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)
Identifies and describes the concepts and principles of capital budgeting.
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Level 2 Behaviors
(Light Experience)
Supports the development of a routine capital budgeting process to ensure a healthy return on investment (ROI).
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Level 3 Behaviors
(Moderate Experience)
Works with operations teams to handle business capital spend budgeting and cash flow roll-up.
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Level 4 Behaviors
(Extensive Experience)
Reviews facility's needs to create capital recommendations for budgeting purposes.
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Level 5 Behaviors
(Mastery)
Promotes modernized capital planning to drive accuracy and efficiency in the budgeting process.
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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)
Explains the potential challenges faced when completing property acquisition activities.
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Level 2 Behaviors
(Light Experience)
Assists in the analysis of property acquisition and development opportunities.
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Level 3 Behaviors
(Moderate Experience)
Drafts property acquisition contracts and other ancillary documents which meet regulatory standards.
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Level 4 Behaviors
(Extensive Experience)
Facilitates meetings to drive improvements in operating workflows and amend organization objectives.
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Level 5 Behaviors
(Mastery)
Conceptualizes policies and procedures for property acquisition, disposition programs.
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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)
Describes the key principles of business math used to assess the business's financial performance.
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Level 2 Behaviors
(Light Experience)
Compiles and reports statistical data to support business decisions and analysis.
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Level 3 Behaviors
(Moderate Experience)
Performs business math calculations to measure price estimates and calculate gross profit margins.
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Level 4 Behaviors
(Extensive Experience)
Delivers training sessions on business math to evaluate and manage financial performance accurately.
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Level 5 Behaviors
(Mastery)
Creates mathematical models in developing business decisions to improve financial performance.
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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)
Compiles a list of all the traits of effective planning to help finish the assigned tasks.
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Level 2 Behaviors
(Light Experience)
Classifies assigned tasks based on the level of importance to ensure organized workload completion.
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Level 3 Behaviors
(Moderate Experience)
Defines and translates objectives into specific plans to ensure understanding of organizational goals.
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Level 4 Behaviors
(Extensive Experience)
Delivers training sessions to foster and maximize solid planning and organization capabilities.
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Level 5 Behaviors
(Mastery)
Champions the adoption of business intelligence systems to achieve planning and organization 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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