Appraiser - Commercial Real Estate Analyst I

Summary

This position involves the valuation of commercial real estate for ad valorem purposes through the application of standard appraisal techniques, including the sales comparison, income and cost approaches. 

Work is performed under the supervision of the Commercial Real Estate Assessment Supervisor and/or Manager. Position is also under the oversight of the Chief Operating Officer and guidance of the Property Appraiser.

Duties and Responsibilities

• Participate in the collection, analysis and review of commercial property data located in Orange County FL.
• Analyze and reconstruct income and expense statements upon adherence to confidentiality and nondisclosure obligations.
• Inspect, review and reconcile property sales in compliance with State of Florida standards, as measured by the sales ratio analysis of the tax roll.
• Perform commercial real estate research including comparable sales data, comparable income and expense data, as well as market trends and market derived overall capitalization rates data.
• Develop and perform necessary mass income updates into the computer assisted mass appraisal system and verify the accuracy and validity of resulting changes to value.
• Review commercial properties with owners or their representatives; make value adjustments, when warranted, and justify the changes.
• Prepare parcel splits and combinations within their assigned property types with correctness with respect to technical and valuation aspects.
• Responds to citizen and other inquiries timely and accurately while communicating the position of the Property Appraiser in a positive, uniform and consistent manner.
• Prepare Property Appraiser Office VAB (Value Adjustment Board) evidence packages and appear before the VAB to explain and defend assessments.  Assemble supporting appraisal data and appear as an expert witness or give testimony during litigation proceedings.
• May be required to conduct damage assessment in coordination with federal and state emergency management offices during the aftermath of local disasters such as hurricanes or tornadoes. Contingencies such as these may require after-hours or weekend duty.
• Performs other duties as assigned. Duties, responsibilities and activities may change at any time with or without notice.

Requirements

• Master’s Degree preferred OR Bachelor's degree from four-year college or university required in Business Administration, Real Estate, Finance, Accounting, Economics and a minimum of one (1) year of relevant experience.
• The professional designation of Certified Florida Evaluator (CFE) is required OR must be obtained within a three-year period, given course availability.  The employee is eligible to begin the CFE designation process following successful completion of the six-month introductory period, and will be eligible for CFE incentive pay upon successful completion of the program.
• May be required to become a Certified Emergency Responder for emergency Damage Assessment purposes.  May be required to staff the Emergency Operations Center (EOC) or Field Operations Center (FOC) during emergency situations.
• Ability to use initiative, to think independently, and exercise sound judgement.
• Ability to prioritize work, maintain organized records and prepare reports.
• Ability to read and interpret maps, blueprints, plats and aerial photos.
• Ability to apply computer applications and software. Proficiency in Word, Excel and Outlook.
• Knowledge and ability to clearly communicate, in writing and orally, concepts related to the valuation of commercial real estate.
• Geographical competency of the real estate market in the Orlando Metropolitan Statistical Area (MSA) including the real estate market within Orange County, FL is preferred.
• Ability to research and interpret terms of sales for qualification.
• Ability to render identifications and technical descriptions concerning structural features, construction methods, and quality of construction.
• Ability to establish and maintain effective working relationships with colleagues, outside agencies, and the general public. Ability to work within a team environment.
• Must have the personality and temperament necessary for working under stress in dealing with the public.  Ability to communicate tactfully and courteously with the public.

Bi-lingual in English/Spanish preferred; but not required.

NOTE:  A Master’s Degree in Real Estate may substitute for up to one (1) years of relevant work experience. 

Special Provisions

While employed by the Orange County Property Appraiser (OCPA), must not for gratis or for compensation:  engage in any real estate activities such as, but not limited to, buying, selling or acting as a broker for others; appraise property; sell OCPA computerized database information; engage in any outside computer programming or consulting.  Employees and members of their household may not own or hold financial interest in an appraisal business.

Physical Demands

The physical demands described her are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand, walk, sit, stoop, crouch or crawl, use hands and fingers to handle, feel or operate objects, tools or controls and reach with hands and arms, talk and hear. Lift and/or move 20 pounds on an occasional basis. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus. Additional physical and/or mental requirements that occur may not be listed above, but are inherent in performing the position’s essential functions. When working outside, may be exposed to extremes of weather conditions common to Central Florida. Position will require driving.

Special Working Conditions

All county employees may be called upon to assist other departments in a declared emergency situation (i.e. Hurricane).

At-Will Statement

Employment at the Orange County Property Appraiser’s Office (OCPA) is on an “at-will” basis.  It may be terminated at any time, with or without cause by either the employee or employer.  It is not guaranteed, contracted or promised for any length of time.  No person other than the Orange County Property Appraiser has the authority to alter the at-will status of your employment or to enter into any employment contract with you.  OCPA reserves the right to change, amend or revoke rates of pay, terms and conditions of your employment and job offers at any time.