VAS - Vice President
CBRE
Baltimore, Maryland
real estate
america
cost
identifying
sales
appraisals
assets
director
analysis
income
capitalization
restrictions
procedures
March 27, 2023
CBRE
Baltimore, Maryland
VAS - Vice President
Job ID
69177
Posted
01-Jun-2022
Service line
Advisory Segment
Role type
Full-time
Areas of Interest
Valuations/Appraisal
Location(s)
Baltimore - Maryland - United States of America, Philadelphia - Pennsylvania - United States of America, Washington, D.C. - District of Columbia - United States of America
**JOB SUMMARY**
Independently prepares market value appraisals on complex real estate assets with review by Director, Managing or Director, Sr. Managing (one of whom must be [MAI] Member of the Appraisal Institute). Prepares real estate appraisal reports from start to finish on simple or complex properties, including all Appraiser responsibilities as well as performing detailed appraisal analysis in order to value real estate. May mentor trainees and/or develop new client relationships.
This role is currently in a hybrid format with a combination of in-office and remote work. In-office work may be conducted in Baltimore, Washington D.C., or Philadelphia.
**ESSENTIAL DUTIES AND RESPONSIBILITIES**
Identifies value to be estimated by studying appraisal request, problem to be solved, and scope of the project, such as, mortgage financing, insurance replacement cost calculation, estate valuation, tax appeals, equitable distribution, corporate employee relocation, investment, or sale; identifying property characteristics.
Determines valuation method by selecting approach and techniques for valuing property, i.e., cost, direct sales comparison, and income capitalization; identifying property characteristics and attributes.
Researches and analyzes property information by collecting, verifying, and analyzing data regarding inventory of competitive properties, sales and listings, vacancies and offerings, absorption rates, demand studies, social, economic, governmental, and environmental characteristics, restrictions, encumbrances, covenants, contracts, declarations, special assessments, ordinances, cost and depreciation, income/expense and capitalization rate, history of ownership, and use of the property; conducting analyzes and studies, e.g., land utilization, supply and demand, economic feasibility, highest and best use, marketability, development, litigation support; searching databases; inspecting property; interviewing people in a position to understand the property.
Prepares appraisal report by describing physical and economic property characteristics, appraisal procedures used, and information analyzed; disclosing extraordinary assumptions, and hypothetical and limiting conditions; presenting supportive reasoning.
Maintains organization reputation by conforming to the Uniform Standards of Professional Appraisal Practice (USPAP); keeping information confidential.
Updates job knowledge by tracking current real estate values and property development potential, including land use restrictions; participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations for the purpose of conducting accurate appraisals.
Contributes to overall organizational goals by adding to database, setting up a library, specializing in niche real estate markets, mentoring trainees, and engaging in client development.
Other duties may be assigned
**SUPERVISORY RESPONSIBILITIES**
No formal supervisory responsibilities in this position. Coordinates and assigns tasks to co-workers within a work unit and/or project team. Leads project teams and/or plan, and supervise assignments of lower level employees. May have responsibility for identifying training needs, tracking performance, coaching, and motivating a work unit and/or group.
**QUALIFICATIONS**
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
**EDUCATION and EXPERIENCE**
Bachelors Degree (BA or BS) from four-year college or university required. Master's degree (MA, MS or MBA) preferred. A minimum of (8) years commercial appraisal experience and (3) years commercial appraisal review experience. Institutional review experience is a plus. Annual production of at least $400k.
**CERTIFICATES and/or LICENSES**
Must have General State Certification/License. MAI preferred
**COMMUNICATION SKILLS**
Ability to comprehend, analyze, and interpret complex business documents. Ability to respond effectively to sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients and/or public groups. Ability to motivate and negotiate effectively with key employees and client groups to take desired action.
**FINANCIAL KNOWLEDGE**
Requires above-average knowledge of financial real estate terms and principles. Complete understanding of approaches to value of real estate assets.
**REASONING ABILITY**
Ability to solve advanced problems and deal with a variety of options in complex situations. Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions for a growing matrix-based multi-industry sales environment. Draws upon the analysis of others and makes recommendations of significance to the operation.
**OTHER SKILLS and ABILITIES**
Must be proficient in Argus, MS Word and MS Excel. Good writing skills.
**SCOPE OF RESPONSIBILITY**
Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause short-term impact to department.
CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law. We also provide reasonable accommodations, as needed, throughout the job application process. If you have a disability that inhibits your ability to apply for a position through our online application process, you may contact us via email at [Email available when viewing the job] or via telephone at [Phone number shown when applying] (U.S.) and [Phone number shown when applying] (Canada).
NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.
CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)
Job ID
69177
Posted
01-Jun-2022
Service line
Advisory Segment
Role type
Full-time
Areas of Interest
Valuations/Appraisal
Location(s)
Baltimore - Maryland - United States of America, Philadelphia - Pennsylvania - United States of America, Washington, D.C. - District of Columbia - United States of America
**JOB SUMMARY**
Independently prepares market value appraisals on complex real estate assets with review by Director, Managing or Director, Sr. Managing (one of whom must be [MAI] Member of the Appraisal Institute). Prepares real estate appraisal reports from start to finish on simple or complex properties, including all Appraiser responsibilities as well as performing detailed appraisal analysis in order to value real estate. May mentor trainees and/or develop new client relationships.
This role is currently in a hybrid format with a combination of in-office and remote work. In-office work may be conducted in Baltimore, Washington D.C., or Philadelphia.
**ESSENTIAL DUTIES AND RESPONSIBILITIES**
Identifies value to be estimated by studying appraisal request, problem to be solved, and scope of the project, such as, mortgage financing, insurance replacement cost calculation, estate valuation, tax appeals, equitable distribution, corporate employee relocation, investment, or sale; identifying property characteristics.
Determines valuation method by selecting approach and techniques for valuing property, i.e., cost, direct sales comparison, and income capitalization; identifying property characteristics and attributes.
Researches and analyzes property information by collecting, verifying, and analyzing data regarding inventory of competitive properties, sales and listings, vacancies and offerings, absorption rates, demand studies, social, economic, governmental, and environmental characteristics, restrictions, encumbrances, covenants, contracts, declarations, special assessments, ordinances, cost and depreciation, income/expense and capitalization rate, history of ownership, and use of the property; conducting analyzes and studies, e.g., land utilization, supply and demand, economic feasibility, highest and best use, marketability, development, litigation support; searching databases; inspecting property; interviewing people in a position to understand the property.
Prepares appraisal report by describing physical and economic property characteristics, appraisal procedures used, and information analyzed; disclosing extraordinary assumptions, and hypothetical and limiting conditions; presenting supportive reasoning.
Maintains organization reputation by conforming to the Uniform Standards of Professional Appraisal Practice (USPAP); keeping information confidential.
Updates job knowledge by tracking current real estate values and property development potential, including land use restrictions; participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations for the purpose of conducting accurate appraisals.
Contributes to overall organizational goals by adding to database, setting up a library, specializing in niche real estate markets, mentoring trainees, and engaging in client development.
Other duties may be assigned
**SUPERVISORY RESPONSIBILITIES**
No formal supervisory responsibilities in this position. Coordinates and assigns tasks to co-workers within a work unit and/or project team. Leads project teams and/or plan, and supervise assignments of lower level employees. May have responsibility for identifying training needs, tracking performance, coaching, and motivating a work unit and/or group.
**QUALIFICATIONS**
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
**EDUCATION and EXPERIENCE**
Bachelors Degree (BA or BS) from four-year college or university required. Master's degree (MA, MS or MBA) preferred. A minimum of (8) years commercial appraisal experience and (3) years commercial appraisal review experience. Institutional review experience is a plus. Annual production of at least $400k.
**CERTIFICATES and/or LICENSES**
Must have General State Certification/License. MAI preferred
**COMMUNICATION SKILLS**
Ability to comprehend, analyze, and interpret complex business documents. Ability to respond effectively to sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients and/or public groups. Ability to motivate and negotiate effectively with key employees and client groups to take desired action.
**FINANCIAL KNOWLEDGE**
Requires above-average knowledge of financial real estate terms and principles. Complete understanding of approaches to value of real estate assets.
**REASONING ABILITY**
Ability to solve advanced problems and deal with a variety of options in complex situations. Requires expert level analytical and quantitative skills with proven experience in developing strategic solutions for a growing matrix-based multi-industry sales environment. Draws upon the analysis of others and makes recommendations of significance to the operation.
**OTHER SKILLS and ABILITIES**
Must be proficient in Argus, MS Word and MS Excel. Good writing skills.
**SCOPE OF RESPONSIBILITY**
Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause short-term impact to department.
CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law. We also provide reasonable accommodations, as needed, throughout the job application process. If you have a disability that inhibits your ability to apply for a position through our online application process, you may contact us via email at [Email available when viewing the job] or via telephone at [Phone number shown when applying] (U.S.) and [Phone number shown when applying] (Canada).
NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.
CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)
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