Chief Appraiser

Role Summary

• Directs Real Estate Appraisal.
• Advises Management as to the adequacy, quality, and value of its real estate collateral.
• Provides real estate expertise to SMBC management.
• Recommends, implements, and administers policies and procedures with regard to real property appraisals

Reporting Relationships

• Reports to the Chief Risk Officer
• Direct Reports:

• Deputy Chief Appraiser
• Appraisal Administrator

Principal Responsibilities/Duties

• Develops short- and long-term goals and objectives for Real Estate Appraisal.
• Recommends, implements, and administers appraisal guidelines, policies, and procedures for the Bank.
• Monitors federal, state and local laws as they relate to real estate appraisal and incorporates necessary changes into SMBC policies and procedures.
• Develops, directs, and maintains an appraisal staff knowledgeable in all areas of real property analysis and capable of evaluating the Bank's real property interests.
• Solicits and approves qualified, state-licensed fee appraisers for SMBC appraisal assignments. Maintains, monitors, and distributes list(s) of approved appraisers. Note: The list of commercial real estate appraisers will not be distributed outside of Real Estate Appraisal.
• Performs various personnel functions, including making or recommending decisions regarding hiring, transfers/promotions, performance reviews, salary adjustments, disciplinary actions, and terminations.
• Reviews or causes to be reviewed appraisals and evaluations for accuracy, completeness, logic, and regulatory compliance.
• Resolves appraisal and/or valuation issues for SMBC departments as needed.
• Monitors changes in the appraisal profession and allied fields and effectuates changes as necessary in SMBC policies and procedures.
• Reviews, monitors, and analyzes real estate market conditions.

Qualifications And Skills

• Licensed as a Certified General Real Estate Appraiser by relevant key U.S. states.
• Graduation from an accredited four-year college.
• Comprehensive knowledge of real estate appraising, generally acquired through a minimum of eight years’ experience in appraising residential, industrial and commercial properties.
• A thorough knowledge of appraisal techniques including discounted cash flow and internal rate of return analyses.
• Proven managerial ability, generally demonstrated through a minimum of four years’ experience.
• Strong oral and written communication skills.
• The ability to operate an automobile to travel to and from appraisal inspection sites.

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.