Commercial Credit Manager

POSITION: Commercial Credit Manager

Position Summary:

The Commercial Credit Manager leads a team of Commercial Credit Analysts in gathering, analyzing, and presenting information essential for informed credit decisions. This role oversees the Credit Training Program, manages team workflow, reviews and evaluates credit analyses for accuracy and consistency, and ensures adherence to credit policies and risk standards. The Commercial Credit Manager partners with senior leadership to monitor portfolio risk, supports effective team collaboration, and stays informed of economic and regulatory trends impacting the Bank's commercial lending activities.

Key Result Areas:

* Manage and oversee the Credit Training Program, including developing and directing ongoing training and educational needs for Commercial Credit Analysts, evaluating individual and team performance, and collaborating with Learning & Development to ensure appropriate resources and support are available

* Manage the workflow of the Credit Analyst Team. Review and provide feedback on the individual credit work products for consistency, accuracy and adequacy. This includes identifying strengths and weaknesses, all material aspects of the borrower, guarantor and transaction analysis, and the accuracy of the risk rating to ensure the information is sufficient to make an informed lending decision

* Ensure timely and consistent underwriting of all credit relationships as well as adherence to credit risk policies. Develop, interpret and apply credit policies and procedures

* Contribute and support effective team management by fostering strong collaboration and partnership across the organization

* Partner with the Chief Credit Officer to monitor and manage credit risks across the Commercial portfolio. Fill in for the Chief Credit Officer as needed, including convening and moderating Internal Loan Committee

* Ensure adherence to the Bank's guidelines, loan policies, and procedures by all team members and in all credit products

* Stay abreast of economic, financial, political events as well as regulatory trends and changes that would impact the Bank's loan portfolio, lending activities or policies and procedures

* Perform additional duties as required

Qualifications:

* Bachelor's degree, in business, finance, or accounting, preferred

* 10+ years' work experience in banking or financial services

* Proven ability to understand complex credit scenarios with 7+ years of direct credit analysis experience in the key areas of commercial lending (C&I and CRE)

* In depth understanding of Commercial Loan Policy and applicable Federal and State regulations

* Ability to write clearly and concisely

* Excellent communication skills (both oral and written) to foster collaboration and teamwork

* Proficient in training and mentoring team members

* Strong analytical skills and is proficient in financial accounting

* Demonstrated ability to work efficiently and independently, meet deadlines, and effectively manage others to do the same

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: $170,000 - $220,000

The reasonably estimated salary for this role at Cambridge Savings Bank ranges from $170,000 - $220,000. 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.

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.