Sr. Commercial Loan Underwriter Major Clients

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 our Salem MA office.

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 were all about.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following however other duties may be assigned based on business need:

• Responsible for underwriting and annually reviewing the largest and most complex commercial C & I and/or commercial real estate (syndication transactions) and land development loans in accordance with State Regulatory guidelines and Salem Fives policies and procedures. Working knowledge of Cash Flow Loan transactions is essential.
• Approves administers and reviews loans and loan commitments to ensure that they adhere to existing policy guidelines and that documentation is adequate to ensure security of collateral. Works directly with senior lenders to ensure proper loan structuring for larger very complex transactions occurs.
• Examines for adequacy and completeness loan documentation on a wide variety of loans and loan commitments.
• Approve or reject loans ensuring that the credits adhere to existing credit guidelines and that applicants are deemed credit worthy.
• Assist the CCO with commercial credit policy development.
• Management of key credit projects assigned by the CCO.
• Administers and reviews existing credits to protect the quality and profitability of the loan portfolio.
• Identifies potential problem loans and assists lenders with problem loan strategies.
• Responsible for mentoring/training assigned new lenders and/or underwriters to further their understanding of the Banks credit culture.
• Demonstrates compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.

EDUCATION and/or EXPERIENCE

Bachelors degree (B. A. or B. S.) from four-year college or university; and ten to fifteen years of related senior level experience (i.e. lending credit approval workout) and/or training; or equivalent combination of education and experience. Masters degree in business or finance and/or prior lending experience preferred. Ten to fifteen years of commercial underwriting/lending experience showing increasing levels of responsibilities required. Experience underwriting larger and very complex loan transactions (i.e. CRE syndications and/or acquisition financing for $20 million or more.) Applicant must have appropriately developed computer skills to complete assignments. Previous experience with approval authority is required.

Benefits/Incentives: We offer a comprehensive benefits package designed to support your wellâbeing 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: $160000 - $185000

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education qualifications certifications experience skills seniority location and performance. This range may be modified in the future.

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.

Ready to applyIf this job sounds like a fit for you then click onApply/Apply Nowin this posting. We look forward to talking withyou.

No unsolicited resumes accepted from agencies.

Required Experience:

Senior IC