This is a Hybrid Role : 2-3 Days a week in our Boston Office
Hiring Range: $24.56 - $39.48
The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.
Eastern Bank is offering a unique opportunity to the right individuals to begin a career in commercial banking by joining Eastern’s formal credit training program. The average time spent in the credit training program is two to three years. The program will involve assignment rotations through various lending groups including Commercial Real Estate, Middle Market Lending, and the Managed Assets Group to provide analysis support and work directly on lending opportunities. After the successful completion of the program the Credit Analyst should ultimately progress into the following long term career paths in various departments across the bank:
- Portfolio Manager and /or Relationship Manager in Commercial Real Estate and Middle Market Lending Teams
- Business Banker or Underwriter in the Business Banking Division
- Managed Assets Portfolio Manager and/or Relationship Manager
- Other role within Corporate Credit
The Credit Department provides analytical support to various teams within the Commercial Banking Division. The successful candidate will learn financial statement and other credit related analysis by working on the preparation of credit memoranda in conjunction with the credit approval and review process.
- The Credit Analyst position is both an educational and production position. It has a hybrid structure with both work from home and in office interaction.
- Primary job responsibilities include spreading financial statements utilizing internal financial analysis software and creating independent credit analysis of commercial loan requests of increasing complexity.
- In addition to commercial loan analysis, this position analyzes risks associated with Automated Clearing House transactions and the Bank’s vendors.
- Credit analysts have the opportunity to sit in on Credit Committee meetings with members of Sr Management and prepare meeting minutes.
- Other past projects have included analysis of new borrowers during a bank acquisition and research contributing to loan loss reserve methodology.
Qualifications
- The position requires a bachelor’s degree with concentrations in Finance, Accounting or Economics.
- Requires a detailed working understanding of accounting.
- Excellent organizational and writing skills required.
- Proficiency with Microsoft Office suite and internet research engines required.
- The successful candidate must possess outstanding critical thinking, presentation, and communication skills.
- 1-2 years of experience in various financial fields is a plus.
Skills Required
- Bachelor's degree with a concentration in Finance, Accounting, or Economics
- Detailed working understanding of accounting
- Excellent organizational and writing skills
- Proficiency with Microsoft Office Suite and internet research engines
- Outstanding presentation and communication skills
- 1-2 years of experience in various financial fields
Eastern Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Eastern Bank and has not been reviewed or approved by Eastern Bank.
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Retirement Support — A defined‑benefit pension layered with a 401(k) and ESOP/cash‑balance elements creates uncommon depth for long‑term wealth building. This retirement stack differentiates the total package versus many regional banks.
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Equity Value & Accessibility — An employee stock ownership plan adds equity participation alongside core pay and benefits. IPO‑related share allocation underscores the program’s role in total rewards.
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Inclusive Benefits Coverage — Long‑standing LGBTQ+ support and sustained recognition for equality practices indicate benefits parity such as equal partner coverage. Employee networks and an inclusion focus are positioned as integral to the overall benefits experience.
Eastern Bank Insights
What We Do
Founded in 1818, Boston-based Eastern Bank is Greater Boston’s leading local bank and the largest bank-owned independent investment advisor in Massachusetts with approximately 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management and Private Banking divisions, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Member FDIC, Equal Housing Lender Investments are not FDIC Insured • May Lose Value • Not Bank Guaranteed • Not a Deposit • Not Insured By Any Government Agency
