Job Summary:

The Collateral Asset Adjuster will complete or facilitate property collateral appraisals and construction mortgage inspections to establish accurate market values of loan collateral.

Supervisory Responsibilities:

• None.

Duties/Responsibilities:

• Physically inspects property collateral such as trucks, farming equipment, or other types of property.
• Calculates fair market or salvage value of property; completes required appraisal forms.
• In collaboration with applicable loan officer, performs construction mortgage inspections.
• Prepares detailed reports including description of properties, relevant market conditions, and property value estimates.
• Assists with repossessions of property put up as collateral.
• Determines market value of repossessed property; prepares items for sale and oversees sales activities.
• Performs other related duties as assigned.

Required Skills/Abilities:

• Extensive knowledge of property collateral, which may include motor vehicles and equipment.
• Excellent communication and interpersonal skills.
• Excellent organizational skills and attention to detail.
• Ability to determine market value of property.

Education and Experience:

• Two to four years of experience in related field required.
• Bachelors degree in related field preferred.

Physical Requirements:

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.