Job description

Description: Join the Bank that shares success with others! As a locally managed mutual bank, South Shore Bank is driven by the needs of communities rather than the demands of investors. You can help us serve as a trusted advisor to the people, businesses and organizations that make our communities stronger. We also provide a competitive benefit package with Medical, Dental, Vision, Flexible Spending, Dependent Care, Child Care Subsidy, Retirement, Life Insurance, and many other benefits.
South Shore Bank is seeking a Real Estate Valuation Specialist to support the directives and initiatives of the lending teams by validating real estate collateral values received through appraisals or internal evaluations. This position will conduct appraisal reviews, perform real estate evaluation reports, and assist the Bank’s lending and administrative personnel in the implementation of appraisal policy and procedure.
ESSENTIAL DUTIES AND RESPONSIBILITIES

• Assists in environmental and construction monitoring.
• Acts as a liaison between relationship managers and appraisers/environmental consultants.
• Completes appraisal engagement letters and contracts with appraisers.
• Reviews appraisal reports completed by external appraisers and completed appraisal checklists.
• Tracks all appraisal assignments from engagement to report receipt and invoice payment.
• Seeks bids from appraisers for external reports as needed.
• Ensures valuations are completed in accordance with regulatory requirements, Bank policy, procedures, and Uniform Standards of Professional Appraisal Practice requirements.
• Manages the reporting requirements on a daily, monthly, quarterly, and annual basis.
• Completes and updates appraisal and environmental procedures in approved Bank policy. Informs Bank personnel of regulatory changes as appropriate.
• Develops and maintains professional contacts; consults with appraisers and environmental consultants on issues relating to the request for information and corrective/disciplinary action.

Consider this description to be the foundation of your job, not its boundaries. Expect to participate in internal and external training sessions and activities not described here which enhance the quality of service to the client.
Requirements: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE

• 3 plus years’ experience in real estate valuations.
• Associates degree required, Bachelor’s degree in Finance/Business Administration or related field preferred or an equivalent of combined education and relevant work experience.
• Possess in-depth knowledge of appraisal policies and the related regulations (primarily FDIC Part 323 and various Financial Institution Letters).
• Strong knowledge of real estate or credit analysis.

ESSENTIAL FUNCTIONS
Adheres to the SSB Values: Accountability, Mutuality, Excellence, Respect, Integrity, Teamwork and Stewardship.
LANGUAGE SKILLS
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the public.
MATHEMATICAL SKILLS
Ability to calculate figures. Ability to apply concepts of basic algebra and geometry.
REASONING ABILITY
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
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 sit and talk or hear. The employee is occasionally required to stand; walk; use sufficient hand, arm and finger dexterity or feel objects, tools, or controls. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
KEY POINTS
It has been and will continue to be the policy of South Shore Bank to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, sex, color, religious creed, religion, national origin, citizenship status, age, disability, pregnancy, ancestry, military service, or veteran status, genetic or carrier status, marital status, sexual orientation, or any classification protected by applicable federal, state, or local laws.
At South Shore Bank, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. We believe in Shared success and We before Me. Through a variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

Job Type: Full-time

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