Position Title: Property Evaluation Manager
Key Accountabilities:
- 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.
