The purpose of this position is to assist the Manager of Appraisal Review and Environmental Risk with providing appraisal services. The primary responsibility for this position is to review commercial appraisals. The position will also engage appraisers for appraisal assignments and provide some evaluation services. In addition, the position will assist in quality control of the appraiser panel and monitor appraisers for performance on a periodic basis.
Location: This role is open to hybrid work within the Washington Trust Bank footprint of WA, ID and OR. Regular, reliable attendance is required.
Essential Functions:
- Reviews commercial real estate appraisals for USPAP and FIRREA compliance, valuation methodology and application and determination of an appropriate market value estimate for extension of credit.
- Inspects collateral as part of the review process when necessary or appropriate.
- Bids and engages appraisers for valuation assignments.
- Assists the Manager of Appraisal Review and Environmental Risk in selecting the approved appraiser panel and monitor the quality of the product. Submits recommendations to the Manager of Appraisal Review and Environmental Risk regarding the continuation, limitations or removal of an appraiser from the approved appraiser panel.
- Provides evaluation and validation services, as needed.
- Assists the Manager of Appraisal Review and Environmental Risk in development and implementation of appraisal policy and procedures.
- Assists the credit department staff regarding appraisal issues as required in the credit management process.
- Integrates effective Internal Controls into all applicable work processes. Maintains a working knowledge of Internal Controls with particular attention to Key Controls. Is responsible for ensuring that updates to Internal Controls documentation are performed timely when there are changes in the risk parameters and/or workflow.
- Regular, reliable attendance is required
- Perform compliance and risk management duties as required or assigned.
Qualifications:
- General state appraisal license certification in Washington and/or Idaho, to be current at all times.
- Four-year college degree with an emphasis in real estate, finance, economics, real property valuation, urban land economics/planning, or other related field. Eight years of direct appraisal experience may substitute for a four-year college degree.
- Proficiency with MS Office.
- Possess excellent written, verbal and listening skills.
- Possess a current automobile license.
Compensation:
Appraisal Officer - $89,158 - $133,795
Sr. Appraisal Officer - $102,125 - $153,187
The compensation range represents the low and high end of the base compensation range for this position located in Spokane, WA. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. This position is eligible to participate in an applicable incentive plan.
What Our Culture Can Offer You:
Our benefit philosophy is to provide you with a comprehensive package to secure your overall wellness and help you become and remain a fulfilled and productive employee. Our benefits include Health, Financial, Retirement and Work/Life Benefits. We are proud to share an overview of our benefits HERE as part of your total compensation.
Washington Trust Bank celebrates diversity in the workplace and actively recruits talent to help reflect the unique communities where we live and work. We are proud to be an equal opportunity employer and prohibit discrimination or harassment based on race, religion, sex, gender identity, sexual orientation, national origin, age, pregnancy, disability, genetic information and any other protected characteristics outlined by state, federal and local laws. We believe strength comes from the diverse backgrounds and experiences of our team, and we are dedicated to fostering a supportive and inclusive work environment.
Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThis employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- General state appraisal license certification in Washington and/or Idaho, current at all times.
- Four-year college degree in real estate, finance, economics, real property valuation, urban land economics/planning, or related field (or eight years direct appraisal experience may substitute).
- Proficiency with MS Office.
- Excellent written, verbal, and listening skills.
- Possess a current automobile license.
- Regular, reliable attendance.
- Knowledge of USPAP and FIRREA compliance and appraisal valuation methodology.
- Ability to inspect collateral as part of the review process when necessary.
What We Do
Community driven. Fun. Energetic. Relationship centric. Most likely, when you think of the banking industry these are not terms that come to mind. Washington Trust Bank is different, and we are proud of that difference. We are enthusiastic and passionate about providing rewarding careers and excited about building relationships in the communities we serve. We’re an equal opportunity employer offering a comprehensive benefits program and pride ourselves on being an excellent place to work, meeting the financial needs of our individual, business and wealth management clients.
