Job Information
MUFG Appraisal and Valuation Services, Vice President in New York, New York
Do you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.
The person in this role will be responsible for assisting in the operation and management of the Valuation Services Department.
Major Responsibilities:
Appraisal and Valuation Consulting Services
The person in this position will perform commercial appraisal reviews under Standards 3 and 4, including assuring that any deficiencies in commercial appraisal reports are corrected by either the original appraiser or are corrected by the review appraiser.
MUFG Bank may act, 1) as sole lender, 2) as agent in syndication deals, or 3) as a participant in syndication deals. Therefore, there will be times when the reviewer will be required to review, and possibly correct, an appraisal not ordered by MUFG Bank. The reviewer may not be able to discuss the appraisal report with the appraiser.
When MUFG Bank is acting as an agent, the person in this position will assist the Chief Appraiser in managing the process, including collecting participant comments and ensuring that the appraiser addresses all comments.
Additional duties include providing commercial appraisal services (appraisals, reviews, validations, and consultations) in a manner that is compliant with all state and federal regulations, timely, and cost effective.
Other Valuation Services Management
This position includes management of appraisal, construction, and environmental report processes, including ordering and tracking, management of all required data for vendors, providing reviews, properly storing data and reports on the server, and billing.
This role includes assisting in identification and vetting of third-party vendors using appropriate third-party risk management.
The role will also assist in quality control and audit functions, such as performing quality reports and assisting auditors with their requests.
This role is required to maintain effective and open channels of communication with the various Bank departments.
The person will also assist other areas of the bank in understanding the requirements of the three services provided or in providing internal consultation services.
Knowledge Required
Knowledge required prior to employment includes the following:
Commercial appraisal and appraisal review experience
Uniform Standards of Professional Appraisal Practice (USPAP)
FIRREA real estate appraisal regulations
This position is primarily focused on appraisal, but it is intended that the ideal person will assist the Valuation Services Director in the oversight of the Appraisal, Construction, and Environmental due diligence, and be responsible for maintaining workflow during absences of the Director. Therefore, the person will be required to become familiar with the following Bank policies and standards.
Commercial Appraisal Policy and Standards
Construction Policy and Standards
Environmental Policy and Standards
The person in this role must possess the following skills:
Be able to communicate effectively, both verbally and in writing, with various units of the bank, as well as vendors.
Be organized.
Exercise capable and mature judgement.
Be able to work with others and independently to accomplish all tasks and goals.
Be proficient in common tools, such as Word and Excel.
Be flexible and willing to implement best practices and address change as needed.
Minimum Requirements:
Certified General Appraisal License in at least one state, with no history of violations in any state.
Four-year college degree
Minimum 10 years of commercial real estate appraisal experience.
Ability to be comfortable reviewing appraisals of all commercial property types and in different geographic locations.
Commercial appraisal management experience, ideally in multiple commercial property types, is a plus.
The typical base pay range for this role is between $115K - $160K depending on job-related knowledge, skills, experience, and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.
MUFG Benefits Summary (https://careers.mufgamericas.com/sites/default/files/document/2023-01/mb-live-well-work-well.pdf)
We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.
At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!
Our Culture Principles
Client Centric
People Focused
Listen Up. Speak Up.
Innovate & Simplify
Own & Execute