Commercial Credit Coordinator

Cambridge Savings Bank; Waltham (MA); On-site; USD 36,754 - 46,356; Full time

Job summary

A financial institution seeks a Commercial Credit Coordinator to provide administrative support for commercial lending. The role requires reviewing loan documents, maintaining credit files, and generating reports. Candidates should have a high school diploma with 2+ years of administrative experience, strong communication skills, and proficiency in MS Office. This hybrid position offers a salary range of $26.68 – $33.65/hr and is located in Waltham, MA. Sponsorship for employment visas is not available.

Qualifications

• 2+ years of experience in a professional office environment is preferred.
• Experience with commercial credit and loan administration is beneficial.
• Strong organizational skills and attention to detail.

Responsibilities

• Review critical fields within loan approval documents.
• Maintain electronic credit files and pipeline management.
• Support departmental systems maintenance.

Skills

Proficiency with MS Office Suite

Customer service skills

Multitasking ability

Strong communication skills

Education

High school education

Tools

Salesforce

Sageworks

OnBase

Job description

Position Summary

At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and have a strong commitment to diversity. The Commercial Credit Coordinator provides administrative support for the Commercial Lending areas of the Bank, including Credit Administration’s pipeline management, quality assurance, regulatory compliance efforts, processing of all approved loan requests, and the creation and ongoing maintenance of financial reporting ticklers.

Key Result Areas

• Responsible for the review of all critical fields within the loan approval document and the completion of required due diligence - including OFAC inquiries, flood determinations, CAIVRS inquiries, tax transcripts request, etc.
• Responsible for the approval process of all commercial loans and processing required commercial workflows and service requests for approved loan requests via electronic credit file application; including but not limited to new loans, modifications/renewals/extensions, annual loan reviews, risk rating changes, etc.
• Responsible for updating, monitoring and maintaining various Credit Administration pipelines and generating and publishing pipeline reports as necessary.
• Maintain complete and accurate electronic credit files, including all applicable due diligence, final appraisal reports and supporting underwriting documentation.
• Responsible for the creation and ongoing maintenance of financial reporting ticklers in the Sageworks/Abrigo application as well as the generation of various related reports with primary focus on financial reporting tracking.
• Submit departmental invoices to Accounting in a timely and accurate manner.
• Assist with the preparation of weekly and quarterly Committee meetings, corresponding submissions and minutes. Responsible for processing all assigned transactions within the electronic credit application after the meetings.
• Assist with the collection of ongoing vendor due diligence documents, and the maintenance of the Vendor Management Program and corresponding platform.
• Support departmental use and maintenance of systems including OnBase, Sageworks, Salesforce, DNA/Fiserv, and other core platforms.
• Establish and maintain effective working relationships with various departments, internal/external customers, and various third‑party vendors.
• Adhere to relevant compliance policies and procedures pertaining to this position including, but not limited to Reg B, OFAC, Flood Hazard Determination.
• Perform additional duties as required.

Qualifications

• High school education and 2+ years of professional office environment experience and administrative experience. Commercial credit and/or commercial loan administration experience is preferred.
• Strong level of proficiency with MS Office Suite and proven ability to assimilate new software applications. DNA, Salesforce, OnBase, or equivalent imaging system and Sageworks experience also beneficial.
• Ability to multi‑task, adapt quickly to changes and work effectively and independently to meet critical deadlines in a fast‑paced environment.
• Strong communicator with exceptional organization skills, multitasking ability and keen attention to detail and accuracy.
• Excellent time management skills.
• Excellent customer service and interpersonal skills, with a proven ability to collaborate effectively across multiple divisions within the Bank.
• Must present self and CSB with professionalism and demonstrate ease in engaging with all levels of Bank management.

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, MA

Salary Range

$26.68 – $33.65/hr

Visa Sponsorship

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

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.