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Salem Five Bank · 3 weeks ago

Credit Administration Appraisal and Environmental Officer

Salem, Massachusetts, United States

Full-time

Onsite

Senior Level

$140K/yr - $160K/yr

5+ years exp

Salem Five Bank is a growing regional financial services organization with a rich history of over 160 years. They are seeking a Credit Administration Appraisal and Environmental Officer to review appraisals and environmental reports, ensure compliance, and develop best practices for the Commercial Lending Department.

BankingFinanceFinancial ServicesMortgage

Responsibilities

Review completed appraisals/environmental reports (or assign the review to an appropriate underwriter/portfolio manager during periods of high volume) for adherence to current regulations and document results of such reviews. Be the primary contact with appraisers/environmental consultants when concerns with the report produced arise or other concerns as they occur

Collaborate with other staff to ensure appraisal compliance, independence and valuation

Stay up to date on market trends and conditions as well as changing regulatory requirements concerning the appraisal and environmental areas. Appropriately communicate industry and policy changes to the lending and underwriting staff with the concurrence of the Chief Credit Officer

Interface with bank examiners, auditors and loan review personnel as to compliance with policy and regulatory issues with the concurrence of the Chief Credit Officer

Identify and develop “best practices” for the Commercial Lending Department with an objective of standardization, where practical, of approach and process throughout the Division

Responsible for the completion of various Commercial Lending internal reports as well as certain reports delivered to the Executive Committee or the Trustees

Promote the company’s presence through participation and attendance at various civic and charitable events/organizations

Compliance with banking laws and regulations as defined in company policies and procedures pertinent to position

Regular attendance is essential to this position

Assumes additional responsibilities as requested

Qualification

Licensed appraiserDatabase analysisEnvironmental reportingRegulatory complianceCollaborationCommunicationProblem-solving

Required

Bachelor's degree (B.A.) from four-year College or university

five+ years of related experience

Appropriate computer skills, including database analysis

Licensed appraiser or equivalent training to be able to recognize deficiencies in appraisals and evaluations as well as changes in market trends and conditions

Working knowledge of environmental reporting and regulatory issues to be able to recognize deficiencies and environmental issues in order to work with consultants effectively