Commercial Lender (C&I)

Salem Five Bank; Salem (MA); Sur place; USD 150 000 - 200 000; Plein temps

Avantages offerts par ce poste

Health Insurance

Dental

Vision

401(k) Matching

Tuition Reimbursement

Résumé du poste

A regional financial services organization is seeking a Commercial Lender in Salem, MA. This role involves issuing loans backed by solid collateral, developing business relationships, and negotiating loan structures. Qualified candidates should have a degree in banking and finance, five to ten years as a loan officer, and strong analytical skills. This position offers competitive benefits and a salary range of $150,000 - $200,000 plus incentives.

Qualifications

• Five to ten years of experience as a loan officer.
• Strong background in business math, business law, and analytical skills.
• Workout experience strongly preferred.

Responsabilités

• Develop and maintain new business relationships.
• Conduct research on businesses, reviewing financial statements.
• Negotiate loan structure and approve loans within limits.
• Monitor ongoing portfolio of commercial loans.

Connaissances

C&I lending

Business analysis

Relationship building

Negotiation

Compliance knowledge

Formation

Associate’s, Bachelor’s or Master’s degree in relevant field

Outils

MS Office (Excel, Word, Exchange)

Description du poste

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. 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.

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.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• 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. Approve loan with delegated limits or refer 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 events/organizations.
• Demonstrate 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.

EDUCATION AND EXPERIENCE

An Associate’s, Bachelor’s or Master’s degree in banking and finance, economics, or a related degree field such as business finance. Must have five to ten years of experience as a loan officer. 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. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand, walk, sit; use hands to finger, handle, or feel; and reach with hands and arms. The employee must frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision. Employees are required to travel to store locations and participate in business and community events.

BENEFITS

Health Insurance, Dental, Vision, Flexible Spending Account, Health Savings Account, 401(k) Matching, Tuition Reimbursement, Employee Referral Program, Summer Family Outing, Annual Holiday Reception and more.

SALARY RANGE

$150,000 - $200,000 plus incentive. 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.

APPLICATION

Qualified candidates may 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.