Analyst- Property Valuation Emiratized Role

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.

JOB PURPOSE:

The role is to adherence the regulation of Mortgages Real Estate (RE) - Consumer Banking (CB) Credit Valuation team, monitoring and resolving of valuation disputes and escalations. The role required to manage relationship and liaise with External Vendors, Product Mortgages, Direct Sourcing Channels, and all FAB Branches (UAE) for smooth processing, enhancement, and standardization of the property valuation Commercial Real Estate (CRE), Estate Finance (EF) & Vanilla Products.

KEY ACCOUNTABILITIES:

Generic Accountability

• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so valuation is carried out in a controlled and consistent manner.
• Demonstrate compliance to organisation’s values and ethics to support the establishment of a value drive culture within the bank.

Job Specific Accountabilities

• Provide support for Escalations & disputes raised by business of Mortgages Real Estate - CB Credit Valuations.
• Review and finalize financial Invoices received from external Emplaned Vendors and liaise with Product Mortgage for the expense accruing dues against valuation fee charges.
• Monitoring and managing controls to adherence the valuations process.
• Review valuations, Identifying and rectifying discrepancies in reports.
• Review invoices, rectify discrepancies and due charges of external vendors.
• Adhere to strict policy, solutions are provided in consultation with the appropriate level for solving problem and ensuring that the external customer of bank is given efficient service.
• Backup to Initiate property valuation request with external property valuators for mortgage loans.
• Prepare MIS statistics, monthly valuation report, presentations, consolidated daily status reports for stakeholders.
• Reviewing Initial valuation request /queries / concerns.
• Returned/Corrections: After reviewing discrepancies in request revert with corrections to the Branches.
• Received valuation request with required documents and fee, reviewed again and send to evaluators.
• Cancellation of request in case of inspection not possible and re-initiate valuation request.
• Reviewed response of evaluators, reports, asking price compared with Market value / rentals, request to revise the report in case of amendments and review amendments/corrections in the report.
  
  

Minimum Qualification

• Bachelor’s degree in Business Administration, Management, Banking or any related discipline.

Minimum Experience

• 3 years’ relevant experience, including 1 year in similar role