New Alert: Cooperative Bank of Oromia Vacancy

Cooperative Bank of Oromia is proud to be a home to more than 10 million customers worldwide offering Retail, Cooperative, Institutional and Diaspora, IFB banking services with a vision of becoming the leading private bank in Ethiopia by 2025.

The Bank has broad ownership base and diversified ownership structure. It comprises Cooperatives and Non-Cooperative members. Cooperative member includes Primary Cooperatives, Cooperative Unions and Cooperatives Federation whereas, non-Cooperative members includes Organizations, Associations and individuals.

Position : Valuation Auditor

Job Summary

Valuation Auditor is responsible for independently reviewing and auditing the valuation of collateral assets submitted for credit facilities within Bank. The role ensures that land, buildings, machinery, vehicles, and other pledged assets are valued, properly documented, and compliant with banking policies, valuation standards, and regulatory requirements. The position helps safeguard the bank from overvaluation risk, credit exposure, and collateral recovery losses.

Required Work Experience and Qualification

Bachelor’s degree in Civil Engineering, Construction Engineering, or related field.

At least 5 (five) years’ relative experience

Roles and Responsibility

Review collateral valuation reports submitted for loan approval or renewal.
Verify the accuracy of land, building, machinery, and vehicle valuations.
Assess whether valuation methods are reasonable and market-based.
Identify overvaluation, undervaluation, and unsupported assumptions.
Conduct field inspections of pledged collateral assets.
Verify the existence, condition, and usability of physical assets.
Compare actual asset conditions with valuation reports.
Confirm ownership and location of collateral assets.
Ensure compliance with the Bank’s credit and collateral policies.
Review adherence to accepted valuation standards and methodologies.
Validate legal documents such as title deeds and ownership certificates.
Reconcile collateral records with loan files and bank systems.
Identify duplicate, missing, or improperly registered collaterals.
Ensure proper tagging and documentation of collateral assets.
Prepare valuation audit reports with findings, root causes, and proper recommendations.
Follow up rectification of audit findings and report unresolved issues.