Credit Analyst

 

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. 

The Junior Commercial Underwriter position offers an opportunity to start your career in Commercial Underwriting.

The person in this role will receive a strong foundation through formal Credit Training, which is a key to success in a career in Commercial Underwriting and Lending.

This role will be responsible for Commercial Loan underwriting and portfolio reporting.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following, however other duties may be assigned based on business need:


* Contributes to underwriting of facility reports/annual reviews across all commercial lending verticals (C&I, Construction, CRE) with primary area of focus being statement spreading, stating terms and conditions and detailing the transaction summary, in accordance with State Regulatory guidelines and Salem Five’s policies and procedures.



* Responsible for performing financial statement spreads within Baker Hill spreading software for all loan proposals.



* 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.


* Responsible for 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.

 

Qualifications to be a Credit Analyst: The ideal candidate will have the following skills, education and experience:

 



* Bachelor's degree (B.A.

or B.S.) from four-year College or University with foundation in Accounting or Finance related major.


* Appropriate computer skills (including Word and EXCEL) are essential.

   Competencies needed:


* Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.  Ability to write re...