Reviewer Appraiser

Availability

  • Full time, Immediate

Location

  • Arlington, VA

Salary Range

$95,000 - $100,000

The Review Appraiser will be responsible for furnishing expert technical guidance on real estate valuation matters using both in-house resources as well as through interactions with external contacts.

As a Review Appraiser assigned to the Evaluations Division, the contractor provides the requisite support to inform the Department of the most financially advantageous alternatives when evaluating properties in the Department’s present or future inventory. This person will work independently or with a Senior Review Appraiser to complete assignments and tasks that include, but are not necessarily limited to, the following:

Duties/Responsibilities

  • Review appraisals of a broad range of properties including those with complex characteristics particular to planning, acquisition, renovation, leasing and disposition efforts on a wide range of property types overseas;

  • Review appraisals of properties whose values may have significant impact on the budget of the Department and could involve intense Congressional scrutiny;

  • Review and analyze complex reports for the impact of recommendations on Department and Bureau policies, goals, and objectives;

  • Apply professional judgement to research, test, analyze and evaluate a variety of information; 

  • Plan and administer internal quality assurance techniques for appraisal actions and transactions for compliance with internal processes and procedures as well as applicable real estate procedures, policies, authorities and relevant regulations;

  • Consult with and report to senior EV staff appraisers on any problems or inconsistencies found in fee appraisal reports, such as inappropriate uses of the valuation approaches and concepts, missing or irrelevant data, or questionable conclusions, and/or inform them of any other issues for necessary action, as necessary;

  • Conduct market research to include overall economic conditions that impact real estate markets and values such as trends in the host country economy, the demand for real estate, urban growth patterns, sales prices, rental rates, construction costs, typical investor returns and expectations, capitalization rates, etc., taking into account the maturity, structure, and peculiarity of the local market;

  • Prepare forecasts of supply and demand, property values, rents, and rates of change as required to be included in financial analyses and strategic planning studies;

  • Study current market conditions to determine if existing property is being used to its highest and best use and suggest comparative studies of existing assets in relationship to other properties within the country that could equally serve the best interest of the mission;

  • Conduct financial analysis, including but not limited to techniques such as discounted cash flow analysis, to evaluate lease versus purchase decisions, construct/renovate versus lease or purchase decisions, and other feasibility analyses as needed;

  • Assess risks and returns for each analysis, including developing acceptable internal rates of return for acquisition decisions;

  • Conduct cost-benefit analyses to determine when to acquire real property through long term lease, outright purchase, or innovative, complex entrepreneurial arrangements, such as build-to-lease or public-private partnership arrangement;

  • Conduct comparative studies to assess feasibility of rehabilitating existing properties to meet requirements or of disposing of and acquiring alternative properties;

  • Prepares comprehensive documentation, reports and/or position papers on international property issues for use by senior management or other Department officials. May be tasked to prepare or gather materials, if needed, which may be provided to the Office of the Inspector General (OIG), and/or the General Accounting Office (GAO), or in response to Congressional inquiries;

  • Works with a supporting member of a team representing the U.S. government in complex international negotiations both with foreign governments and private entities;

  • Participates in interactions with other professionals in the Bureau including senior management as well as a wide variety of disciplines such as architects, engineers, planners, realty specialists, project managers, etc., in order to provide appropriate financial analysis and consultation; and

  • Participates on multidisciplinary teams for special purposes such as asset management planning, property development and site selection.

Required Skills/Qualifications

  • Must be a U.S. citizen

  • Bachelor’s Degree from an accredited institution

  • Five to nine years of applicable experience

  • Mastery of a wide range of methods and processes for conducting real property valuations, including real estate appraisal principles, methods, financial analysis, and capitalization theory

  • Demonstrated experience in commercial real estate appraisal of complex multi-million dollar properties

  • Knowledge and experience in conducting independent real estate market research, organizing the data, drawing applicable conclusions from the data, and communicating the conclusions to others who may or may not have a real estate background

  • Expertise and experience using accepted financial models for analyzing investment alternatives

  • Ability to analyze problems, conceptualize innovative solutions, and articulate problems and proposals in a concise, accurate, and persuasive manner

  • Knowledge of, and appreciation for cultural differences and the ability to interact and communicate tactfully and effectively with people of different cultures

  • Overall working knowledge of the various disciplines involved in the real estate profession such as developers, planners, brokers, lawyers, investors, lenders, architects and engineers, and overall understanding of the contributions of each, and the ability to interact effectively with these and other professionals

  • Clear, concise writing ability for both detailed technical presentation and for summary to executive readers, in writing, by informal presentation, and by formal presentation supported by appropriate graphic aids

Professional Designation: Designation as an MAI by the Appraisal Institute is preferred, but not required, for this position. MAI is a professional designation for real estate appraisers who are experienced in the valuation and evaluation of commercial, industrial, residential, and other types of properties, and who advise clients on real estate investments decisions

Security Clearance

  • Secret

Travel Requirements

  • 10% travel time

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