Commercial Loan Underwriter

Commercial Loan Underwriter

Salem Five is a growing regional financial services organization with a rich history of over 170 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:

• Responsible for performing underwriting across all commercial lending verticals (C&I, CRE, Construction), in accordance with Bank pipeline demands. Compliance with State Regulatory guidelines and Salem Five's policies and procedures is required.
• Responsible for working in concert with Account Officers on Annual Reviews and File Comments for designated relationships (C&I and CRE)
• Assume ownership of department reporting assignments allocated by the Chief Credit Officer, to include; Loan Policy Exception Reporting, NAICS Reporting, Financial Tracking Reporting, Concentration of Credit Reporting, Annual Review Reporting, and other reports requested.
• Responsible for managing completion of due-diligence reporting (Lexis Nexis / Experian Credit Reporting), for new and existing loan requests. Said due-diligence reporting will accompany each underwriting proposal as part of the approval process.
• Assumes responsibility for completion of financial statement spreading to be performed in Baker Hill, in concert with Junior Underwriters.
• Responsible for assisting Appraisal Review Officer in completion of appraisal review process, as needed based on pipeline activity.
• Responsible for participating in the mentorship of Junior Underwriters and internship program.
• Responsible for attending RMA/Mass Bankers "Advanced Course" for financial studies, to further analysis capabilities as it relates to review of the Balance Sheet, Income Statement and Statement of Cash Flows.
• Regular attendance is essential to this position.
• Assumes additional responsibilities as requested.
• Assist with the development of more junior personnel (i.e. new interns) and planning of work flow for the Team.

Education and/or experience: Bachelor's degree (B. A.) from four-year college or university and at least one years of relevant credit experience; or 3 to 5 years of related experience and/or training; or equivalent combination of education and experience.

Benefits/Incentives: We offer a comprehensive benefits package designed to support your well-being and success, including medical, dental, and vision coverage; Flexible Spending and Health Savings Accounts; 401(k) matching; and tuition reimbursement. You will also enjoy additional perks such as our employee referral program, annual holiday reception, summer family outing, and more.

Salary Range: $70,000 - $90,000

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.