Senior Credit Officer

POSITION: Senior Credit Officer

Position Summary:

The Senior Credit Officer 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 minimal oversight from Credit Leads the Senior Credit Officer prepares detailed loan underwriting packages for use in the commercial loan approval and review process. The position also provides support, as needed, to more junior credit staff and to other departments in the Bank.

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 Senior Credit Officer the focus is on the most complex C&I, Commercial Real Estate, and ABL relationships.
• Work independently with minimal oversight from the Commercial Credit Team Leads on most commercial loan underwriting requests and determine when more complex credit requests require management guidance and feedback.
• Develop a thorough 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.
• Provide coaching and mentoring support to junior credit analysts.
• 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
• 5+ years’ work experience in banking or financial services
• Proven ability to understand complex credit scenarios with 5+ years of direct credit analysis experience in the key areas of commercial lending (C&I and CRE)
• Extensive experience with preparing and editing credit analyses and other credit documents such as memoranda, formal emails, and policy documents.
• 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: $91,800 - $122,300

The reasonably estimated salary for this role at Cambridge Savings Bank ranges from $91,800 - $122,300. 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.