Director of Property Valuations

About the role

DCAS's mission is to make city government work for all New Yorkers. From managing New York City's most iconic courthouses and municipal buildings, to purchasing over $1 billion annually in goods and services for more than 80 City agencies. What we do ensures that all agencies can deliver on their mission. Our reach touches every facet of City government and is instrumental to the successful day-to-day operations of the City of New York.

Our commitment to equity, effectiveness, and sustainability guides our work providing City agencies with the critical resources and support needed to succeed, including:

• Recruiting, hiring, and training City employees.
• Managing 56 public buildings.
• Acquiring, selling, and leasing City property.
• Purchasing over $1 billion in goods and services for City agencies.
• Overseeing the greenest municipal vehicle fleet in the country.
• Leading the City's efforts to reduce carbon emissions from government operations.

When you work at DCAS, you're not just working for one agency, but in service to all of them. It's an opportunity to provide meaningful support, quality customer service, and help protect the future of New York City for generations to come. Visit our website at NYC.GOV/DCAS to learn more about the work we do.

Dcas

Real Estate Services is the real estate arm of the City of New York. They are responsible for the acquisition, disposition and reallocation of the City's real property. DCAS oversees the City's commercial rental and surplus real estate portfolio, and in addition, negotiates and administers City leases of private property for City agency use. This includes overseeing the design and build-out of leased office space, as well as the strategic management of the City's office portfolio, which includes both leased and owned offices.

Financial Services is seeking to hire a Director of Property Valuations to oversee and manage the Property Valuations Unit and perform commercial real estate appraisals and appraisal review reports. Responsibilities will include but not be limited to:

• Supervision and management of the unit involved in the preparation of appraisal reports in connection with sale, leasing, acquisition and use or real property
• Ensure that reports are completed within the proper time frame to serve the client agencies.
• Guide appraisers in their work.
• Oversee time and leave of employees in the unit.
• Formulation and implementation of all appraisal policies and procedures
• Ensure that appraisers adhere to professional appraisal standards.
• Keep up to date on professional appraisal standards and requirements.
• Implement and modify appraisal unit policies and procedures as necessary to perform appraisal reports.
• Ensure that all appraisals are performed in a timely manner
• Goals and objectives are identified and agreed upon with the clients.
• Track status of all assignments.
• Adjust work schedules to fulfill time frames.
• Hold weekly unit meetings to discuss appraisal concerns and progress.
• Supervision of the preparation of consultant reports for various client agencies regarding the valuation of real property
• Consultant reports are reviewed.
• Payment requests are authorized upon review completion.
• Interface with clients and other DCAS personnel at all levels to provide guidance on real estate valuation matters.
• Supervision and review of the preparation of all appraisal reports pertaining to property valuation
• Ensure that all electronic and hard copy records are maintained in an orderly fashion.
• Ensure that the unit's shared drive is updated with electronic versions of final appraisal reports and work files as per USPAP requirements.

Preparation of appraisal reports and market rental studies including the following:

• Conduct inspections of properties, as required.
• Complete MS Excel back-up for all appraisal reports.
• Prepare MS Word narrative restricted appraisal reports are prepared according to current appraisal guidelines.
• Consider current DCAS policies for sale, acquisition, and leasing in appraisal reports.
• Proper use of resources (Real Quest, CoStar, Esri, etc.) to research market sales and rental transactions.
• Contact market participants including brokers to research market transactions including executed rental and sales transactions as well as properties available for lease or sale.
• Use Marshall Valuation Services cost estimating manual in the cost approach.
• Use market surveys including PwC Real Estate Investor Survey and Realty Rates Real Estate Investor Survey, and actual market transactions to determine overall capitalization rates applicable to particular appraisal assignments.
• Complete appraisal reports within a reasonable timeframe.
• Complete written reports which are relayed to the client in an accurate, clearly written, do not contain bias and are not misleading.

Perform internal reviews of reports completed by staff

• Supervise staff appraisers in their appraisal reports.
• Upon completions of a staff member's appraisal, review the appraisal report for accurate data and analysis.
• Ensure that appraisal reports are completed in a professional manner and according to current appraisal guidelines.
• Ensure that appraisal reports consider current DCAS policies for sale, acquisition, and leasing.
• Ensure that appraisal reports are completed within a reasonable timeframe.
• Ensure that the written reports relayed to the client are accurate, clearly written, do not contain bias and are not misleading.

Perform appraisal reviews of reports completed by the Contractor

• Upon completion of an appraisal report by the contract appraiser, review the appraisal report for accurate data and analysis.
• Ensure that appraisal reports are completed in a professional manner and according to current USPAP guidelines.
• Ensure that the written reports, provided by the contract appraiser to the Property Valuations Unit, are accurate, clearly written, do not contain bias and are not misleading.
• Complete a formal appraisal review of the contract appraiser's report, which is submitted to the client.
• Upon final review of an appraisal report completed by the contract appraiser the contract appraiser's invoice is submitted for payment.

To Apply: 808225

NO PHONE CALLS, FAXES OR PERSONAL INQUIRIES PERMITTED. NOTE: ONLY THOSE CANDIDATES UNDER CONSIDERATION WILL BE CONTACTED.

Qualification Requirements

• One (1) year of permanent service in the title of Supervising Appraiser (Real Estate)