Valuation Officer

Responsibilities

• Review and validate all valuation reports prepared by external valuers to ensure accuracy, completeness, reasonableness, and compliance with the Bank’s requirements before loan processing.
• Ensure all collateral valuations remain current in accordance with the Bank’s policies and regulatory requirements.
• Assess the adequacy of collateral values and security coverage ratios for credit facilities under consideration.
• Evaluate the impact of collateral releases, substitutions, or discharges on existing security coverage and recommend appropriate actions.
• Conduct internal verification and review of collateral pledged by customers and valued by independent professional valuers.
• Ensure valuation reports comply with approved valuation methodologies, banking standards, and regulatory requirements.
• Maintain an up-to-date valuation tracker and ensure monthly circulation to relevant stakeholders.
• Track valuation expiry dates and initiate revaluation processes at least forty-five (45) days before expiry.
• Maintain proper custody, filing, and safekeeping of valuation reports and supporting documents to ensure ease of retrieval.
• Ensure valuation records are accurate, complete, and up to date at all times.

Requirements

• Minimum of 3-5 years’ experience in property valuation, collateral management, credit administration, mortgage operations, risk management, or a related role within a financial institution, valuation firm, or real estate organisation.
• Practical experience in reviewing valuation reports, performing property inspections, and assessing collateral adequacy.
• Experience working with external valuers and managing valuation service providers.
• Knowledge of real estate market dynamics and property valuation methodologies.
• Experience in banking credit operations and collateral risk management will be highly preferred

Qualifications

• Minimum of 3-5 years’ experience in property valuation, collateral management, credit administration, mortgage operations, risk management, or a related role within a financial institution, valuation firm, or real estate organisation.
• Practical experience in reviewing valuation reports, performing property inspections, and assessing collateral adequacy.
• Experience working with external valuers and managing valuation service providers.
• Knowledge of real estate market dynamics and property valuation methodologies.
• Experience in banking credit operations and collateral risk management will be highly preferred

Skills