Job Information
Cambridge Savings Bank Lead C&I Credit Officer in Waltham, Massachusetts
POSITION: Lead C&I Credit Officer
Summary:
At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations, having a strong commitment to diversity and inclusion, and fostering a highly collaborate and customer centric environment. The Lead C&I Credit Officer is responsible for managing the credit analysis function of the Bank’s Commercial & Industrial Lending Team. Together with Lenders, develop competitively structured loan solutions in accordance with the Bank’s risk appetite; partner with Commercial Credit Analysts and Lenders to gather, understand and present information critical to an informed credit-decisioning process to ensure timely and consistent underwriting of all C&I credit relationships and compliance with credit risk policies. In addition, develop, interpret, and apply credit policies and procedures; collaborate with the Commercial Credit Manager and Chief Credit Officer develop, implement, and manage credit risks associated with the on-going management of the portfolio.
Key Result Areas:
Gather and review required information to prepare and complete independent credit analysis for loan proposals that have enough information to make an informed decision about the proposed transaction by Senior Management, the Internal Loan Committee, and/or the Board of Directors.
Participate in scheduling and preparing loans for the annual renewal/review process by working with lending officers to ensure that credit files contain up-to-date financial information and that analyses are completed in accordance with Bank Policy and other industry or regulatory requirements.
Develop and evaluate the performance of the credit analyst staff. Determine specific training/educational needs for analysts on an ongoing basis. Evaluate, in conjunction with the Training Department, programs, materials, or other sources to satisfy those needs.
Partner with Lending team to develop or refine loan proposals and when considered appropriate directly participate in those calls with prospective clients.
Manage the analysis of the existing loan portfolio to include monitoring and spreading of financial statements and assigning or re-affirming the appropriate risk rating.
Assist when appropriate in the management of problem loans, delinquencies, regulatory requirements, and audits or other such departmental or bank requirements.
Ensure adherence to the Bank's guidelines, loan policies, and procedures for new and existing loans.
Stay abreast and keep aware of regulatory trends and changes that would require modification to Bank Policies, procedures, credit analyses or other areas of direct responsibility and make recommended changes and adjustments to each as needed or required.
Provide back-up in the management of the process and procedures used in the review of appraisals used in the valuation of real estate collateral.
When appropriate, participate in joint calls with account officers in order to better understand financial and non-financial aspects of the credit, the customer and the specific property, business or industry being financed.
Remain informed of local and national economic, financial, political and legislative events and climates, which could have an impact on the Bank’s loan portfolio and lending activities.
Contribute to the effective team management of all Bank problems, issues, and opportunities.
Establish, promote, and practice strong collaboration efforts within the department and with the various lending business lines as well as other employees and customers of the bank, to further grow and enhance the quality of the loan portfolio.
In partnership with the Commercial Credit Manager, work with Chief Credit Officer in establishing and overseeing a solid training program in the credit area to further develop and enhance the skill sets of the staff, especially trainees and less experienced analysts and PMs.
Perform additional duties as required.
Qualifications:
College degree, preferably in business, finance, or accounting; or 8 years work experience.
Proven ability to understand complex credit scenarios with 8+ years credit analysis experience in C&I; some experience with CRE Lending preferred.
Strong supervisory/management skills, with emphasis on time management, work assignment, delegation, and staff development.
Strong analytical skills along with a solid understanding of financial accounting.
Knowledge of commercial lending operations and regulations preferred.
High level of technical proficiency, strong communication (oral and written) and interpersonal skills, and the ability to interact with people at all levels.
Ability to work 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, Massachusetts
About Cambridge Savings Bank:
Cambridge Savings Bank is a full-service banking institution with over $6 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. In March 2023, Kroll Bond Rating Agency affirmed CSB’s investment-grade rating, reinforcing the bank’s position as a reliable business lender. To learn more about how CSB 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.
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