Commercial Loan Underwriter

JOB DUTIES AND RESPONSIBILITIES

• 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.
• Work 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.
• Manage 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.
• Assists Appraisal Review Officer in completion of appraisal review process, as needed based on pipeline activity.
• Participates in the mentorship of Junior Underwriters and internship program.
• Attends 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.
• Affords assistance in developing more junior personnel (i.e. new interns) and planning of work flow for the Team.

EDUCATION AND 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 AND 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.

PAY RANGE

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

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

• 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.