Commercial Valuation Officer
Old National Bank, Gurnee, IL, United States
Commercial Valuation Officer
Job Locations: US-IL-Deerfield, US-MN-Lake Elmo, US-MN-Saint Paul, US-MN-Minneapolis, US-IL-Chicago, US-IN-Indianapolis, US-KY-Louisville, US-MI-Grand Rapids, US-IL-Plainfield, US-IL-Joliet, US-IL-Gurnee, etc.
Overview
Old National Bank serves clients and communities since 1834 with over $70 billion in total assets. The institution is committed to social responsibility, community investment, and a diverse, client‑focused culture.
Responsibilities
Commercial Appraisal Review Officer responsibilities include reviewing commercial real estate appraisals and producing 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. This 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.
Your office can be anywhere throughout our footprint in the Midwest. Candidates must 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. Base salary is applicable to all levels across the United States; final offers may vary by responsibilities, skills, experience, education, and geography.
Position may be filled as a Senior role, depending on the skills and qualifications of the candidate.
Key Accountabilities
Review Commercial Appraisal Reports:
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 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, surveys, etc.
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 judgment/discretion 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 the delivery to the audience; responds to internal and external clients, vendors, and others in a timely manner; provides clear and concise real estate reports.
Execution Leadership: Technical Knowledge – possesses required technical knowledge and industry standards to perform the role effectively; continuous learning to adopt new trends or expertise; proficient in IAEG, USPAP and ONB Guidelines and Procedures.
Execution Leadership: Problem Solving/Decision Making – independently and with limited oversight seeks to identify and recognize issues, problems, or opportunities; determines whether action is needed; gathers information from multiple sources to ensure effective action and shared ownership; anticipates consequences of decisions and works proactively through potential concerns to identify contingency plans.
Execution Leadership: Drive and Execution – committed to achieving and exceeding established goals; overcomes obstacles; continuously learns to improve performance to ensure job effectiveness; responsive to reasonable requests beyond normal scope.
Client Leadership: Client Leadership – puts the client at the forefront of everything; seeks first‑hand client information and perspective; uses insight to shape behaviors and actions; builds and maintains long‑term relationships with clients.
Qualifications and Education Requirements
Active Certified General Appraisal License.
Five‑years of overall experience in commercial/residential real estate appraisal work.
Bachelor's degree in business, finance or related discipline, or equivalent demonstrated work experience.
Master's degree in real estate related discipline or professional real estate designation preferred.
Equal Employment Opportunity Statement
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 for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity, or any other characteristic protected by law.
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Job Locations: US-IL-Deerfield, US-MN-Lake Elmo, US-MN-Saint Paul, US-MN-Minneapolis, US-IL-Chicago, US-IN-Indianapolis, US-KY-Louisville, US-MI-Grand Rapids, US-IL-Plainfield, US-IL-Joliet, US-IL-Gurnee, etc.
Overview
Old National Bank serves clients and communities since 1834 with over $70 billion in total assets. The institution is committed to social responsibility, community investment, and a diverse, client‑focused culture.
Responsibilities
Commercial Appraisal Review Officer responsibilities include reviewing commercial real estate appraisals and producing 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. This 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.
Your office can be anywhere throughout our footprint in the Midwest. Candidates must 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. Base salary is applicable to all levels across the United States; final offers may vary by responsibilities, skills, experience, education, and geography.
Position may be filled as a Senior role, depending on the skills and qualifications of the candidate.
Key Accountabilities
Review Commercial Appraisal Reports:
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 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, surveys, etc.
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 judgment/discretion 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 the delivery to the audience; responds to internal and external clients, vendors, and others in a timely manner; provides clear and concise real estate reports.
Execution Leadership: Technical Knowledge – possesses required technical knowledge and industry standards to perform the role effectively; continuous learning to adopt new trends or expertise; proficient in IAEG, USPAP and ONB Guidelines and Procedures.
Execution Leadership: Problem Solving/Decision Making – independently and with limited oversight seeks to identify and recognize issues, problems, or opportunities; determines whether action is needed; gathers information from multiple sources to ensure effective action and shared ownership; anticipates consequences of decisions and works proactively through potential concerns to identify contingency plans.
Execution Leadership: Drive and Execution – committed to achieving and exceeding established goals; overcomes obstacles; continuously learns to improve performance to ensure job effectiveness; responsive to reasonable requests beyond normal scope.
Client Leadership: Client Leadership – puts the client at the forefront of everything; seeks first‑hand client information and perspective; uses insight to shape behaviors and actions; builds and maintains long‑term relationships with clients.
Qualifications and Education Requirements
Active Certified General Appraisal License.
Five‑years of overall experience in commercial/residential real estate appraisal work.
Bachelor's degree in business, finance or related discipline, or equivalent demonstrated work experience.
Master's degree in real estate related discipline or professional real estate designation preferred.
Equal Employment Opportunity Statement
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 for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity, or any other characteristic protected by law.
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