VP, Real Estate Risk Review Officer

Position Description

Title:                           VP, Real Estate Risk Review Officer

Department:              Credit Administration

Reports to:                 SVP, Chief Credit Officer

Supervises:                 N/A

Classification:            Exempt

Date Prepared:          8/27/25

Summary / Objective

The Commercial Real Estate (CRE) Risk Officer is responsible for ordering, tracking, evaluating, and validating third-party real estate appraisals, reviewing environmental assessments, and (in conjunction with the Senior Commercial Loan Associate) monitoring construction loan advances to ensure regulatory compliance, credit soundness, and policy adherence. This includes discussions with appraisers in the event of questions related to value determination. Additionally, the incumbent must have sufficient knowledge to prepare internal evaluations clearly and professionally. This role plays a critical part in the bank’s overall credit risk management function, especially for commercial real estate and construction portfolios.  The initial training period will be on-site.  After the initial training period, time to be determined, this will be a hybrid role.

Experience & Education Requirements:

• Bachelor’s degree or equivalent experience in finance, real estate, or related field
• 8-10 years of experience with real estate appraisals, appraisal review, and/or construction monitoring. Licensed appraiser a plus.
• Strong understanding of USPAP, FIRREA, and other related appraisal and related regulations
• Background in real estate, commercial and/or consumer lending procedures within a financial institution

Essential Job Functions:

• Manage the Appraisal Management System process. Including ordering appraisal, bid selection, and tracking
• Independently review appraisals received related to commercial and residential loans
• Discuss discrepancies and questions directly with appraisers including evaluation of comparable data and income approach to value
• Strong foundational knowledge of appraisal rules and regulations to ensure appraisals comply with all requirements
• Prepare professional internal real estate evaluations and assist with annual site visits
• Review summary findings of environmental reports and make recommendations based on the summary findings identified
• Complex properties or known environmental concerns may necessitate engaging an external environmental expert for additional review
• Review initial due diligence in conjunction with the AVP, Credit Officer to ensure documentation aligns with approvals prior to closing
• Review construction draws advance request packages to approve or deny advance requests. This is in conjunction with the Commercial Loan Officers and Senior Commercial Loan Associate to resolve any concerns or questions
• Together with the SVP, Chief Credit Officer, create, edit, and maintain policies and procedures related to the appraisal, environmental, and construction process
• Participate in audits and reviews related to real estate collateral concerns

Required knowledge, skills & abilities:

• Ability to remain fully independent of the lending function
• Excellent knowledge of appraisal regulations
• Knowledge and experience with appraisal management systems
• Experience with construction monitoring
• General understanding of environmental policy
• Strong communication skills and ability to have challenging conversations with third parties such as appraisers
• Highest level of accuracy and attention to detail
• Well-developed written, communication and organization skills
• Strong computer skills including a working knowledge of Appraisal Management Systems, Word, Excel and other software programs needed to perform the duties
• Ability to assess and implement departmental process improvements

Physical Demands and Work Environment:

• Ability to use standard equipment such as computers, phones, photocopiers
• Requires manual dexterity and sitting and standing for longer periods of time
• Must be able to work schedules that meet the needs of the Bank, which may include early morning, evening and /or weekend hours
• Occasional local travel for Bank purposes

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Other Duties

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. It is expected that from time-to-time other duties, both related and unrelated to the above, may be assigned and therefore required.