Sba Officer/Senior Community Business Banking Underwriter

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 office.

This position advises lenders on the Small Business Administration (SBA) loan rules and regulations, processes loans through E Tran, and prepares both the loan authorization and, at times, the closing documents. The person in this role works closely with the Community Business Banking Team and other commercial loan officers in structuring, approving, and closing SBA loans, as well as handles liquidations and a small portfolio. 

Additionally, The Senior CBB Underwriter is a credit professional responsible for the underwriting function of the CBB program, specifically utilizing the Baker Hill Origination software.  The CBB Underwriter applies sound decision making to underwrite businesses that contribute to a profitable and healthy portfolio.  The position has oversight responsibilities for underwriting functions of CBB and any junior CBB underwriters as added to the team. 

The Senior CBB Underwriter conducts detailed research on the financial history of businesses and individuals to determine their creditworthiness, adequacy of repayment resources and collateral. They review and verify income statements, tax returns and other financial documents to develop a borrower's profile and arrive at a credit recommendation, per Bank product guidelines and loan policies and procedures. Decisions made on issuing new loans or lines of credit are, in part, based on the credit underwriter’s recommendation. The CBB underwriter works closely with loan officers and may assist them with verifying the accuracy of loan applications, in addition to working with CBB team members in a collaborative environment.  CBB underwriter may also propose revisions to the credit limits or interest rates on the existing loans of qualified borrowers.  Credit underwriting for Community Business Banking as well as potential Middle Market accounts may also be required (time permitting), in addition to some reporting responsibilities. 

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

• As the SBA Officer, has expert knowledge of all SBA rules and regulations and is proficient with the SBA’s online applications and reporting solutions to include, but not limited to, Etran.
• Performs underwriting and annual reviews on all Community Business Banking loans, specifically SBA loans, in accordance with State Regulatory guidelines and Salem Five’s policies and procedures.
• Approves, administers and reviews loans and loan commitments to ensure that they adhere to existing policy guidelines and that documentation is adequate to ensure security of collateral, both in relation to Salem Five policy and SBA rules/regulations.
• Examines for adequacy and completeness, loan documentation on a wide variety of Community Business Banking loans and loan commitments.
• Approve or reject Community Business Banking loans, ensuring that the credits adhere to existing credit guidelines and that applicants are deemed credit worthy.
• Administers and reviews existing credits to protect the quality and profitability of the loan portfolio.
• Identifies potential problem loans.
• Supervises input data/usage of SBA loan application software and credit scoring module, as well as analyze output and recommend decisions.
• Demonstrates compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.
• Provide outstanding Customer Experience to Salem Five customers and prospects, when required.
• Proficient with utilizing desktop applications such as MS Office (Word, Excel, Outlook) and the Internet to search and locate information.
• Ensures the effective coordination of the commercial loan closing process. Verifying accuracy of notes with facility report and commitment letter, as related to SBA. 

Who We Are: Join an organization that prioritizes innovation, customer service and supporting the communities we serve. Love the people you work with while participating in and helping to shape our collaborative environment. When you join Salem Five, you become part of a growing, regional financial services company. 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.

Why Salem Five: We’ve been around since 1855 – which means we will be around a lot longer – but we also know what it takes to be competitive in this day and age.  We pride ourselves in being one of the first banks on the internet and continually try and push ourselves to offer the latest in online and mobile banking to serve our customers in whichever channel they prefer. Whether it be a virtual assistant via our website, obtaining cash at ATMs without a card present, or going through the mortgage process via our digital app, we want to offer the digital experiences that customers want. Continued company growth offers opportunities for individual growth.

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.  

Bachelor’s degree (B.A.) from four-year college or university; or six to ten years of related experience and/or training; or equivalent combination of education and experience.  Formal credit training and prior SBA lending experience are required. 

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 frequently required to stand; walk and sit. Specific vision abilities required by this job include close vision.

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:            Competitive Base 

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.