Appraisal Manager -Abingdon, VA

The First Bank & Trust Company is seeking a qualified Appraisal Manager in Abingdon, VA. The ideal candidate for this role is a self-starter and organized individual. The Appraisal Manager is responsible for overseeing the Bank's real estate appraisal function, including the ordering, review, and compliance management of both commercial and residential appraisals. This position ensures adherence to regulatory requirements, internal policies, and industry standards while supporting safe and sound lending practices. 

The Appraisal Manager supervises the commercial and residential appraisal reviewers and is responsible for delivering thorough, well-documented appraisal review reports that support credit decisions and risk mitigation. 

Prior appraisal knowledge and experience is not required but is highly desirable for this position and the ideal candidate should have 5 years of Banking or Appraisal experience. 

ESSENTIAL DUTIES AND RESPONSIBILITIES: 

• Oversees the ordering and engagement of third-party appraisers for commercial and residential real estate transactions. 
• Ensure compliance with federal banking regulations, including Interagency Appraisal and Evaluation Guidelines.
• Conduct or supervise in-depth technical reviews of commercial and residential appraisal reports. 
• Prepare detailed written review reports summarizing findings, risk factors, deficiencies and recommendations. 
• Manage and supervise all Appraisal Reviewers including performance management and workflow oversight. 
• Ensure independence of the appraisal function from loan production. 
• Maintain and manage the Bank's approved appraisal panel. 
• Monitor appraisal turn times and service levels. 
• Stay current on regulatory changes and industry best practices affecting appraisal review and valuation process. 
• Partner with Credit Administration, Loan Officers, Compliance and Audit to resolve appraisal-related issues. 
• Assist with internal audits, regulatory examinations, and external reviews related to valuation risk management. 

QUALIFICATIONS

• Bachelor's degree in Finance, Real Estate, Business or related field preferred. 
• Certified General or Certified Residential designation strongly preferred. 
• Experience in banking or financial institution environment preferred. 
• Demonstrated supervisory or leadership experience. 
• Excellent analytical, written, and verbal communication skills. 
• Strong understanding of regulatory requirements governing appraisal independence and review. 
   

BENEFITS FOR FULL-TIME EMPLOYEES:

• PTO Leave is 20 Days per year earned monthly. 
• First Bank and Trust recognizes 11 paid holidays, when the holidays occurs during the work week. 
• Medical, Dental and Vision Insurance coverage starts the 1st day of the month after hire date. 
• Employees are automatically enrolled in the bank's 401K/ESOP Plan. 
• First Bank and Trust provides basic life insurance coverage equal to two times an employees' base salary.
• First Bank and Trust provides long-term disability Insurance coverage. 
• Normal work week is Monday- Friday between 8:30-5:00.

First Bank and Trust is an Equal Opportunity Employer                       EOE/AA/M/F/Disabled/Veteran