Analyst, Property Valuation

Job summary / introduction

The role is to adhere to the regulation of Mortgages Real Estate (RE) - Consumer Banking (CB) Credit Valuation team, monitoring and resolving valuation disputes and escalations. The role requires managing relationships and liaising with external vendors, product mortgages, direct sourcing channels, and all FAB branches (UAE) for smooth processing, enhancement, and standardization of property valuation for Commercial Real Estate (CRE), Estate Finance (EF), and Vanilla Products.

Key responsibilities

• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so valuation is carried out in a controlled and consistent manner.
• Demonstrate compliance with the organization's values and ethics to support the establishment of a value-driven culture within the bank.
• Contribute to the identification of opportunities for continuous improvement, standardization, and sustainability of systems, processes, and practices considering global standards and productivity improvement.
• Supervise the preparation of timely and accurate turnaround times (TAT) and reports to meet department requirements, policies, and quality standards.
• Provide support for escalations and disputes raised by the business of Mortgages Real Estate - CB Credit Valuations.
• Review and finalize financial invoices received from external empaneled vendors and liaise with Product Mortgage for the expense accruing dues against valuation fee charges.
• Monitor and manage controls to adhere to the valuations process.
• Review valuations, identifying and rectifying discrepancies in reports.
• Review invoices, rectify discrepancies, and outstanding charges of external vendors.
• Adhere to strict policy; solutions are provided in consultation with the appropriate level for solving problems and ensuring that the external customers of the bank receive efficient service.
• Provide backup support to initiate property valuation requests with external property valuators for mortgage loans.
• Prepare MIS statistics, monthly valuation reports, presentations, and consolidated daily status reports for stakeholders.
• Review initial valuation requests, queries, and concerns.
• Return corrections: after reviewing discrepancies in requests, return them with corrections to the branches.
• Receive valuation requests with required documents and fees, review again, and send to evaluators.
• Cancel requests in case inspection is not possible and re-initiate valuation requests.
• Review responses from evaluators, reports, compare asking price with market value or rentals, request revisions to reports if amendments are needed, and review amendments and corrections in the report.
• Function within the framework and boundaries of group policies of Credit Mortgage Valuation as well as overall organizational and governance frameworks.
• Authorized to make decisions as per the approved authorization process of valuation and provide concurrence to the valuation companies and sourcing channels.

Requirements / qualifications

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

About us

First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.

Life at FAB

Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organization.

Career development

FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.

Our values

At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globally that rewards your hard work and dedication.

Join our team and be part of a journey to shape the future of banking.