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%
$129,034
TOTAL 50%
$141,413
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)
Documents the capital budgeting techniques used to select the organization's best investments.
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Level 2 Behaviors
(Light Experience)
Compiles and tracks information from active projects to assist in projects’ annual capital budgeting process.
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Level 3 Behaviors
(Moderate Experience)
Participates in budgeting to recommend new capital equipment investments to senior management.
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Level 4 Behaviors
(Extensive Experience)
Facilitates in-depth capital budgeting analysis on projects and investments to abstain from over and under-investing.
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Level 5 Behaviors
(Mastery)
Develops capital budgeting methodologies to acquire profitable projects and investments for the company.
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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)
Gathers critical information required for property acquisitions.
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Level 2 Behaviors
(Light Experience)
Assists senior personnel in conducting pre-acquisition and pre-listing property inspections.
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Level 3 Behaviors
(Moderate Experience)
Maintains and updates records throughout the acquisition and disposition process to ensure accuracy.
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Level 4 Behaviors
(Extensive Experience)
Manages a comprehensive marketing program that aligns with property acquisition objectives.
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Level 5 Behaviors
(Mastery)
Designs networking and system solutions for property onboarding during initial acquisition activities.
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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)
Documents mathematical techniques and models used to analyze business data.
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Level 2 Behaviors
(Light Experience)
Conducts basic validation and cross-checking to test the profitability of business ideas.
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Level 3 Behaviors
(Moderate Experience)
Utilizes computer software to generate tables and graphs to report business findings.
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Level 4 Behaviors
(Extensive Experience)
Designs charts to present proposals and calculations to minimize risks and maximize profitability.
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Level 5 Behaviors
(Mastery)
Forecasts economic conditions through business math to determine strategic business modifications.
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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)
Documents best practices in planning and organizing work to address important tasks.
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Level 2 Behaviors
(Light Experience)
Discusses the positive and negative outcomes of planning and organization in the workplace.
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Level 3 Behaviors
(Moderate Experience)
Helps set up new practices to anticipate and address the needs of planning and organization initiatives.
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Level 4 Behaviors
(Extensive Experience)
Facilitates the adoption of advanced tools to streamline the process of planning and organization.
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Level 5 Behaviors
(Mastery)
Develops best practices in planning and organizing activities to improve organizational efficiency.
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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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