at J.P. Morgan
Bulge Bracket Investment BanksPosted 14 days ago
No clicks
In this role, you'll lead the valuation process for multifamily and mixed-use commercial properties, ensuring accurate and timely appraisals for financial institutions. Here's a refined summary of your responsibilities and preferred qualifications: **Responsibilities:** - Lead the valuation process for multifamily and mixed-use commercial properties, ensuring accurate and timely appraisals for financial institutions. - Conduct comprehensive market analyses, including rent comparables, sales comparables, and income capitalization analysis. - Prepare narrative reports, complying with Uniform Standards of Professional Appraisal Practice (USPAP) and Fannie Mae/ Freddie Mac appraisal report requirements. - Collaborate with other appraisers, analysts, and underwriters to ensure valuations support loan underwriting decisions. - Stay updated on market trends, regulatory changes, and industry developments to provide informed valuation opinions. - Mentor and train junior appraisers to foster a culture of professional growth and continuous learning. **Preferred Qualifications & Skills:** - Bachelor's degree in Real Estate, Finance, or a related field. (Master's degree is a plus) - State Certified General Appraiser license, or equivalent certification. - Minimum of 3 years of experience appraising multifamily and mixed-use commercial properties. - Proficient in Microsoft Office Suite, with a strong knowledge of discounted cash flow (DCF) programs and methodologies. - Familiarity with Fannie Mae, Freddie Mac, and other financial institution appraisal guidelines. - Excellent analytical, writing, and communication skills, with the ability to interpret complex data and convey findings accurately. - Strong time management and organizational skills, with the ability to manage multiple projects and meet deadlines. - The curiosity to learn and adapt to new tools and technologies, with
- Compensation
- Not specified
- City
- Not specified
- Country
- United States
Currency: Not specified
Full Job Description
Location: Walnut Creek, CA, United States
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
Job Summary
As a Senior Real Estate Appraiser within the Valuation Services Group, you will bring your 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. You will be provided all the equipment, training, data sources and software for real estate appraisers who have an eagerness and passion for ensuring that appraisal reports meet our strong quality assurance standards. In this position we will provide you with hands-on real estate experience that will prepare you for a variety of real estate related roles within the firm.
Job Responsibilities
- Appraise 5+ unit multifamily residential, mixed use and/or commercial properties to estimate the market value for related financial transactions in accordance with internal policies/procedures, industry standards and regulatory requirements (USPAP & FIRREA).
- Interview real estate market participants for rent surveys, sales surveys and subject property analysis.
- Manage time efficiently to meet service level deadlines.
- Understand various building construction types, flood/environmental hazards, earthquake and zoning conditions (as pertinent).
- Learn and perform the administrative tasks that drive the CRE Appraisal process.
- Utilize risk-based decisions, work with stakeholders to ensure that appraisal reports are complete, accurate, credible, relevant, and reasonable based on sound real estate appraisal methodology.
Required qualifications, capabilities and skills
- Minimum a 4-year college degree.
- A State Certified General Appraiser License
- Minimum 3 years of experience appraising multifamily residential, mixed-use and/or commercial properties.
- Strong analytical, business writing and oral communication skills.
- Strong critical thinking and problem solving.
- Computer/technology knowledge as well as a proficiency in MS Word, Excel and Outlook (Microsoft Office Suite).
- Deep knowledge of local real estate market trends and neighborhoods.
- Continual development of local market knowledge and national real estate trends is required.
Preferred qualifications, capabilities and skills
- Discounted Cash Flow programs knowledge and methodologies.
- Experience appraising for financial Institutions.
