade; to disagree without being disagreeable. Ability to comprehend, analyze, and interpret complex business documents. Ability to respond effectively to sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients and/or public groups. Ability to motivate and negotiate effectively with key employees and client groups to take desired action.
Requires above-average knowledge of financial real estate terms and principles. Complete understanding of approaches to value of real estate assets.
Ability to solve advanced problems and deal with a variety of options in complex situations. Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions for a growing matrix-based multi-industry sales environment.
OTHER SKILLS and ABILITIES
Must be proficient in Argus, MS Word and MS Excel. Good writing skills.
SCOPE OF RESPONSIBILITY
Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause short-term impact to department.
Location/Region: Saddle Brook, NJ (US)