Commercial Valuation Officer
Old National Bank, Louisville, KY, United States
Overview
Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
We continually seek highly motivated and talented individuals; in return, we offer competitive compensation with our salary and incentive program, medical, dental, and vision insurance, 401K, continuing education opportunities, and an employee assistance program. Old National also offers Impact Network Groups led by passionate team members to promote inclusion.
Responsibilities
We are currently seeking a Commercial Appraisal Review Officer who will review commercial real estate appraisals and produce restricted appraisals (internal evaluations). The appraisal review process will be performed in conformance with Standards 3 and 4 of the Uniform Standards of Professional Appraisal Practice (USPAP). Restricted appraisal reports will conform with Standards 1 and 2 of USPAP. The position requires knowledge of the Interagency Appraisal and Evaluation Guidelines (IAEG), USPAP, and ONB Guidelines and Procedures, and general real estate industry knowledge across various commercial property classes. The officer is expected to be self‑directed, goal‑oriented, capable of making quick independent decisions in a fast‑paced environment, with a focus on client expectations.
Your office can be anywhere throughout our footprint in the Midwest. We require candidates who possess certified general appraisal licenses in IL, IN, WI, MI, MN, KY, ND, and TN. The MAI designation is preferred.
Salary Range
The annual salary range for this position is $80,000–$128,000 plus incentive bonus. The base salary reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers may vary based on responsibilities, skills, experience, education, and geographic location.
Key Accountabilities
Complete appraisal reviews in compliance with USPAP Standards 3 and 4 while recognizing appropriate appraisal methodology and techniques.
Opine on the completeness, accuracy, adequacy, relevance, and reasonableness of appraisals.
Understand industry nuances between property types and knowledge across asset classes.
Complete Internal Evaluations (Restricted Appraisal Reports)
Complete restricted appraisal reports in compliance with USPAP Standards 1 and 2.
Understand various property types and classes.
Review and analyze all current documentation relevant to the appraisal process including leases, operating history, contracts, easements, and surveys.
Recognize and apply appropriate appraisal methodology and techniques.
Provide Real Estate Consultation and Manage Internal Client Relationships
Consult with internal clients on real estate appraisal methodology and techniques.
Provide guidance related to the IAEGs, USPAP, and ONB Guidelines and Procedures.
Operate independently and solve problems using independent judgement with limited oversight.
Provide clear and concise communications to vendors and internal clients.
Continue Education and Maintain Required Licensure
Maintain appropriate real estate licensure within ONB’s traditional footprint.
Enhance knowledge through continuing education, particularly on relevant and emerging real estate topics.
Pursue educational opportunities as part of a professional development plan.
Key Competencies for Position
Culture Leadership
Communication – effectively shares information and ideas with individuals and groups; displays self‑awareness and self‑management; tailors delivery to the audience; responds promptly; provides clear and concise real estate reports.
Execution Leadership
Technical Knowledge – possesses the required technical knowledge (real estate knowledge, industry standards, and best practices) and is capable and proficient in IAEG, USPAP, and ONB Guidelines and Procedures.
Problem Solving/Decision Making – independently identifies issues and opportunities, gathers relevant information, and makes sound decisions based on analysis, wisdom, experience, and judgement.
Drive and Execution – committed to achieving and exceeding established goals; focuses on learning to improve performance; accepts reasonable requests that go beyond the normal scope.
Client Leadership
Client Leadership – puts the client at the forefront of everything; seeks first‑hand client information; maintains long‑term relationships with clients.
Qualifications and Education Requirements
Active Certified General Appraisal License.
Five years of overall experience in commercial or residential real estate appraisal work.
Bachelor’s degree in business, finance, or a related discipline, or equivalent demonstrated work experience.
Master’s degree in a real estate related discipline or a professional real estate designation is preferred.
Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures, and thinking styles. All qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, protected veteran status, disability, sexual orientation, gender identity, or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have a signed agreement with the Director of Talent Acquisition.
Our Culture
Optimistic
Collaborative
Inclusive
Agile
Ethical
We are Old National Bank. Join our team!
#J-18808-Ljbffr
Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
We continually seek highly motivated and talented individuals; in return, we offer competitive compensation with our salary and incentive program, medical, dental, and vision insurance, 401K, continuing education opportunities, and an employee assistance program. Old National also offers Impact Network Groups led by passionate team members to promote inclusion.
Responsibilities
We are currently seeking a Commercial Appraisal Review Officer who will review commercial real estate appraisals and produce restricted appraisals (internal evaluations). The appraisal review process will be performed in conformance with Standards 3 and 4 of the Uniform Standards of Professional Appraisal Practice (USPAP). Restricted appraisal reports will conform with Standards 1 and 2 of USPAP. The position requires knowledge of the Interagency Appraisal and Evaluation Guidelines (IAEG), USPAP, and ONB Guidelines and Procedures, and general real estate industry knowledge across various commercial property classes. The officer is expected to be self‑directed, goal‑oriented, capable of making quick independent decisions in a fast‑paced environment, with a focus on client expectations.
Your office can be anywhere throughout our footprint in the Midwest. We require candidates who possess certified general appraisal licenses in IL, IN, WI, MI, MN, KY, ND, and TN. The MAI designation is preferred.
Salary Range
The annual salary range for this position is $80,000–$128,000 plus incentive bonus. The base salary reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers may vary based on responsibilities, skills, experience, education, and geographic location.
Key Accountabilities
Complete appraisal reviews in compliance with USPAP Standards 3 and 4 while recognizing appropriate appraisal methodology and techniques.
Opine on the completeness, accuracy, adequacy, relevance, and reasonableness of appraisals.
Understand industry nuances between property types and knowledge across asset classes.
Complete Internal Evaluations (Restricted Appraisal Reports)
Complete restricted appraisal reports in compliance with USPAP Standards 1 and 2.
Understand various property types and classes.
Review and analyze all current documentation relevant to the appraisal process including leases, operating history, contracts, easements, and surveys.
Recognize and apply appropriate appraisal methodology and techniques.
Provide Real Estate Consultation and Manage Internal Client Relationships
Consult with internal clients on real estate appraisal methodology and techniques.
Provide guidance related to the IAEGs, USPAP, and ONB Guidelines and Procedures.
Operate independently and solve problems using independent judgement with limited oversight.
Provide clear and concise communications to vendors and internal clients.
Continue Education and Maintain Required Licensure
Maintain appropriate real estate licensure within ONB’s traditional footprint.
Enhance knowledge through continuing education, particularly on relevant and emerging real estate topics.
Pursue educational opportunities as part of a professional development plan.
Key Competencies for Position
Culture Leadership
Communication – effectively shares information and ideas with individuals and groups; displays self‑awareness and self‑management; tailors delivery to the audience; responds promptly; provides clear and concise real estate reports.
Execution Leadership
Technical Knowledge – possesses the required technical knowledge (real estate knowledge, industry standards, and best practices) and is capable and proficient in IAEG, USPAP, and ONB Guidelines and Procedures.
Problem Solving/Decision Making – independently identifies issues and opportunities, gathers relevant information, and makes sound decisions based on analysis, wisdom, experience, and judgement.
Drive and Execution – committed to achieving and exceeding established goals; focuses on learning to improve performance; accepts reasonable requests that go beyond the normal scope.
Client Leadership
Client Leadership – puts the client at the forefront of everything; seeks first‑hand client information; maintains long‑term relationships with clients.
Qualifications and Education Requirements
Active Certified General Appraisal License.
Five years of overall experience in commercial or residential real estate appraisal work.
Bachelor’s degree in business, finance, or a related discipline, or equivalent demonstrated work experience.
Master’s degree in a real estate related discipline or a professional real estate designation is preferred.
Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures, and thinking styles. All qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, protected veteran status, disability, sexual orientation, gender identity, or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have a signed agreement with the Director of Talent Acquisition.
Our Culture
Optimistic
Collaborative
Inclusive
Agile
Ethical
We are Old National Bank. Join our team!
#J-18808-Ljbffr