What are the responsibilities and job description for the Risk Management - Real Estate Appraisal, Senior Associate 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 a Senior Real Estate Appraiser in the Valuation Services Group, you will leverage your expertise to deliver high-quality appraisals for multifamily and mixed-use commercial properties. You will collaborate with a dedicated team, receive comprehensive support, and gain hands-on experience that prepares you for future opportunities within our firm. Together, we ensure our appraisal reports meet rigorous quality standards and drive excellence in real estate valuation.
Job Responsibilities
- Appraise 5 unit multifamily residential, mixed-use, and commercial properties to estimate market value for financial related transactions in accordance with internal policies/procedures, industry standards and regulatory requirements (USPAP & FIRREA)
- Interview Real Estate market participants for rent and sales surveys, and analyze subject properties
- Manage time effectively to meet service level deadlines
- Understand building construction types, flood/environmental hazards, earthquake and zoning conditions (as pertinent)
- Perform administrative tasks that support the commercial real estate appraisal process
- Make risk-based decisions and collaborate with stakeholders to ensure appraisal reports are complete, accurate, credible, and reasonable based on sound real estate methodology
- Apply sound real estate appraisal methodology to all assignments
Required Qualifications, Capabilities, and Skills
- Bachelor’s degree from a four-year college
- State Certified General Appraiser License
- At least 3 years of experience appraising multifamily residential, mixed-use, or commercial properties
- Strong analytical, business writing, and oral communication skills
- Excellent critical thinking and problem-solving abilities
- Computer/technology knowledge as well as a proficiency in MS Word, Excel and Outlook (Microsoft Office Suite)
- In-depth knowledge of local real estate market trends and neighborhoods
- Commitment to ongoing development of market knowledge and awareness of national real estate trends
Preferred Qualifications, Capabilities, and Skills
- Experience with Discounted Cash Flow programs and methodologies
- Background in appraising properties for financial institutions
- Designation qualifications is a plus