Inhouse Valuer at I&M Bank

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.