Job Purpose:
The In-House Valuer is responsible for reviewing property valuation reports prepared by external valuers to ensure accuracy, compliance with bank policies, and alignment with market standards.
This role acts as the primary liaison between the bank and contracted valuers, providing technical guidance, validating assumptions, and safeguarding the bank's interests in collateral valuation.
The position supports the Bank credit risk assessment and decision-making process by ensuring valuations are reliable and defensible.
Key Responsibilities:
Valuation Instructions, Review & Quality Assurance:
Issue valuation instructions and ensure compliance with applicable internal, local and International Valuation Standards.
Review and provide second opinions on valuations from external valuers.
Validate the status of pledged securities and bank-owned properties.
Track progress of bank-financed property projects.
Maintain an up-to-date database of all valued properties.
Support credit and risk functions with technical advice on collateral valuation.
Coordinate, supervise, and evaluate external valuers on the bank's panel.
Market Intelligence & Benchmarking:
Monitor property market trends and maintain an internal database of valuation benchmarks.
Provide periodic reports on market movements and their impact on collateral values.
Policy & Process Improvement:
Contribute to the development and review of valuation policies and procedures.
Recommend improvements to enhance efficiency and accuracy in valuation review processes.
Key Performance Indicators:
Turnaround Time for Valuation Instructions and Reviews - Average time taken to Issue valuation instructions and to review and approve external valuation reports.
Compliance Rate - Adherence to applicable internal, local and International Valuation Standards.
Valuer Panel Performance Monitoring - Frequency and quality of evaluations conducted on external valuers.
Database Management - Timeliness and completeness of updates to the property valuation database.
Project Monitoring Efficiency - Number of bank-financed projects monitored vs. planned and timeliness of progress reports submitted.
Risk Mitigation - Number of valuation-related risks identified and mitigated before loan disbursement.
Market Intelligence Reporting - Frequency and relevance of property market updates provided to management.
Policy Development and Review - Number of valuation policies developed or updated annually.
Academic Qualifications & Work Experience:
Bachelor's degree in Land Economics, Real Estate, or related field.
Full member of the Institution of Surveyors of Kenya (ISK).
Registered by the Valuers Registration Board.
Minimum 2 years post-registration experience in valuation, preferably in banking.
Proven experience in relationship management, performance analysis, and compliance.
Strong analytical and report-writing skills.
Knowledge of property law, land tenure systems, and local real estate market dynamics.
High integrity and attention to detail.