Commercial Lender (C&I)

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.

 

Join a growing mutual bank where sales ability meets execution, decision-makers are accessible, and deals get done.

We are looking for experienced middle-market C&I lending professionals to join the team.

Ideal candidates will have:
• Formal credit training
• 5+ years of experience in small to middle-market lending
• A strong understanding of credit analysis, structuring, and relationship management

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 

Salem Five is looking for a commercial lender with experience in C&I lending.

The commercial lender issues loans for businesses or business investment that are backed by solid collateral.

Commercial lenders evaluate, analyze, and interpret data regarding real property, pricing, market stability, and future trends by means of information provided within financial material and personal interviews.  Lenders are responsible for processing loan data and credit information, analyzing and evaluating credit worthiness and setting payment terms. 

Commercial lenders summarize data expressing current and long term trends in industry and company specific risks, as well as calculable economic pressures relevant to the condition of underlying borrower.

They may conduct research to further support decisions and make analyses to compare varying degrees of risk for potential losses.  They may suggest alternative lending measures during unfavorable financial trends. 

Responsibilities include the following.

(Other duties may be assigned): 


* Develop and maintain new business relationships.


* Establish a productive referral network consisting of attorneys, accountants, and other professionals within the market area.


* Conduct research on businesses, review tax and financial statements and interpret balance sheets, proforma ratios, annual budgets and profit and loss statements.


* Collaborate with credit department for receipt of applicant credit reports, background, reference checks, and financials in order to make an educated decision and/or approval for loans.


* Negotiate loan structure, inclu...