Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Orders and reviews appraisals and evaluations used for commercial real estate lending and provides appraisal and consulting services to all lines of business and transaction-specific professional guidance. Specific responsibilities include, but are not limited to, scoping requests for services, bidding process, award process, managing external suppliers and appraisal review. Additional responsibilities may include client team training; supervisory responsibilities, including management of procurement or review teams; and/or management of external reviewers.
Evaluates valuation requests for policy/regulatory compliance:
- Develops vendor statements of work for each order
- Selects prequalified vendors and distributes RFPs
- Executes award and monitors vendor performance
- Reviews reports for contract compliance; grades performance
- Performs quality assurance (detailed) reviews
- Invoice preprocessing and validation
- 1st -level business and vendor dispute resolution (e.g. vendor selection, utilization frequency, invoicing, etc.)
Required Skills:
- Active State-Certified General Real Estate Appraisal Credential
- 5+ years commercial real estate appraisal experience
- Intermediate proficiency in the use of the following software applications: Argus and/or Rockport Val, (cash flow software), Microsoft Excel (spreadsheet).
- Basic proficiency in other department programs including: Microsoft Word (word processing)
- An in-depth working knowledge of valuation theory and methodology for commercial and residential appraisals
- Able to write concise technical opinions in language comprehensible to expert and layman alike
- Able to work independently in a remote setting
- Commercial appraisal review experience for federally-regulated banking institution or equivalent highly preferred
- Able to adapt to new technology and changes to recognized valuation methods and techniques
Desired Skills:
- 2+ years commercial appraisal review experience for federally regulated banking institution or equivalent
- MAI designation
- Bachelor’s degree (financial degree or equivalent)
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)Pay and benefits informationPay range$90,400.00 - $156,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.Skills Required
- Active State-Certified General Real Estate Appraisal Credential
- 5+ years commercial real estate appraisal experience
- Intermediate proficiency in Argus and/or Rockport Val (cash flow software)
- Intermediate proficiency in Microsoft Excel
- Basic proficiency in Microsoft Word
- In-depth working knowledge of valuation theory and methodology for commercial and residential appraisals
- Ability to write concise technical opinions understandable to experts and laymen
- Able to work independently in a remote setting
- Commercial appraisal review experience for a federally-regulated banking institution or equivalent (2+ years preferred)
- MAI designation
- Bachelor's degree (financial degree or equivalent)
- Able to adapt to new technology and changes to recognized valuation methods and techniques
Bank of America Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Bank of America and has not been reviewed or approved by Bank of America.
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Fair & Transparent Compensation — The $25/hour U.S. minimum wage, reaffirmed in recent company materials, sets a clear compensation floor that lifts entry-level and operations pay. Public salary information and disclosures provide visible benchmarks for pay across roles.
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Parental & Family Support — Parental leave extends up to 26 weeks with 16 weeks fully paid for eligible teammates, alongside backup child and adult care and a dedicated Life Event Services team. Family-building assistance offers up to a $20,000 lifetime reimbursement and bereavement leave provides 20 paid days for loss of a spouse, partner, or child.
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Retirement Support — Retirement programs include a 401(k) match up to 5% of eligible pay plus an additional 2–3% annual company contribution based on service. These employer contributions add meaningful long-term value beyond base pay.
Bank of America Insights
What We Do
We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth. Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
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