Job Description

Job Description

Job Description

Description:

River Run is a shared services organization that supports banking affiliates, Newburyport Bank, Pentucket Bank and Rollstone Bank & Trust.    

This is an onsite position located in Newburyport, MA .

The Appraisal & Environmental Analyst procures, tracks, and reviews commercial loan related appraisal and environmental reports. Maintains a constant flow of pertinent information between vendors and internal staff while ensuring due diligence is thorough, accurate, timely, and meets regulatory and policy requirements. Evaluates certain properties for underwriting or review purposes, as needed, and engages and reviews business valuation reports. 

Essential Job Functions

• Oversees the end-to-end procurement process for required appraisal and environmental reports, ensuring that pertinent information is communicated to vendors and that the scope of work is correct and aligns with policy requirements and regulations.
• Evaluates bids and proposals from appraisal/environmental firms based on cost, quality, and timeframes. Prepares and presents bids to lending staff to ensure that all required information is clear and accurate and aligns with closing timeframes.
• Reviews and assesses the quality, accuracy, and completeness of reports to ensure adherence to the terms of the engagement, alignment with industry standards, and satisfaction of regulatory requirements (e.g., Uniform Standards of Professional Appraisal Practice, Financial Institutions Reform, Recovery, and Enforcement Act of 1989, etc.). 
• Verifies the methodology used in appraisals, including valuation approaches, data sources, and assumptions, to ensure consistency and reliability. 
• Identifies any potential gaps or inconsistencies with regard to assessments of environmental impact and recommended corrective actions, if applicable.
• Communicates with vendors to clarify findings and resolves discrepancies related to reports, methodologies, delivery schedules, invoices, or payment terms.
• Prepares review forms and obtains signoffs as dictated by policy; escalates issues and concerns to supervisor, as appropriate. 
• Prepares internal property evaluation reports by analyzing local real estate market trends, comparable property sales, zoning regulations, assessments, neighborhood factors, etc. Ensures reports are clear, objective, and based on industry standards.
• Conducts vendor due diligence for potential new firms, confirms that existing vendors are properly licensed and accredited, and maintains ongoing relationships.
• Actively stays current on all Bank products, services, procedures, policies, and applicable regulatory and compliance requirements by regularly attending team meetings, completing mandatory training on schedule, and applying knowledge to ensure accuracy and compliance in daily operations. 
• Ensures adherence to federal and state laws, regulations, and bank policies by preventing violations, minimizing risks, and safeguarding the Bank’s interests. 
• Verifies transactions and account balances, ensuring compliance with bank policies and state and federal regulations and the Bank Secrecy Act (BSA), as applicable to the role.

  Qualifications, Experience, and Education

• Associate or Bachelor’s degree in business or 3-5 years professional experience in lieu of college degree.
• 1-2 years of professional experience.
• Prior experience in commercial lending or a real estate related industry strongly preferred, including previous experience with commercial and residential appraisals and environmental reports.
• Prior experience working within a loan origination system preferred. 
• Strong decision-making and oral and written communication skills.
• Proficient with word processing, spreadsheet, and email applications.
• Service and detail oriented with an ability to work successfully within stated deadlines.
• Professional demeanor and professional maturity for working closely with sensitive information, clients, employees, and vendors and the ability to multi-task and efficiently prioritize work.

River Run Services, LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at hr@riverrun.com or call 978-462-3136.

The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience, skills, and internal equity to ensure fairness and consistency across our organization.

Salary Description.

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