Job Information
Cambridge Savings Bank Small Business Credit Analyst in Waltham, Massachusetts
POSITION: Small Business Credit Analyst
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 and having a strong commitment to diversity and inclusion. The Small Business Credit Analyst collaborates with both the Commercial Credit and Small Business Lending teams. In the Credit function, the Analyst assists with evaluating and managing credit risk related to existing and potential Commercial Real Estate and Corporate Banking borrowers. The Analyst will also be involved in key components of Small Business lending, including application processing, underwriting, and document preparation/delivery.
Key Result Areas:
Maintain primary responsibility for spreading financial statements for existing borrowers and new prospects and coordinate with the C&I Portfolio Administrator to manage the pipeline of financial statements submitted for spreading.
Process applications and initiate the underwriting process to determine consideration path of loan request:express, traditional non-SBA, SBA.
Serve as the secondary point of contact for new Small Business credit requests, developing proficiency in CreditQuest to underwrite Small Business credit requests.
Maintain thorough knowledge of SBA program guidelines and works collaboratively with the Small Business Lending Manager in ensuring applicable full loan transaction compliance with the SBA.
Facilitate document preparation and delivery for all approved Small Business credit requests.
Assist senior analysts with preparation of annual reviews of existing borrowers.
Support credit risk management activities, including but not limited to internal/external audits, loan reviews, and regulatory compliance matters.
Perform additional duties as required.
Qualifications:
Associate degree, preferably in business, finance, or accounting, or 3 years of banking/financial services experience.
Ability to concisely articulate ideas both verbally and in writing.
Strong analytical skills.
Knowledge of Excel and Word, as well as ability to learn and adapt to internal bank systems.
Ability to work both independently and in groups.
Effective project and time management skills, with ability to multi-task.
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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