Credit Analyst

Cambridge Savings Bank; Waltham (MA); Hybrid; USD 64,000 - 111,000; Full time

Benefits offered by this job

Healthcare

401(k) plan and match

Performance bonuses

Flexible time off

Job summary

Cambridge Savings Bank is seeking a Credit Analyst to prepare credit analysis documents and underwriting packages for commercial loans. You will review financial statements, appraisals, and related documents to identify risks and policy requirements, under modest supervision.

The role focuses on C&I, CRE, and ABL exposures and involves collaborating with lending officers and portfolio managers to craft solid credit recommendations.

Qualifications

• Bachelor’s degree in business, finance, or accounting preferred or 2+ years in banking/financial services.
• Ability to write clearly and concisely with strong communication skills.
• Strong analytical skills and proficiency in financial accounting.

Responsibilities

• Prepare credit analysis documents identifying risks and policy requirements.
• Spread and interpret financial statements and appraisals for loan underwriting.
• Collaborate with lending officers on credit structure recommendations.
• Apply Commercial Lending Policy to loan requests and maintain rating accuracy.
• Attend client calls and build professional relationships.

Skills

Analytical skills

Written communication

Independent work

Education

Bachelor’s degree in business/finance/accounting

2+ years banking/financial services experience

Tools

Excel

Job description

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, MA Salary 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.

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.