Sr. Commercial Loan Underwriter

ESSENTIAL DUTIES AND 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.
• Assumes additional responsibilities as requested.

EDUCATION AND EXPERIENCE

• Bachelor's degree (B. A. or B. S.) from four-year college or university; and 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.)

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.

SALARY RANGE

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

• 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.