Manage the process of valuation of collateral provided against credit facilities based on valuations provided by external valuers, including property visits as required by the Bank’s policy.
Handle the IVF (Internal Valuation Function) system for property evaluation.
Prepare reports for Real Estate Advisory Services, including debt asset swap due diligence reports and provide opinions on valuations obtained for the bank’s own property portfolios.
Other Accountabilities:
Manage and monitor a centralized real estate property valuation process within the Bank.
Receive and handle all requests for property valuations within the Bank, liaising with external property appraisers to conduct the valuations and provide results to the requesting department.
Conduct initial assessments of property evaluation reports and highlight any concerns.
Perform desk evaluations for property value and rent estimation.
Scrutinize valuation reports to determine reasonability and advise on necessary actions to protect the Bank’s interest regarding securities against lending.
Maintain proper filing and IVF system for documents related to the evaluation process.
Visit property sites subject to evaluation as per the Bank’s requirements and prepare summary visit reports.
Interact with the Real Estate Risk Unit (RERU) to assess valuations of under-construction properties.
Assist the unit head in conducting detailed market analysis for the preparation of quarterly market appetite reports.
Prepare initial due diligence reports for debt asset swap cases.
Provide opinions on valuations related to the Bank’s proprietary property portfolio.
Prepare REAS (Real Estate Advisory Services) Summary Reports.
Manage the process for the appointment of external evaluators and monitor their compliance with agreed conditions.
Manage the suspense account for the disbursement of evaluator fees and perform reconciliation.
Manage the Property Database, implement changes, and develop it further for beneficial use by the Business and Credit Risk.
Assist the Head of PAVU (Property Appraisal and Valuation Unit) 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 the Head of PAVU.
