Commercial Real Estate Valuation Specialist

at First Midwest Bank in Deerfield, Illinois, United States

Job Description

Commercial Real Estate Valuation Specialist
Job Locations

US-MN-Lake Elmo | US-IL-Deerfield | US-IL-Chicago | US-MN-Arden Hills

Category/Function 
Lending/Commercial/Consumer/Credit  

Position Type 
Regular Full-Time  

Requisition ID 
2026-20015  

Workplace Type 
On Site
Overview

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Responsibilities

A Commercial Real Estate Valuation Specialists primary responsibility is to review commercial real estate appraisals and produce restricted appraisals (internal evaluations). The appraisal review process will be performed in conformance with Standards 3 and 4 of the Uniform Standards of Professional Appraisal Practice (USPAP). Restricted appraisal reports will conform with Standards 1 and 2 of USPAP. This position requires being knowledgeable of the Interagency Appraisal and Evaluation Guidelines (IAEG), USPAP and ONB Guidelines and Procedures. Further, it requires general real estate industry knowledge across various commercial property classes. A Commercial Real Estate Valuation Specialist is expected to be self-directed, goal oriented (meeting/exceeding production/volume), capable of making quick, independent (limited oversight) decisions with a focus on meeting client expectations in a fast-paced work environment.
Salary Range
The salary range for this position is $60,000.00/Yr. - $121,300.00/Yr.. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities
Review Commercial Appraisal Reports:
Complete appraisal reviews in compliance with USPAP Standards 3 and 4 while recognizing appropriate appraisal methodology and techniques
Opine on the completeness, accuracy, adequacy, relevance and reasonableness of appraisals
Understand industry nuances between property types and knowledge across asset classes
Complete Internal Evaluations (Restricted Appraisal Reports):
Complete internal evaluations or restricted appraisal reports in compliance with USPAP Standards 1 and 2 and federal regulations.
Understand various property types and classes
Review and analyze all current documentation relevant to the appraisal process including leases, operating history, contracts, easements, surveys, etc.
Recognize and apply appropriate appraisal methodology and techniques
Provide Real Estate Consultation and Manage Internal Client Relationships:
Consult with internal clients on real estate appraisal methodology and techniques
Provide guidance related to the IAEGs, USPAP and ONB Guidelines and Procedures
Operate independently and solve problems using independent judgement/discretion with limited oversight
Provide clear and concise communications to vendors and internal clients
Continue Education and Maintain Required Licensure:
Maintain appropriate real estate licensure within ONB's traditional footprint
Enhance knowledge through continuing education; particularly, on relevant and emerging real estate topics
Pursue educational opportunities as part of a professional development plan
Key Competencies for Position
Culture Leadership:
Communication - effectively shares information and ideas with individuals and groups; displays self-awareness and self-management; tailors the delivery to the audience, and selects suitable delivery method(s); responds to internal and external clients, vendors, and others in a timely manner; provides clear and concise real estate reports
Execution Leadership:
Technical Knowledge - possesses the required technical knowledge (real estate... For full info follow application link.

EOE/Minorities/Females/Vet/Disability