Senior Credit Officer

Cambridge Savings Bank•Waltham, MA

12d•Hybrid

About The Position

The Senior Credit Officer prepares credit analysis documents for senior management and the Board, clearly identifying risks, financial metrics, and policy requirements. The role assesses borrower credit risks and the Bank’s ability to mitigate them, and prepares detailed loan underwriting packages for commercial loan approvals and reviews with minimal oversight from Credit Leads. The position focuses on complex C&I, Commercial Real Estate, and ABL relationships and provides support, coaching, and mentoring to junior credit staff, as well as support to other Bank departments as needed. This role partners with lending officers and portfolio managers to review, spread, and interpret financial statements, appraisals, and other relevant documents. It may recommend credit structures for new loans, renewals, modifications, and annual reviews. The Senior Credit Officer applies the Bank’s Commercial Lending Policy, contributes to the accuracy of the commercial loan rating system, and determines when complex requests need management guidance. The position may also attend client calls with lending officers and builds effective working relationships with employees and customers. The position is hybrid in Waltham, Massachusetts. The stated salary range is $91,800–$122,300; actual compensation depends on factors including skills, qualifications, and experience. Cambridge Savings Bank offers benefits for full-time roles, including healthcare, parental planning, mental health benefits, performance bonus opportunities, a 401(k) plan and match, and flexible time off. The Bank cannot sponsor or take over sponsorship of an employment visa for this role.

Requirements

Five or more years of work experience in banking or financial services.
Five or more years of direct credit analysis experience in commercial lending, particularly C&I and CRE.
Proven ability to understand complex credit scenarios.
Extensive experience preparing and editing credit analyses and other credit documents, such as memoranda, formal emails, and policy documents.
Ability to write clearly and concisely.
Excellent oral and written communication skills to foster collaboration and teamwork.
Strong analytical skills and proficiency in financial accounting.
Demonstrated ability to work efficiently and independently and meet deadlines.

Nice To Haves

Four-year college degree, preferably in business, finance, or accounting.

Responsibilities

Partner with lending officers and portfolio managers to review, spread, and interpret financial statements, appraisals, and other pertinent documents and prepare written credit analyses.
Recommend credit structures, when appropriate, for new loans, renewals, modifications, and annual reviews.
Underwrite the most complex C&I, Commercial Real Estate, and ABL relationships.
Work independently with minimal oversight from Commercial Credit Team Leads on most commercial loan underwriting requests and identify when complex requests require management guidance and feedback.
Develop a thorough understanding of the Bank’s Commercial Lending Policy and apply it appropriately to loan approval requests.
Accurately apply risk rating definitions to proposed transactions to help maintain the accuracy of the Bank’s commercial loan rating system.
Coach and mentor junior credit analysts.
Attend joint client calls with lending officers when appropriate.
Establish and maintain professional, effective working relationships with Bank employees and customers.
Perform additional duties as required.