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- Tasks: Assist in managing credit risk and loan quality for commercial real estate and corporate banking.
- Company: Cambridge Savings Bank is a trusted community bank with a commitment to financial well-being.
- Benefits: Enjoy hybrid work options, competitive salary, and opportunities for professional growth.
- Why this job: Make a positive impact while developing your finance skills in a supportive environment.
- Qualifications: A degree in business or finance and at least one year of credit experience required.
- Other info: Multiple positions available; join a diverse team dedicated to community service.
The predicted salary is between 72000 - 108000 ÂŁ per year.
Join to apply for the Credit Officer role at Cambridge Savings Bank
Join to apply for the Credit Officer role at Cambridge Savings Bank
POSITION: 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 and having a strong commitment to diversity and inclusion. The Credit Officer assists with managing the credit risk and loan quality of the Bank’s commercial real estate and Corporate Banking loan portfolios. The credit officer is responsible for identifying and mitigating credit risks and providing a thorough assessment of a borrower’s ability to generate sustainable cash flows through the preparation of a written, in-depth analysis of the business, management, and industry factors. The analyst may also provide support, as needed, to credit, risk management, lending, or other areas of the Bank.
Responsibilities include conducting due diligence on prospects, analyzing financial statements, and preparing loan packages for the commercial loan approval and review process.
Key Result Areas:
- 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.
Qualifications:
- 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.
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
- Multiple positions and levels available.
About Cambridge Savings Bank:
Cambridge Savings Bank is a full-service banking institution with $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. In February 2025, 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.
Seniority level
-
Seniority level
Mid-Senior level
Employment type
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Employment type
Full-time
Job function
-
Job function
Finance and Sales
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Industries
Banking
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Credit Officer employer: Cambridge Savings Bank
Contact Detail:
Cambridge Savings Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Officer
✨Tip Number 1
Familiarise yourself with the specific credit risk management practices at Cambridge Savings Bank. Understanding their approach will help you tailor your discussions during interviews and demonstrate your alignment with their values.
✨Tip Number 2
Network with current or former employees of Cambridge Savings Bank on platforms like LinkedIn. Engaging in conversations can provide you with insider knowledge about the company culture and expectations for the Credit Officer role.
✨Tip Number 3
Stay updated on the latest trends in commercial lending and credit analysis. Being well-versed in current market conditions will allow you to speak confidently about how these factors could impact the bank's loan portfolios.
✨Tip Number 4
Prepare to discuss your analytical skills and past experiences in credit analysis during interviews. Be ready to provide examples of how you've identified and mitigated credit risks in previous roles, as this will showcase your suitability for the position.
We think you need these skills to ace Credit Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Credit Officer at Cambridge Savings Bank. Familiarise yourself with their focus on credit risk management and loan quality, as well as the importance of collaboration with lending officers.
Tailor Your CV: Highlight your relevant experience in credit analysis, commercial lending operations, and any formal credit training you have received. Make sure to include specific examples that demonstrate your ability to assess credit risks and prepare thorough analyses.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the bank's commitment to community and diversity. Mention how your skills align with their needs, particularly in managing credit risk and supporting lending processes.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that your ideas are clearly articulated. A polished application reflects your attention to detail, which is crucial for a Credit Officer.
How to prepare for a job interview at Cambridge Savings Bank
✨Understand the Role
Before your interview, make sure you thoroughly understand the responsibilities of a Credit Officer. Familiarise yourself with credit risk management, loan quality assessment, and the importance of financial analysis in commercial lending.
✨Prepare for Technical Questions
Expect questions related to financial statements, credit analysis, and risk assessment. Brush up on your knowledge of Excel and any relevant banking regulations to demonstrate your expertise during the interview.
✨Showcase Your Communication Skills
As a Credit Officer, you'll need to articulate complex ideas clearly. Practice explaining your previous experiences and analyses succinctly, both verbally and in writing, to show that you can communicate effectively with colleagues and clients.
✨Demonstrate Team Collaboration
Highlight your ability to work both independently and as part of a team. Share examples of how you've collaborated with lending officers or other departments in the past, as this role requires strong interpersonal skills and teamwork.
