Skills & Competencies for Appraisal Manager

Appraisal Manager job profile

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JOB SUMMARY for Appraisal Manager

Leads a team of appraisers conducting assessments, valuations, and appraisal reviews of real estate, land, and other personal property to establish the market value generally used for lending, insurance, or other purposes.

JOB RESPONSIBILITIES for Appraisal Manager

Establishes processes for conducting on-site inspections of property and data collection required to perform valuations. Follows generally accepted appraisal practice concepts and practices to perform data analysis, develop valuation estimates, and write comprehensive reports and exhibits. Ensures appraisal documentation and appraiser certification comply with all regulations. Performs appraisal quality reviews to ensure appropriate valuation and minimize risk. Creates process efficiencies with appraisal software tools and databases.

Appraisal Manager SALARY RANGE

BASE 50%
$128,730
TOTAL 50%
$141,080
Job Level
M02
Job Code
FA06000695
Education/Degree
Bachelor's Degree
Reports To
Director

Appraisal Manager Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Appraisal Manager skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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5 general skills or competencies (Job family competencies) for Appraisal Manager

1 Job Family Competencies – Capital Budgeting
Proficiency Level -2
Skill definition-Evaluating and measuring the project's value throughout its life cycle to determine the most advantageous return on investment options.
Level 1 Behaviors
(General Familiarity)
Explains how capital budgeting works in the evaluation and selection of long-term investments.
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Level 2 Behaviors
(Light Experience)
Informs management of the capital expenditures compared to the budgets for all the assigned projects.
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Level 3 Behaviors
(Moderate Experience)
Reviews investment proposals to identify and select profitable investments for the organization.
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Level 4 Behaviors
(Extensive Experience)
Proposes significant capital projects in the budgeting process to maximize the organization's future profits.
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Level 5 Behaviors
(Mastery)
Leads the budgeting process of capital spending projects to ensure maximum profitability.
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2 Job Family Competencies – Property Acquisition
Proficiency Level -3
Skill definition-Obtaining and controlling property and property rights through easement acquisition, leases, or tax forfeiture.
Level 1 Behaviors
(General Familiarity)
Identifies and cites acquisition processes and regulations relating to property transactions.
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Level 2 Behaviors
(Light Experience)
Records acquisition information following established procedures into property management systems.
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Level 3 Behaviors
(Moderate Experience)
Prepares and distributes the necessary documents required for property acquisitions.
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Level 4 Behaviors
(Extensive Experience)
Negotiates agreements and contracts required for complex property trade and disposal transactions.
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Level 5 Behaviors
(Mastery)
Establishes an annual inspection process for properties in the property acquisition process.
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3 Appraisal Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Appraisal Manager
Proficiency Level - 4
5 Competency for - Appraisal Manager
Proficiency Level - 5

14 soft skills or competencies (core competencies) for Appraisal Manager

1 Core Competencies – Business Math
Proficiency Level -3
Skill definition-Analyzing and managing business operations using business math functions to make informed financial decisions and improve business performance.
Level 1 Behaviors
(General Familiarity)
Explains key functions and lists possible challenges of using business math.
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Level 2 Behaviors
(Light Experience)
Uses arithmetic formulas and solutions to address basic business problems.
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Level 3 Behaviors
(Moderate Experience)
Utilizes mathematical models to determine root causes of recurring business problems.
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Level 4 Behaviors
(Extensive Experience)
Integrates mathematical business concepts to enhance business outcomes.
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Level 5 Behaviors
(Mastery)
Leads the analysis of financial data to improve fiscal efficiency through business math functions.
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2 Core Competencies – Planning and Organizing
Proficiency Level -4
Skill definition-Managing and prioritizing resources and workloads by creating well-organized plans to attain organizational goals and objectives.
Level 1 Behaviors
(General Familiarity)
Explains the importance of planning and organization in building a good working environment.
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Level 2 Behaviors
(Light Experience)
Identifies key implications of ineffective planning and organization that affects decision-making.
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Level 3 Behaviors
(Moderate Experience)
Leverages key performance indicators to measure progress completion against performance metrics.
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Level 4 Behaviors
(Extensive Experience)
Manages the planning and sequencing of activities to create well-planned schedules and achieve goals on time.
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Level 5 Behaviors
(Mastery)
Establishes standards for planning and organization processes to align efforts with business goals.
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3 Appraisal Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Appraisal Manager
Proficiency Level - 4
5 Competency for - Appraisal Manager
Proficiency Level - 5

Summary of Appraisal Manager skills and competencies

There are 0 hard skills for Appraisal Manager.
5 general skills for Appraisal Manager, Capital Budgeting, Property Acquisition, Property Management, etc.
14 soft skills for Appraisal Manager, Business Math, Planning and Organizing, Coordination, etc.
While the list totals 19 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Appraisal Manager, he or she needs to be skilled in Business Math, be skilled in Planning and Organizing, and be skilled in Coordination.

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