Sr. Commercial Loan Underwriter

Salem Five Bank•Salem, MA

11h•$160,000 - $195,000•Onsite

About The Position

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.

Requirements

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

Responsibilities

Performs underwriting and annual reviews on commercial and/or commercial real estate and land development loans, regardless of dollar amount, industry or complexity, in accordance with State Regulatory guidelines and Salem Five’s policies and procedures.
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.
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.
Administers and reviews existing credits to protect the quality and profitability of the loan portfolio.
Identifies potential problem loans.
Manage problem loans as required by the Chief Credit Officer.
Demonstrates compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.
Regular attendance is essential to this position.
Assumes additional responsibilities as requested.