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POSITION: CREDIT OFFICER

Summary:

This position assists with managing the credit risk and loan quality of the Bank’s commercial real estate and Corporate Banking loan portfolios. The credit analyst is responsible for identifying and mitigating credit risks and providing a thorough assessment of a borrower’s ability to generate sustainable cash flows through the preparation of a written, in-depth analysis of the business, management and industry factors. The analyst may also provide support, as needed, to credit, risk management, lending or other areas of the Bank.

 

Responsibilities include conducting due diligence on prospects, analyzing financial statements, and preparing loan packages for the commercial loan approval and review process. 

 Key Result Areas:  

  • Work closely with lending officers to prepare written credit analyses for new loan requests and renewal/modification of existing credit facilities.

  • Identify trends and analyze performance in order to assess credit risks.

  • Maintain the accuracy of the Bank’s commercial loan rating system by validating that loan ratings accurately reflect the risks inherent in the credit.

  • As required, review commercial credit files for completeness and proper organization, and work with lending officers to take any necessary corrective action.

  • Support other credit risk management activities, including those related to internal or external audits, loan reviews, or regulatory compliance matters.

  • Monitor credit quality through the review of interim financial statements and provide early warning of possible deterioration.

  • Assist in the preparation of reports used in monitoring credit quality, as directed by the SVP/Chief Credit Officer and/or the VP/Credit Manager.

  • Attend joint client calls with lending officers when appropriate.

  • Identify cross-sell opportunities for the Bank’s array of products and services.

  • Provide credit analysis support to other departments as needed.

  • Establish and maintain professional and effective working relationships with CSB colleagues and customers.

  • Provide oversight and/or assist with the development of junior credit analyst staff.

  • Assist VP/Credit Manager with reporting requirements.

  • Perform additional duties as required.

Qualifications: 

  • 4 year college degree, preferably in business, finance, or accounting.

  • 1 + years credit experience coupled with formal credit training or three/ years credit analysis experience, to include C&I and CRE

  • Knowledge of commercial lending operations and regulations required.

  • Knowledge of Excel and Word, as well as ability to learn and adapt to internal Bank systems.

  • Ability to concisely articulate ideas both verbally and in writing.

  • Ability to work both independently and in groups.

  • Effective project and time management skills.

The above description covers the most significant responsibilities but does not exclude other occasional responsibilities and accountabilities, the inclusion of which would be in conformity with the major purpose of this job. 

Location:      

Waltham, Massachusetts 

About Cambridge Savings Bank: 

Cambridge Savings Bank is a full-service financial institution with approximately $5 billion in assets that is committed to improving the quality of life in the communities it serves. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services and has branches located in Arlington, Bedford, Belmont, Burlington, Cambridge, Charlestown, Concord, Lexington, Melrose, Newton, and Watertown.

Cambridge Savings Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.