PRINCIPAL REAL ESTATE OFFICER (APPRAISALS)

Basic Function

Performs highly complex real estate work in Appraisal, Acquisition/Relocation, or Asset Management.

For Appraisal: Performs: highly complex real estate appraisals functions to determine the fair market value of properties required for active projects; prepares appraisal reviews and recommends values for acquisition or rental purposes; and coordinates procurement, contract management, and file management related to appraisal assignments.

For Acquisition/Relocation: Performs highly complex real estate acquisition and relocation functions; acquires real property required for active projects either through negotiations or eminent domain; provides oversight and coordination for internal management of special projects, including environmental investigations; provides oversight and management of outside acquisition and relocation consultants, including procurement, contract management, and file management.

For Asset Management: Coordinates real estate leasing and access agreements for real estate activities adjacent to, over, or under Metro right-of-way (ROW), with both private property owners and internal agency departments to ensure that transit services are not interrupted and safety is maintained; and establishes and follows best management practices.

Example Of Duties

• Performs a broad range of complex, cross-sectional real estate and right-of-way functions
• Plans and manages real estate projects
• Reviews title reports, appraisals, and similar support documents and reports
• Assists management in preparing real estate revenue goals and budget reports estimating real estate related costs
• Inspects real estate both in person and using computer programs to document conditions
• Evaluates Metro's real estate needs, identifies opportunities to enhance safety and revenues, and recommends policies and procedures to enhance department efficiency and accuracy of management of assets
• Prepares written and oral reports, resolutions, correspondence, and legal documents
• Represents the department in meetings with other departments/divisions, property owners and tenants, and business and community groups to make presentations or respond to inquiries
• Provides oversight and management of outside consultants
• Provides leadership, guidance, and advice to staff on complex real estate issues
• Provides training to support staff on real estate related functions
• Coordinates work activity of both professional and administrative staff when working on special projects
• Contributes to ensuring that the Equal Employment Opportunity (EEO) policies and programs of Metro are carried out For Appraisal
• Analyzes property requirements to understand the potential impacts to the property
• Prepares appraisal scope of work, reviews real estate appraisals for thoroughness and professional completion, and prepares appraisals as appropriate
• Communicates with management and outside counsel regarding issues that are significant in appraisals prepared for property owners For Acquisition/Relocation
• Negotiates with property owners or their agents for purchase or voluntary transfer of property
• Coordinates with escrow and title companies relative to ownership and conditions of title
• Prepares and presents relocation related notices
• Reviews and processes relocation claims and payments
• Provides oversight on acquisition and relocation delivery milestones
• Solicits consultant(s) for the preparation and review of environmental investigation reports For Asset Management
• Coordinates use of Metro assets (land) with internal departments
• Executes agreements that enable safe, short-term use of or access to Metro land
• Manages assets sensibly to reduce Metro expenses for maintenance and upkeep
  
  

May Be Required To Perform Other Related Job Duties

Requirements For Employment

Required

A combination of education and/or experience that provides the required knowledge, skills, and abilities to perform the essential functions of the position. Additional experience, as outlined below, may be substituted for required education on a year-for-year basis. A typical combination includes:

Education

• Bachelor′s Degree in Real Estate, Business Administration, Public Administration, Economics, Engineering, or a related field
  
  

Experience

• Five years of relevant experience in real estate services, requiring at least two years specialized experience in area of assignment, such as eminent domain, property appraisal review, etc.; experience in municipal government real estate management preferred
  
  

Certifications/Licenses/Special Requirements

• A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions
• Senior Right of Way Agent (SRWA) Designation preferred
• For an Appraiser's position, a California Real Estate Appraiser License is required
  
  

Preferred Qualifications

• Experience utilizing appraisal methods and techniques to resolve complex appraisal problems
• Experience preparing and reviewing appraisals to ensure compliance with eminent domain
• Experience appraising multiple property types and property interests
• Experience ensuring appraisal standards and requirements such as Uniform Standards of Professional Appraisal Practice, Uniform Appraisal Standards for Federal Land Acquisitions, CFR 49 Part 24.103 Subpart B and Chapter 7-Appraisals of the California Department of Transportation (CALTRANS) Right of Way Manual for real property acquisitions are adhered to
• Active Certified General California Real Estate Appraisal License
  
  

Knowledge

• Theories, principles, processes, procedures, and practices of real estate services, including appraisal, property management, and documentation requirements
• Applicable local, state, and federal laws, rules, and regulations governing real estate practices, processes, and procedures
• Basic real estate law and eminent domain law
• Theories, principles, and practices of land use planning and regulations
• Applicable federal, state, and local rules and regulations governing public acquisition policies
• Financial calculations relating to real estate
• Various areas of Los Angeles County, including cities and neighborhoods
• Computer applications, particularly as related to the analysis and maintenance of property information and records
• Computer software, such as Word, Excel, PowerPoint, Publisher, and financial calculator
  
  

Skills

• Conducting real estate research and appraisals
• Understanding and analyzing complex planning concepts
• Interacting professionally with all level of Metro employees and external parties
• Preparing reports and correspondence
• Communicating effectively orally and in writing
• Using real estate specific software
• Reading and interpreting legal documents
• Preparing contract documentation
• Analyzing financial data and basic mathematics
• Supervising, training, and motivating team members
  
  

Abilities

• Perform analysis of real estate issues, identify problems, and recommend solutions
• Think and act independently
• Proofread and write scopes of work
• Conduct planning studies and act as a project manager
• Negotiate favorable real estate transactions, prepare appropriate contract documentation, and recommend appropriate strategies
• Exercise judgment and creativity in making decisions, and sensitivity in politically charged areas or projects
• Represent Metro before the public
• Work successfully and accurately under tight time restraints
• Organize and manage many projects concurrently
• Travel to offsite locations
• Read, write, speak, and understand English
  
  

Selection Procedure

Applicants who best meet job-related qualifications will be invited to participate in the examination process that may consist of any combination of written, performance, or oral appraisal to further evaluate job-related experience, knowledge, skills and abilities.

Application Procedure

To apply, visit Metro's website at www.metro.net and complete an online Employment Application. Telephone: (213) 922-6217 or persons with hearing or speech impairments can use California Relay Service 711 to contact Metro.

All completed online Employment Applications must be received by 5:00 p.m. on the closing date. (SH)

• Open to the public and all Metro employees
  
  

This job bulletin is not to be construed as an exhaustive list of duties, responsibilities, or requirements. Employees may be required to perform other related job duties.

Ptsc Benefits

Medical/Dental/Vision Plan - Employee has the choice of 3 separate medical plans and 3 dental plans. A separate vision plan is included in each medical plan.

Group Life Insurance - PTSC pays for an amount equal to your annual salary, rounded up to the nearest $1,000. Minimum amount of life insurance is $30,000.

Accidental Death & Dismemberment Insurance - PTSC provides $50,000 coverage for each employee. Additional voluntary coverage in amounts up to $500,000 is available at favorable premium rates.

Long-Term Disability Insurance - 100% employer paid. Provides employees with a minimum income of 60% of earnings after six months of disability. Buy up or buy down options available.

Holidays - 12 days a year: New Year's Day, Martin Luther King, Jr. Day, Presidents' Day, Memorial Day, Independence Day, Cesar E Chavez, Juneteenth, Labor Day, Veterans' Day, Thanksgiving Day, Day After Thanksgiving, and Christmas Day.

Time off with Pay (TOWP) - Compensates employees who are on approved absence from work for reasons such as illness, injury, medical and dental appointments, personal business, vacation, or observance of (a) religious holiday.

Years of Service Annual Accrual

Hire date - 5 years 20 days

Beginning of 6th - 10th year 25 days

Beginning of 11th - 15th year 30 days

Beginning of 16th + years 35 days

Pension Plan - PTSC retirement plan is the Public Employees' Retirement System (PERS). Vesting is five (5) years. Minimum retirement age is 52, based on the 2% at 62 formula.

Other Benefits : Transportation passes for employees and/or eligible dependents; Medicare; Tuition reimbursement; credit union membership; SDI; Deferred Compensation Plan; 401(K) Thrift plan; EAP; Medical and Dependent Care Flexible Spending Accounts; Flexible work schedules; and Jury Duty Pay.