Credit Analyst

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.

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 home ownership 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.

The Junior Commercial Underwriter position offers an opportunity to start your career in Commercial Underwriting. The person in this role will receive a strong foundation through formal Credit Training, which is a key to success in a career in Commercial Underwriting and Lending. This role will be responsible for Commercial Loan underwriting and portfolio reporting.

include the following, however other duties may be assigned based on business need:

• Contributes to underwriting of facility reports/annual reviews across all commercial lending verticals (C&I, Construction, CRE) with primary area of focus being statement spreading, stating terms and conditions and detailing the transaction summary, in accordance with State Regulatory guidelines and Salem Five's policies and procedures.
• Responsible for performing financial statement spreads within Baker Hill spreading software for all loan proposals.
• Assume ownership 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.

Responsible for due-diligence reporting (Lexis Nexis / Experian Credit Reporting), for new and existing loan requests. Said due-diligence reporting will accompany each underwriting proposal as part of the approval process.

The ideal candidate will have the following skills, education and experience:

• Bachelor's degree (B.A. or B.S.) from four-year College or University with foundation in Accounting or Finance related major.
• Appropriate computer skills (including Word and EXCEL) are essential.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Ability to Analyze financial statements (Balance Sheet, Income Statement, Statement of Cash Flows) as well as calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

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.

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

$60,000 - $80,000

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  or mail your resume to Human Resources, 210 Essex Street, Salem, MA01970.

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.

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