What are the responsibilities and job description for the Real Estate Appraisal Officer position at JPMorgan Chase?
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.
Job Summary
As an Associate Real Estate Appraiser within the Valuation Services Group, you will bring your passion for real estate and the eagerness to work with a certified general real estate appraiser to assist in the preparations of a variety of multifamily and commercial appraisal assignments. The team specializes in multifamily and commercial appraisal assignments, with a strong emphasis on multifamily product ranging from 5 to 500 units. We are dedicated to helping real estate appraisal professionals grow with our team and ensuring that appraisal reports meet our strong quality assurance standards. In this position we will provide you with hands-on real estate experience that will prepare you for a variety of real estate related roles within the firm. You will be provided all the equipment, training, data sources and software.
Job Responsibilities
Collecting, organizing, analyzing, and reporting appraisal related market data through internal and external data sources, and understanding all company research related database and software programs.
Closely monitoring local and regional commercial real estate markets and reporting on any pertinent news or trends.
Conducting property-level due diligence and/or inspecting properties as part of the valuation process.
Assisting in the preparation of appraisal reports, with level of contribution toward completion increasing over tenure in the position.
Working closely with a general certified appraiser in order to complete appraisal assignments in a timely manner.
Estimating the market value of collateral/security for real estate loans in accordance with internal policies/procedures, industry standards, and regulatory requirements.
Interviewing real estate market participants for rent surveys, sales verifications, and subject property analysis.
Performing other duties as assigned, as necessary.
Required qualifications, capabilities and skills
Minimum a 4-year college degree.
Must have a General Appraiser License, Residential Appraisal license, Appraiser Trainee license, or be working toward General Real Estate Appraiser state licensure.
Strong analytical, organizational, and multi-tasking skills within a group setting and individually.
Advanced oral and written communication skills.
Computer/technology knowledge is required as well as a proficiency in MS Word, Excel, and Outlook (Microsoft Office Suite).
The ability to self-motivate and manage time efficiently to meet service level deadlines.
A passion for learning about local real estate market areas and neighborhoods.
Ability to independently travel to property inspections and for market research.
Preferred qualifications, capabilities and skills
Exposure to multifamily or commercial real estate transactions or analytics.
A strong desire to gain an in-depth understanding of various building construction types, flood/environmental hazards, earthquake standards, and zoning conditions, with level of understanding expected to increase over the tenure in this position.