Citi
Commercial Appraiser - Real Estate Risk Sr. Officer - SVP
Citi, Jacksonville, Florida, United States, 32290
Overview
Perform critical reviews of externally prepared commercial appraisals to ensure that the value conclusions are credible and that the reports are in compliance with all necessary requirements. Responsible for managing the review process. Contract with vendors; manage vendors to on-time delivery and quality product; and maintain the timely status of each assignment on a common job tracking system. Participate in the review of portfolios. On occasion may lead an ad hoc team for valuation due diligence or a special project; prepare market studies; provide market intelligence to the lenders on a specific deal; prepare internal appraisals; perform sensitivity analyses for property cash flow projections; and evaluate the feasibility of a complex investment. Resolve any issues that are not compliant with Citibank policies or conclusions that are not reasonable. Advise risk managers in addressing complex real estate issues. Objectively provide risk managers with a balanced view of the risk associated with a given property. Opportunity to work with a wide variety of property types across the US ranging from small, single properties to large portfolios.
Responsibilities
Lead and participate in the review of commercial appraisals to ensure credibility and compliance with requirements.
Manage the appraisal review process, including vendor contracts, on-time delivery, and quality control using a common job tracking system.
Participate in portfolio reviews and, when required, lead ad hoc teams for valuation due diligence or special projects.
Prepare market studies and market intelligence reports for lenders on specific deals; prepare internal appraisals; and perform sensitivity analyses for property cash flow projections.
Evaluate the feasibility of complex investments and resolve non-compliant issues in accordance with Citibank policies.
Advise risk managers and provide a balanced view of risks associated with individual properties; support risk management in addressing complex real estate issues.
Collaborate with internal clients and vendors across a wide range of property types, from small properties to large portfolios.
Qualifications
Minimum of 10+ years of appraisal experience with at least 3 years in a lending institution.
Bachelor’s degree required; advanced degrees optional. Must have completed and passed all Appraisal Institute classes necessary for the MAI designation, or equivalent education; must be a state Certified General Appraiser.
Breadth and depth of commercial appraisal expertise across major property types (office, retail, industrial, multifamily) and special purpose properties (self storage, hotels, assisted living, convenience store/gas stations, etc.) as well as affordable multifamily housing.
Strong sense of value-affecting characteristics; highly productive and autonomous with the ability to work for single properties up to $100MM+ in value.
Subject Matter Expert for commercial appraisal; proficient in MS Office; outstanding proficiency in Argus and Rockport VAL DCF software and MS Excel.
Comprehensive understanding of USPAP; knowledge of FIRREA and subsequent Regulatory Policies; familiarity with Freddie Mac, Fannie Mae, and SBA appraisal requirements is a plus.
Excellent analytical, interpersonal, and communication skills; ability to work under pressure, multi-task, and maintain strong relationships with internal clients and vendors.
Job Details Job Family Group:
Risk Management
Job Family:
Real Estate Appraiser
Time Type:
Full time
Primary Location:
Jacksonville, Florida, United States
Primary Location Full Time Salary Range:
$141,440.00 - $212,160.00
In addition to salary, Citi’s offerings may also include discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Skills Most Relevant Skills:
Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.
Other Relevant Skills:
For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date Oct 17, 2025
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity, review accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.
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Perform critical reviews of externally prepared commercial appraisals to ensure that the value conclusions are credible and that the reports are in compliance with all necessary requirements. Responsible for managing the review process. Contract with vendors; manage vendors to on-time delivery and quality product; and maintain the timely status of each assignment on a common job tracking system. Participate in the review of portfolios. On occasion may lead an ad hoc team for valuation due diligence or a special project; prepare market studies; provide market intelligence to the lenders on a specific deal; prepare internal appraisals; perform sensitivity analyses for property cash flow projections; and evaluate the feasibility of a complex investment. Resolve any issues that are not compliant with Citibank policies or conclusions that are not reasonable. Advise risk managers in addressing complex real estate issues. Objectively provide risk managers with a balanced view of the risk associated with a given property. Opportunity to work with a wide variety of property types across the US ranging from small, single properties to large portfolios.
Responsibilities
Lead and participate in the review of commercial appraisals to ensure credibility and compliance with requirements.
Manage the appraisal review process, including vendor contracts, on-time delivery, and quality control using a common job tracking system.
Participate in portfolio reviews and, when required, lead ad hoc teams for valuation due diligence or special projects.
Prepare market studies and market intelligence reports for lenders on specific deals; prepare internal appraisals; and perform sensitivity analyses for property cash flow projections.
Evaluate the feasibility of complex investments and resolve non-compliant issues in accordance with Citibank policies.
Advise risk managers and provide a balanced view of risks associated with individual properties; support risk management in addressing complex real estate issues.
Collaborate with internal clients and vendors across a wide range of property types, from small properties to large portfolios.
Qualifications
Minimum of 10+ years of appraisal experience with at least 3 years in a lending institution.
Bachelor’s degree required; advanced degrees optional. Must have completed and passed all Appraisal Institute classes necessary for the MAI designation, or equivalent education; must be a state Certified General Appraiser.
Breadth and depth of commercial appraisal expertise across major property types (office, retail, industrial, multifamily) and special purpose properties (self storage, hotels, assisted living, convenience store/gas stations, etc.) as well as affordable multifamily housing.
Strong sense of value-affecting characteristics; highly productive and autonomous with the ability to work for single properties up to $100MM+ in value.
Subject Matter Expert for commercial appraisal; proficient in MS Office; outstanding proficiency in Argus and Rockport VAL DCF software and MS Excel.
Comprehensive understanding of USPAP; knowledge of FIRREA and subsequent Regulatory Policies; familiarity with Freddie Mac, Fannie Mae, and SBA appraisal requirements is a plus.
Excellent analytical, interpersonal, and communication skills; ability to work under pressure, multi-task, and maintain strong relationships with internal clients and vendors.
Job Details Job Family Group:
Risk Management
Job Family:
Real Estate Appraiser
Time Type:
Full time
Primary Location:
Jacksonville, Florida, United States
Primary Location Full Time Salary Range:
$141,440.00 - $212,160.00
In addition to salary, Citi’s offerings may also include discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Skills Most Relevant Skills:
Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.
Other Relevant Skills:
For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date Oct 17, 2025
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity, review accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.
#J-18808-Ljbffr