Credit Analyst

POSITION: Credit Analyst

Position Summary:

The Commercial Credit Analyst prepares credit analysis documents for senior management and the Board that clearly identify risks, financial metrics, and policy requirements, and is responsible for identifying and understanding a borrower’s credit risks and providing a thorough assessment of the Bank’s ability to mitigate these risks.  With modest oversight from Credit Leads the Commercial Credit Analyst prepares detailed loan underwriting packages for use in the commercial loan approval and review process. 

Key Result Areas: 

• Partner with lending officers and portfolio managers to review, spread and interpret financial statements, appraisals and other pertinent documents to prepare a written credit analysis.  When appropriate in the aforementioned credit analysis make credit structure recommendations for new loans, renewals, modification and annual reviews.   As a Credit Analyst the focus is on an array of C&I, Commercial Real Estate, and ABL relationships. 
• Work independently with continued oversight and guidance from the Commercial Credit Team Leads on commercial loan underwriting requests.
• Develop an understanding of the bank’s Commercial Lending Policy and an ability to appropriately apply that Policy to loan approval requests.
• Contribute to maintaining the accuracy of the Bank’s commercial loan rating system by accurately applying the risk rating definitions to proposed transactions.
• Attend joint client calls with lending officers, when appropriate.
• Establish and maintain professional and effective working relationships with other CSB employees and customers.
• Perform additional duties as required

Qualifications:

• 4-year college degree preferably in business, finance, or accounting preferred or 2+ years’ work experience in banking or financial services
• Ability to write clearly and concisely
• Excellent communication skills (both oral and written) to foster collaboration and teamwork
• Strong analytical skills and is proficient in financial accounting
• Demonstrated ability to work efficiently and independently and meet deadlines.

The above description covers the most significant major 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:Hybrid/Waltham, MASalary Range:$64,000 - $111,300

The reasonably estimated salary for this role at Cambridge Savings Bank ranges from $64,000 - $111,300. Cambridge Saving Bank will determine actual compensation for the role based on factors including, but not limited to, the successful candidate’s skills, qualifications, and experience. In addition, Cambridge Savings Bank offers a wide range of comprehensive and inclusive employee benefits for full-time roles including healthcare, parental planning, mental health benefits, performance bonus opportunities, a 401(k) plan and match, flexible time off, and others.

Visa Sponsorship: Cambridge Savings Bank is unable to sponsor or take over sponsorship of an employment visa for this role at this time.

About Cambridge Savings Bank:

Cambridge Savings Bank is a full-service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. To learn more about how we can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship.Member FDIC. Equal Housing Lender. NMLS # 543370.