Sr. Commercial Loan Underwriter - Major Clients

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 our Salem, MA office. 

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.    

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


* Responsible for underwriting and annually reviewing the largest and most complex commercial, C & I and/or commercial real estate (syndication transactions) and land development loans, in accordance with State Regulatory guidelines and Salem Five’s policies and procedures.  Working knowledge of Cash Flow Loan transactions is essential.


* 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.

Works directly with senior lenders to ensure proper loan structuring for larger, very complex transactions occurs.


* 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.


* Assist the CCO with commercial credit policy development. 


* Management of key credit projects assigned by the CCO. 


* Administers and reviews existing credits to protect the quality and profitability of the loan portfolio.


* Identifies potential problem loans and assists lenders with problem loan strategies.


* Responsible for mentoring/training assigned new lenders and/or underwriters to further their understanding of the Bank’s credit culture. 


* Demonstrates compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.

EDUCATION and/or EXPERIENCE

Bachelor's degree (B.

A.

or B.

S.) from four-year college or university; and ten to fifteen years of related senior level experience (i.e., lending, credit approval, workout) and/or training; or equivalent combination of education and experience.

Master’s degree in business or finance and/or prior lending expe...