Commercial Loan Underwriter II

Salem Five Bank; Salem (MA); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) matching

Tuition reimbursement

Employee referral program

Job summary

Salem Five Bank, a growing regional financial services organization, seeks an experienced credit professional to underwrite across commercial lending verticals in Salem, MA. The role supports department reporting and quarterly loan loss calculations.

The position requires guiding junior staff, ensuring regulatory compliance, and maintaining strong ties to community-focused banking. Located in Salem, MA with a comprehensive benefits package.

Qualifications

• Bachelor's degree from four-year college or university.
• 3–5 years of relevant credit experience.
• Ability to work in the Salem, MA office.

Responsibilities

• Underwrite across commercial lending verticals (C&I, CRE, Construction) per bank policy.
• Manage department reporting (Loan Policy, NAICS, Financial Tracking, Concentration of Credit).
• Lead quarterly Allowance for Loan Loss reporting with underwriting team.
• Oversee Baker Hill financial statement spreading with the team.
• Support internship program and junior staff development.

Skills

Underwriting

Credit analysis

Financial reporting

Team leadership

Policy compliance

Education

Bachelor's degree

Job description

Requisition Number: COMME003647

• Posted : August 27, 2026
• Full-Time

Locations

Showing 1 location

Salem, MA 01970, USA

Description

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 the Salem, MA offices.

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’re without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what we’re all about.

JOB DUTIES AND RESPONSIBILITIES include, but are not limited to the following:

• Responsible for Performing underwriting across all commercial lending verticals (C&I, CRE, Construction), in accordance with Bank pipeline demands. Compliance with State Regulatory guidelines and Salem Five’s policies and procedures is required.
• Responsible for Management of department reporting assignments allocated by the Chief Credit Officer, to include Loan Policy Exception Reporting, NAICS Reporting, Financial Tracking Reporting, Concentration of Credit Reporting, Annual Review Reporting, and other reports requested.
• Assume ownership of Department’s role in the completion of the Bank’s Allowance for Loan Loss reporting on a quarterly basis.
• Responsible for Management of financial Statement Spreading completion in Baker Hill with underwriting team (Jr. Underwriters and Commercial Loan Underwriter I).
• Responsible for assigned duties related to the management of department internship program.
• Demonstrates compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.
• Regular attendance is essential to this position.
• Assumes additional responsibilities as requested.
• Assist with the development of more junior personnel and planning of workflow for the Team.

EDUCATION and/or EXPERIENCE:

Bachelor's degree (B. A.) from four-year college or university and a minimum of three to five years of relevant credit related experience.

Benefits/Incentives:We offer a comprehensive benefits package designed to support your well‑being and success, including medical, dental, and vision coverage; Flexible Spending and Health Savings Accounts; 401(k) matching; and tuition reimbursement. You will also enjoy additional perks such as our employee referral program, annual holiday reception, summer family outing, and more.

Salary Range: $80,000 - $110,000

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.

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. While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel and talk or hear. The employee frequently is required to sit. The employee is occasionally required to stand, walk, and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

No unsolicited resumes accepted from agencies.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.