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Responsible for managing the credit analysis function of the Bank’s Commercial Real Estate Lending department and supporting the C&I credit group when needed. Partner with real estate lenders and portfolio managers to develop competitively structured loan solutions in accordance with the Bank’s risk appetite. Lead a team of Commercial Credit Analysts in gathering, understanding and presenting information critical to an informed credit-decisioning process. Ensure timely and consistent underwriting of all credit relationships, and assure adherence to loan policy. Interpret and apply credit policies and procedures. Works with the Chief Credit Officer to develop, implement and manage credit risks associated with the on-going management of the portfolio. Member of Internal Loan Committee.

Key Result Areas:  

  • Work with analysts and portfolio managers to assure that information required to prepare and complete independent credit analysis for loan proposals is in file, and to identify strengths and weaknesses and all material aspects of the borrower and transaction for use by Senior Management, the Internal Loan Committee, and/or the Board of Directors in rendering a loan approval decision

  • Participate in scheduling and preparing loans for the annual renewal/review process by working with lending officers and portfolio managers to ensure that credit files contain up-to-date financial information and that analyses are completed in accordance with applicable Bank and other industry or regulatory requirements

  • Develop and evaluate the performance of the credit analyst staff. Determine specific training/educational needs for analysts on an ongoing basis. Evaluate, in conjunction with the Training Department, programs, materials, or other sources to satisfy those needs

  • Work with lending staff to develop or refine loan proposals and when considered appropriate directly participate in those calls with prospective clients

  • Manage the analysis of the existing loan portfolio to include monitoring and spreading of financial statements and assigning or re-affirming the appropriate risk rating

  • Ensure that the Bank's guidelines, loan policies, and procedures are adhered to in approval of new and existing loans

  • Stay abreast and keep aware of regulatory trends and changes that would require modification to Bank policies, procedures, credit analyses or other areas of direct responsibility and make recommended changes and adjustments to each as needed or required

  • Provide back-up in the management of the process and procedures used in the ordering and review of appraisals used in the valuation of real estate collateral

  • Approve real estate evaluations when needed

  • Maintain market data and information critical to financial analysis of real estate transactions such as rental comps, construction costs, geographic data, etc., for use with ongoing reviews, stress tests and other portfolio management needs

  • When appropriate, participate in joint calls with account officers to better understand financial and non-financial aspects of the credit, the customer and the specific property, business or industry being financed

  • Remain informed of local and national economic, financial, political and legislative events and climates, which could have an impact on the Bank’s loan portfolio and lending activities

  • Effectively interact with all levels of the organization. In partnership with the C&I Credit Manager, function as the Commercial Credit Department’s liaison with the Bank’s Compliance Officer and staff, conducting periodic compliance training sessions and representing Commercial Credit at Compliance meetings

  • Contribute to the effective team management of all Bank problems, issues, and opportunities

  • Establish, promote and practice strong collaboration efforts within the department and with the various lending business lines as well as other employees and customers of the bank, to further grow and enhance the quality of the loan portfolio

  • In partnership with the C&I Credit Manager, partner with Chief Credit Officer in establishing a solid training program in the credit area to further develop and enhance the skill sets of the staff.  Including, developing a staffing structure to properly train and prepare staff, to include the enhancement of our “credit officer trainee program”

  • Perform additional duties as required


  • College degree, preferably in business, finance or accounting; or 15 years work experience

  • Proven ability to understand complex credit scenarios with a minimum of 10-15 years credit analysis experience in CRE Lending preferred

  • MBA or CFA preferred but will consider relevant work experience as a substitute

  • Knowledge of real estate lending and investment and loan principles

  • Strong supervisory/management skills. With emphasis on time management, work assignment, delegation and staff development

  • Strong analytical skills along with a solid understanding of financial accounting

  • Knowledge of commercial lending operations and regulations preferred

  • Strong computer skills

  • Strong communication (oral and written) and interpersonal skills, with the ability to interact with all types of people

  • Ability to work independently and meet deadlines

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. 


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.