Commercial Lender (C&I)

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, including interest rates, fees, loan repayment options and other credit terms. Approves loan with delegated limits or refers loans to higher authority.
• Handle ongoing portfolio of commercial loans, including monitoring payments, financial performance and collateral position.
• Assume timely responsibility for compliance with approved loan covenants and regulatory requirements.
• Prepare and organize required reports, memos, and any other necessary documentation on a timely basis.
• Cross sell products and services to existing relationships.
• Promote the Bank’s presence through participation and attendance at various civic and charitable event/organizations.
• Demonstrates compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.
• Proficient with mobile smart phones and downloading applications.  This includes the basics of texting, email and application management
• Proficient utilizing desktop applications such as MS Office (Excel, Word, Exchange)
• Embrace new and emerging technologies to support operations and customers through flexibility and the ability to learn and adapt to change

Benefits/Incentives:  Health Insurance, Dental, Vision, Flexible Spending Account, Health Savings Account, 401k Matching, Tuition Reimbursement, Employee Referral Program, Summer Family Outing, Annual Holiday Reception and more

Salary Range:            $150,000 - $200,000 plus incentives

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.

Ready to apply? If this job sounds like a fit for you, then click on Apply/Apply Now in this posting. We look forward to talking with you.

Qualified candidates may also submit a resume and application online at salemfive.com/careers or mail your resume to Human Resources, 210 Essex Street, Salem, MA 01970. 

No unsolicited resumes accepted from agencies.