Commercial Loan Underwriter II

Salem Five Cents Savings Bank • Salem, MA

287d

About The Position

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.

Requirements

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

Responsibilities

• Perform underwriting across all commercial lending verticals (C&I, CRE, Construction), in accordance with Bank pipeline demands.
• Ensure compliance with State Regulatory guidelines and Salem Five's policies and procedures.
• Manage department reporting assignments allocated by the Chief Credit Officer, including Loan Policy Exception Reporting, NAICS Reporting, Financial Tracking Reporting, Concentration of Credit Reporting, Annual Review Reporting, and other reports requested.
• Assume ownership of Department's role in the completion of the Bank's Allowance for Loan Loss reporting on a quarterly basis.
• Manage financial Statement Spreading completion in Baker Hill with underwriting team (Jr. Underwriters and Commercial Loan Underwriter I).
• Oversee assigned duties related to the management of department internship program.
• Demonstrate compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.
• Maintain regular attendance.
• Assume additional responsibilities as requested.
• Assist with the development of more junior personnel (i.e. new interns) and planning of workflow for the Team.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree