Job Description

Credit Administration Appraisal and Environmental Officer

Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.

This position requires the ability to work in the Salem, MA offices. Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families.

Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what we're all about.

Job duties and responsibilities include, but are not limited to the following:

• 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.

Education and/or experience: Bachelor's degree (B.A.) from four-year College or university and 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.

Physical demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel and talk or hear. The employee frequently is required to sit. The employee is occasionally required to stand, walk, and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

Benefits/Incentives: Health Insurance, Dental, Vision, Flexible Spending Account, Health Savings Account, 401k Matching, Tuition Reimbursement, Employee Referral Program, Summer Family Outing, Annual Holiday Reception and more

Salary Range: $140,000 - $160,000

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