Commercial Loan Underwriter II

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.

Responsibilities

• Perform underwriting across all commercial lending verticals (C&I, CRE, Construction), in accordance with Bank pipeline demands while complying 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 requested reports.
• Assume ownership of the Department’s role in completing the Bank’s Allowance for Loan Loss reporting on a quarterly basis.
• Manage financial Statement Spreading completion in Baker Hill with the underwriting team (Jr. Underwriters and Commercial Loan Underwriter I).
• Handle assigned duties related to the management of the department internship program.
• Demonstrate compliance with banking business laws and regulations as defined in company policies and procedures.
• Regular attendance is essential to this position.
• Assume additional responsibilities as requested.
• Assist with the development of more junior personnel and planning of workflow for the Team.

Requirements

• Bachelor's degree (B.A.) from a four-year college or university.
• Minimum of three to five years of relevant credit-related experience.

Benefits

• Comprehensive benefits package including medical, dental, and vision coverage.
• Flexible Spending and Health Savings Accounts.
• 401(k) matching.
• Tuition reimbursement.
• Employee referral program.
• Annual holiday reception and summer family outing.

Pay

Salary Range: $80,000 - $110,000. The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. 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

• Regularly required to use hands to finger, handle, or feel and talk or hear.
• Frequently required to sit.
• Occasionally required to stand, walk, and reach with hands and arms.
• Must occasionally lift and/or move up to 10 pounds.
• Specific vision abilities required include close vision.