Senior Credit Officer (Boston) Job at Eastern Bank, Boston, MA

RlF0aEtjcGJoWFJ5eWJ4YURUVWN4NCswcGc9PQ==
  • Eastern Bank
  • Boston, MA

Job Description

Join to apply for the Senior Credit Officer role at Eastern Bank

1 day ago Be among the first 25 applicants

Join to apply for the Senior Credit Officer role at Eastern Bank

Direct message the job poster from Eastern Bank

The Senior C&I Credit Officer is responsible for co-leading the 2nd line credit risk management of Commercial & Industrial (C&I) portfolio. Portfolio includes various specialties, including large shared national credits, leveraged lending, ABL lending, Franchise lending, Security Alarm Lending, Solar lending and other. This role ensures sound credit decisions are made in alignment with the banks risk appetite, regulatory requirements, and strategic objectives. The officer will work closely with Deputy Chief Credit Officer and the leadership of the business line to decision Commercial Middle market deals ranging in deal size from $3MM to 50MM, and participations in deals up to $500MM.

Key Responsibilities:

Credit Approvals

  • Evaluate and approve middle market C&I loans within delegated authority and participate in the Credit Committee.
  • Evaluate and approve risk ratings, annual reviews and covenant waivers within C&I loan portfolio.
  • Participate in the pre-deal process, recommending appropriate loan structures, covenants, and risk mitigants, including participation rights and intercreditor arrangements.
  • Ensure compliance with internal policies and regulatory guidelines.
  • Mentor and guide junior credit officers and underwriters.
  • Collaborate with business line managers to support business development while maintaining credit quality.
  • Contribute to various Corporate credit projects including acquired portfolio due diligence.
  • Monitor the performance of the C&I loan portfolio, including conducting periodic portfolio reviews.
  • Contribute to policy, RAC and procedure development.
  • Maintain up-to-date knowledge of market conditions, industry developments, and regulatory changes.
  • Contribute to market research and new specialty development
  • Support audits and regulatory examinations.

Qualifications:

  • Broad knowledge of commercial lending, credit underwriting and risk management functions.
  • Minimum 10 years of experience in commercial credit underwriting / portfolio management, with a focus on C&I lending.
  • Minimum 5 years of commercial loan decisioning, in a 1st or 2nd line functional role.
  • Demonstrated expertise in middle market C&I lending including shared national credit markets and leveraged lending.
  • Working knowledge of banking regulations.
  • Excellent communication, negotiation, and mentoring skills.

Preferred Skills:

  • Familiarity with loan participation structures and rights.
  • Prior workout experience is a plus but not required.
  • Exposure to some specialized lending is a plus (ABL, Security Alarm, Franchise lending ecs).

Seniority level

  • Seniority level

    Mid-Senior level

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Finance and General Business
  • Industries

    Banking and Financial Services

Referrals increase your chances of interviewing at Eastern Bank by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Paid paternity leave

Tuition assistance

Paid maternity leave

Child care support

Pension plan

Disability insurance

Get notified when a new job is posted.

Sign in to set job alerts for Credit Officer roles.

Boston, MA $55,000.00-$60,000.00 1 month ago

Boston, MA $130,000.00-$160,000.00 1 day ago

Boston, MA $105,400.00-$124,000.00 1 day ago

Senior Credit Officer/Credit Officer Asset Based Finance

Boston, MA $98,345.00-$115,700.00 18 hours ago

Boston, MA $120,000.00-$130,000.00 2 weeks ago

Investment Banking Analyst, Technology - Boston / New York City

Boston, MA $82,000.00-$135,000.00 2 weeks ago

Boston, MA $109,100.00-$200,000.00 2 weeks ago

Investment Analyst, application via RippleMatch (Boston)

Boston, MA $100,000.00-$120,000.00 2 weeks ago

Boston, MA $50,000.00-$65,000.00 4 weeks ago

Boston, MA $115,000.00-$145,000.00 6 days ago

Boston, MA $60,000.00-$70,000.00 6 months ago

Boston, MA $70,000.00-$105,000.00 13 hours ago

Financial Analyst I (Braintree Regional Office, or Lowell Regional Office)

Investment Analyst Intern, application via RippleMatch

Newton, MA $51,000.00-$70,000.00 2 weeks ago

Were unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

#J-18808-Ljbffr

Job Tags

Full time, Work at office,

Similar Jobs

MidWaretech

Helpdesk Support Level1 (Remote) Job at MidWaretech

About the job Helpdesk Support Level1 (Remote)About Company (Work from home Position)Empowering Digital Transformation through Social Media & IT ServicesWith over 20 years of experience in managing customer services across inbound and outbound segments, specifically... 

Main Line Health

Cloud Architect Job at Main Line Health

 ...Cloud Architect Could you be Main Line Health's first Cloud Architect in Radnor, PA? Why work as a Cloud Architect with Main Line Health...  ...Solutions Architect, Azure Solutions Architect Expert, or Google Professional Cloud Architect are required. Preferred certifications... 

Arcadia Home Care and Staffing - an Addus family company

Personal Care Aide Job at Arcadia Home Care and Staffing - an Addus family company

 ...67 - $24.00/hr Currently looking to hire aides for all shifts; daytime, evening,...  ...Arcadia Home Care & Staffing is hiring immediately for Personal Care Aides. This rewarding...  ...nations largest personal home care and customer service providers. As a client-focused,... 

DaVita

Medical Assistant/Phlebotomist, Post Transplant Health Job at DaVita

 ...effectively in emergency situations and to clearly communicate verbally. What We'll Provide: More than just pay, our DaVita Rewards package connects teammates to what matters most. Teammates are eligible to begin receiving benefits on the first day of the...