Analyst, Property Valuation

Role Overview

Analyst, Property Valuation at First Abu Dhabi Bank (FAB), based in the United Arab Emirates. The role ensures regulatory adherence within the Mortgages Real Estate Consumer Banking Credit Valuation team, monitoring and resolving valuation disputes and escalations while managing relationships with external vendors, product teams, sourcing channels, and FAB branches across the UAE.

Role Purpose

To manage the property valuation process for Mortgages Real Estate, Commercial Real Estate, Estate Finance, and Vanilla Products with consistency, accuracy, and compliance. The role monitors valuations, resolves disputes, coordinates with external vendors and internal stakeholders, and ensures smooth processing and standardization across all FAB branches in the UAE.

Key Responsibilities

Compliance & Policy Adherence

• Follow all relevant departmental policies, processes, standard operating procedures, and instructions to ensure valuations are carried out in a controlled and consistent manner.
• Demonstrate compliance to the organization's values and ethics to support establishment of a value-driven culture within the bank.
• Function within the framework and boundaries of Group policies for Credit Mortgage Valuation and overall organizational and governance frameworks.

Process Management & Standardization

• Contribute to identification of opportunities for continuous improvement, standardization, and sustainability of systems, processes, and practices considering global standards and productivity improvement.
• Monitor and manage controls to ensure adherence to the valuations process.
• Supervise preparation of timely and accurate TAT (turnaround time) and reports to meet department requirements, policies, and quality standards.

Valuation Request Processing

• Initiate property valuation requests with external property valuators for mortgage loans.
• Receive valuation requests with required documents and fees, review again, and send to evaluators.
• Review initial valuation requests, queries, and concerns.
• Revert with corrections to branches after reviewing discrepancies in requests.
• Cancel requests in cases where inspection is not possible and re-initiate valuation requests as needed.
• Review responses and reports from evaluators, compare asking price with market value and rentals, request revisions where amendments are needed, and review amendments and corrections in reports.
• Authorize decisions as per the approved authorization process of valuation and provide concurrence to valuation companies and sourcing channels.

Quality Assurance & Discrepancy Resolution

• Review valuations, identify and rectify discrepancies in reports.
• Review invoices, rectify discrepancies, and verify due charges of external vendors.
• Provide support for escalations and disputes raised by Mortgages Real Estate Consumer Banking Credit Valuations.

Vendor & Invoice Management

• Manage relationships and liaise with external vendors, Product Mortgages, Direct Sourcing Channels, and all FAB branches for smooth processing, enhancement, and standardization.
• Review and finalize financial invoices received from external vendors and liaise with Product Mortgage for expense accruing dues against valuation fee charges.
• Adhere to strict policy; solutions are provided in consultation with the appropriate level for problem-solving and ensuring efficient service to external customers.

Reporting & Stakeholder Communication

• Prepare MIS statistics, monthly valuation reports, presentations, and consolidated daily status reports for stakeholders.

Qualifications & Experience

• Bachelor's degree in Business Administration, Management, Banking, or any related discipline.
• 3 years' relevant experience, including 1 year in a similar role.