Credit Risk Review Specialist I

Eastern Bank•Wakefield, MA

1d•$85,665 - $140,736•Hybrid

About The Position

The job’s mission is to provide the Bank with an independent mechanism to assist in early detection of loan problems, ensure accurate loan ratings, monitor compliance with policies, procedures and regulations, and assess portfolio administration of Relationship Managers and Portfolio Managers. The VP / Credit Risk Review Specialist I performs assigned reviews with guidance from senior team members. Key observations, potential concerns, and review results are shared with the Team Leader and Director of Credit Risk Review.

Requirements

Bachelor’s degree or equivalent
3-5 years of experience in credit analysis, commercial lending, or a related field.
Foundational understanding of commercial lending and underwriting principles
Understanding of commercial legal documentation
Solid oral and written communication skills
Ability to work independently
Demonstrated proficiency in all aspects of the lending process.
Excellent analytical, interpersonal and problem-solving skills.
Experience with x-cell and Microsoft tools.

Nice To Haves

Commercial lending, regulatory examination, workout, and/or portfolio management experience are beneficial to this role.

Responsibilities

Conduct risk-based reviews of Commercial loan exposures within assigned portfolios. Evaluate underwriting quality, risk rating accuracy, portfolio monitoring, documentation completeness, collateral valuation, and problem loan identification.
Identify potential underwriting and risk rating issues and provide observations. Escalate concerns to senior reviewers or team leadership for guidance and resolution.
Engage collaboratively with Lending, Credit, and Portfolio Management. Incorporate Line of Business input where appropriate without compromising final judgments.
Maintain broad knowledge of Bank credit policies and procedures to measure appropriate adherence during loan reviews. Stay well informed on credit products, industry trends and regulatory changes.
Provide concise analysis of each reviewed borrower, including an independent assessment of repayment capacity, covenant adherence, legal documentation, and industry risk.
Compile data collected during review and synthesized the findings.
Support departmental projects and initiatives aimed at improving credit review processes and risk management practices.