What are the responsibilities and job description for the Commercial Real Estate Specialist position at Stock Yards Bank & Trust?
Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, Central, Eastern and Northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets.
Job Title: Commercial Real Estate Specialist
FLSA Status: Exempt
Department: Credit Administration
Hours of Operation: Monday – Friday, 8:00 – 5:00
General Job Summary
Responsible for supporting the efficient management of the appraisal department processes and ensuring that all related tasks and documentation are handled in an organized and timely manner. This includes managing invoice processing and general ledger balancing, assisting in the maintenance of a comprehensive vendor list and due diligence documents, reviewing weekly reporting for system data integrity, reviewing and ordering non-complex valuation products in the Appraisal Department.
Organizational Duties And Responsibilities
Education: High School Diploma
Experience: Real Estate valuation or review experience a plus
Specific Skills
The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Job Title: Commercial Real Estate Specialist
FLSA Status: Exempt
Department: Credit Administration
Hours of Operation: Monday – Friday, 8:00 – 5:00
General Job Summary
Responsible for supporting the efficient management of the appraisal department processes and ensuring that all related tasks and documentation are handled in an organized and timely manner. This includes managing invoice processing and general ledger balancing, assisting in the maintenance of a comprehensive vendor list and due diligence documents, reviewing weekly reporting for system data integrity, reviewing and ordering non-complex valuation products in the Appraisal Department.
Organizational Duties And Responsibilities
- Supports the mission, vision and philosophy of the Bank. Complies willingly with all organizational policies and procedures.
- Supports all functions that maintain compliance with regulatory agencies.
- Manage appraisal invoice process through Accounts Payable and Transaction Management System (TMS)
- Maintain and balance general ledgers for the Appraisal team
- Prepare cover letters that accompany valuation reports for Regulation B guidelines
- Assist in maintenance of Bank approved appraiser directory including collection of vendor due diligence documents
- Assist in preparation and organization of reports related to vendor invoicing and payment, and due diligence documents
- Obtain real estate information using public records, brokerage reports, or other available resources for underwriting and real property valuation and reporting
- Order and review non-complex real estate valuation products (i.e. Evaluations, AVMs, Desktops, and Validations)
- Interact and communicate with SYB internal/external customers regarding needed information to complete valuation assignments, particularly any documents required, costs, and due dates
- Orders supplies and equipment for the Credit Department
- Provide administrative assistance, as required, by the Review Supervisor
- Help streamline the appraisal order or review, vendor invoicing and due diligence documentation, or general ledger processes
- Other duties and projects as assigned
Education: High School Diploma
Experience: Real Estate valuation or review experience a plus
Specific Skills
- Applies active learning skills to remain conversant of appraisal regulatory issues related to banking
- Communicate effectively through writing and speaking as appropriate for the needs of the audience
- Ability to apply general rules, policies, and regulations to specific problems to produce answers that make sense
- Excellent organizational skills
- Computer proficient
- Effectively use Microsoft Excel and Word to create spreadsheets and various documents
- Efficiently manage time to meet demands of a fast-paced environment and deadlines
- Resourcefully prioritize work and tasks to meet established goals
- Work well under pressure of multiple tasks and adjust to varied workload
The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Primarily sedentary work performed in an office environment
- Ability to sit for extended periods of time while working at a computer
- Frequent use of hands and fingers to operate a computer, keyboard, mouse, and other office equipment
- Ability to speak clearly and hear well enough to communicate with clients, team members, and vendors via phone, video, and in person
- Visual acuity sufficient to read computer screens, printed documents, and financial data
- Occasional standing, walking, bending, or reaching
- Ability to lift and carry up to 10–15 pounds occasionally (e.g., files, office supplies)
- 401(K) with a company match of up to 6%
- ESOP employer match
- Medical insurance
- Dental insurance
- Vision insurance
- Cancer/Disease insurance
- Accident insurance
- Flexible Spending Accounts
- Flexible Savings Accounts
- Health Savings Accounts
- Bank paid Life/AD&D insurance
- Voluntary Life/AD&D insurance
- Bank paid Short-Term and Long-Term Disability insurance
- Employee Stock Purchase Plan
- Employee Assistance Program