Property Valuation Manager

16 يناير، 2023

0 2 2 دقائق

الوصف الوظيفي

Key Accountabilities

The role of Property Evaluation Manager is to manage process of valuation of collateral provided against credit facilities based on valuations provided by external valuers after making visit to property where it is required as per Bank’s policy and handle the IVF system for evaluation. The role also includes management of preparation of reports for Real Estate Advisory Services, debt asset swap due diligence reports and providing opinion on valuation obtained for bank’s own property portfolios

Other Accountabilities

Management and monitoring of a centralized real estate property valuation process within the Bank.
Receive and handle all requests for valuation of properties within the Bank. The function shall liaise with the appropriate external property appraiser to conduct the valuation and provide results to the requesting department.
Carry out initial assessment of property evaluation reports and highlight any concerns
Carry out desk evaluations for property value and rent estimation
Scrutinize the valuation reports and determine its reasonability and advise about the necessary actions in order to protect the Bank’s interest regarding securities against lending.
Maintain proper filing / IVF system of the documents related to Evaluation process.
Visit site of the property subject to evaluation as per requirement of the Bank and prepare summary visit report.
Interact with RERU for assessing valuation of under construction properties.
Assist the unit head to carry out a detailed market analysis for preparation of quarterly market appetite reports.
Preparation of Initial Due Diligence reports for debt asset swap cases.
Provide opinion on valuation related to Bank’s proprietary property portfolio.
Preparation of REAS Summary Reports.
Carry out process for the appointment of External Evaluators and monitor their compliance with agreed conditions.
Management of suspense account for disbursement of evaluator fees and reconciliation.
Management of Property Database, implement changes and develop further for beneficial use for Business and Credit Risk.
Assist the Head of PAVU in the newly formed Real Estate Advisory services role and assist with debt asset swap cases.
Assist with the implementation of Audit compliance and manage the Audit process in conjunction with Head of PAVU.

الوصف الوظيفي

المهارات

Key Interactions

Internal:

Other units of Risk SBU such as Wholesale Credit, Retail Credit and EWRM
Retail Banking SBU
Wholesale Banking SBU
Corporate Real Estate Unit, as and when needed
Credit Monitoring & Control Unit, as and when needed
Credit Fulfilment Unit, as and when needed
Other CBQ departments, as necessary.

External:

Liaise via the RM’s and coordinate and attend meetings with Borrowers and evaluators as necessary to achieve the department objectives. Manage external consultants and property evaluation consultants.

Education

Bachelor’s degree in Engineering or equivalent