Salem Five Bank
Overview
Join to apply for the
Commercial Loan Officer (C&I)
role at
Salem Five Bank . Salem Five is a growing regional financial services organization with a history of over 160 years. As an independent bank, we are rooted in the communities we serve and offer our employees successful and rewarding careers. Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, with strong business banking, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company. Salem Five believes in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location level are part of our DNA. We are committed to businesses and organizations that help the region thrive and to our employees. We invite you to learn more about us. 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. Lenders evaluate, analyze, and interpret data regarding real property, pricing, market stability, and future trends from financial material and personal interviews. Lenders are responsible for processing loan data and credit information, analyzing creditworthiness 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 borrower. They may conduct research to support decisions and analyze varying levels of risk for potential losses. They may suggest alternative lending measures during unfavorable financial trends. Essential duties and 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 checks, references, and financials to make an educated decision and/or approval for loans.
Negotiate loan structure, including interest rates, fees, loan repayment options and other credit terms. Approve loans with delegated limits or refer loans to higher authority.
Handle ongoing portfolio of commercial loans, including monitoring payments, financial performance and collateral position.
Ensure compliance with approved loan covenants and regulatory requirements in a timely manner.
Prepare and organize required reports, memos, and 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 events/organizations.
Demonstrate compliance with banking laws and regulations as defined in company policies and procedures pertinent to the position.
Be proficient with mobile devices and basic applications (texting, email, app management).
Be proficient utilizing desktop applications such as MS Office (Excel, Word, Exchange).
Embrace new and emerging technologies to support operations and customers; demonstrate flexibility and the ability to learn and adapt to change.
Qualifications
Education and/or Experience An Associate’s, Bachelor’s or Master’s degree in banking and finance, economics, or related field such as business finance. Five to ten years of experience as a loan officer are preferred. A strong background in business math, business law, and analytical and comparison skills is recommended. A combination of formal bank credit training or previous work experience is preferred. Workout experience strongly preferred.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee is regularly required to talk or hear, stand, walk, sit, use hands to finger, handle, or feel, and reach with hands and arms. The employee may frequently lift and move up to 10 pounds. Specific vision abilities required include close vision. Travel to store locations and participation in business and community events may be required.
Benefits
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
Competitive Base plus incentive.
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.
Seniority level: Lead to Mid-Senior level
Employment type: Full-time
Job function: Finance and Sales
Industries: Banking
Referrals increase your chances of interviewing at Salem Five Bank. Get notified about new Commercial Loan Officer jobs in Salem, MA.
Note: This description is based on the information provided and does not imply guarantees of employment. The organization reserves the right to modify duties or responsibilities at any time.
#J-18808-Ljbffr
Join to apply for the
Commercial Loan Officer (C&I)
role at
Salem Five Bank . Salem Five is a growing regional financial services organization with a history of over 160 years. As an independent bank, we are rooted in the communities we serve and offer our employees successful and rewarding careers. Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, with strong business banking, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company. Salem Five believes in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location level are part of our DNA. We are committed to businesses and organizations that help the region thrive and to our employees. We invite you to learn more about us. 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. Lenders evaluate, analyze, and interpret data regarding real property, pricing, market stability, and future trends from financial material and personal interviews. Lenders are responsible for processing loan data and credit information, analyzing creditworthiness 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 borrower. They may conduct research to support decisions and analyze varying levels of risk for potential losses. They may suggest alternative lending measures during unfavorable financial trends. Essential duties and 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 checks, references, and financials to make an educated decision and/or approval for loans.
Negotiate loan structure, including interest rates, fees, loan repayment options and other credit terms. Approve loans with delegated limits or refer loans to higher authority.
Handle ongoing portfolio of commercial loans, including monitoring payments, financial performance and collateral position.
Ensure compliance with approved loan covenants and regulatory requirements in a timely manner.
Prepare and organize required reports, memos, and 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 events/organizations.
Demonstrate compliance with banking laws and regulations as defined in company policies and procedures pertinent to the position.
Be proficient with mobile devices and basic applications (texting, email, app management).
Be proficient utilizing desktop applications such as MS Office (Excel, Word, Exchange).
Embrace new and emerging technologies to support operations and customers; demonstrate flexibility and the ability to learn and adapt to change.
Qualifications
Education and/or Experience An Associate’s, Bachelor’s or Master’s degree in banking and finance, economics, or related field such as business finance. Five to ten years of experience as a loan officer are preferred. A strong background in business math, business law, and analytical and comparison skills is recommended. A combination of formal bank credit training or previous work experience is preferred. Workout experience strongly preferred.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee is regularly required to talk or hear, stand, walk, sit, use hands to finger, handle, or feel, and reach with hands and arms. The employee may frequently lift and move up to 10 pounds. Specific vision abilities required include close vision. Travel to store locations and participation in business and community events may be required.
Benefits
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
Competitive Base plus incentive.
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.
Seniority level: Lead to Mid-Senior level
Employment type: Full-time
Job function: Finance and Sales
Industries: Banking
Referrals increase your chances of interviewing at Salem Five Bank. Get notified about new Commercial Loan Officer jobs in Salem, MA.
Note: This description is based on the information provided and does not imply guarantees of employment. The organization reserves the right to modify duties or responsibilities at any time.
#J-18808-Ljbffr