Credit Officer

Cambridge Savings Bank is a full-service banking institution committed to improving the financial well-being of its customers and community. The Credit Officer plays a crucial role in managing credit risk and loan quality for the Bank’s commercial real estate and Corporate Banking loan portfolios, conducting thorough assessments and analyses to ensure sustainable cash flows.

Responsibilities

• Conduct due diligence on prospects, analyzing financial statements, and preparing loan packages for the commercial loan approval and review process
• Collaborate with lending officers to prepare written credit analyses for new loan requests and renewal/modification of existing credit facilities
• Identify trends and analyze performance to assess credit risks
• Maintain the accuracy of the Bank’s commercial loan rating system by validating that loan ratings accurately reflect the risks inherent in the credit
• Review commercial credit files for completeness and proper organization, and work with lending officers to take any necessary corrective action, as needed
• Support other credit risk management activities, including those related to internal or external audits, loan reviews, or regulatory compliance matters
• Monitor credit quality through the review of interim financial statements and provide early warning of possible deterioration
• Assist in the preparation of reports used in monitoring credit quality, as directed by the SVP/Chief Credit Officer and/or the FVP/Credit Manager
• Attend joint client calls with lending officers when appropriate
• Identify cross-sell opportunities for the Bank’s array of products and services
• Provide credit analysis support to other departments as needed
• Establish and maintain professional and effective working relationships with CSB colleagues and customers
• Provide oversight and/or assist with the development of junior credit analyst staff
• Assist FVP/Credit Manager with reporting requirements
• Perform additional duties as required

Skills

• 4-year college degree, preferably in business, finance, or accounting
• 1 + years credit experience coupled with formal credit training or three/ years credit analysis experience, to include C&I and CRE
• Knowledge of commercial lending operations and regulations required
• Knowledge of Excel and Word, as well as ability to learn and adapt to internal Bank systems
• Ability to concisely articulate ideas both verbally and in writing
• Ability to work both independently and in groups
• Effective project and time management skills

Benefits

• Healthcare
• Parental planning
• Mental health benefits
• Performance bonus opportunities
• A 401(k) plan and match
• Flexible time off
• Others

Company Overview