Hiring Range: $85,665 - $140,736
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.
Independent Credit Risk Review, Credit Risk Rating Validation, Transaction Level Credit Analysis, Portfolio & Concentration Risk, CECL / ACL Support & Data Validation, Regulatory Exam Readiness, Issue Identification, Escalation & Follow Up.
The job’s mission is to provide the Bank with an independent mechanism to assist in early detection of loan problems, ensure accurate loan ratings, monitor compliance with policies, procedures and regulations, and assess portfolio administration of Relationship Managers and Portfolio Managers.
- Conduct risk-based reviews of Commercial loan exposures within assigned portfolios. Evaluate underwriting quality, risk rating accuracy, portfolio monitoring, documentation completeness, collateral valuation, and problem loan identification.
- Identify potential underwriting and risk rating issues and provide observations. Escalate concerns to senior reviewers or team leadership for guidance and resolution.
- Engage collaboratively with Lending, Credit, and Portfolio Management. Incorporate Line of Business input where appropriate without compromising final judgments.
- Maintain broad knowledge of Bank credit policies and procedures to measure appropriate adherence during loan reviews. Stay well informed on credit products, industry trends and regulatory changes.
- Provide concise analysis of each reviewed borrower, including an independent assessment of repayment capacity, covenant adherence, legal documentation, and industry risk.
- Compile data collected during review and synthesized the findings.
- Support departmental projects and initiatives aimed at improving credit review processes and risk management practices.
PROBLEM SOLVING & DECISION MAKING: The VP / Credit Risk Review Specialist I performs assigned reviews with guidance from senior team members. Key observations, potential concerns, and review results are shared with the Team Leader and Director of Credit Risk Review.
Education and Experience
Bachelor’s degree or equivalent, 3-5 years of experience in credit analysis, commercial lending, or a related field. Commercial lending, regulatory examination, workout, and/or portfolio management experience are beneficial to this role.
Skills/Knowledge
Foundational understanding of commercial lending and underwriting principles, understanding of commercial legal documentation, solid oral and written communication skills, and the ability to work independently are critical. Demonstrated proficiency in all aspects of the lending process. Excellent analytical, interpersonal and problem-solving skills. Experience with x-cell and Microsoft tools.
Working Conditions
This is a hybrid role with approximately 20% in-office expected in Wakefield, MA
About UsSkills Required
- Bachelor's degree or equivalent
- 3-5 years experience in credit analysis, commercial lending, or related field
- Commercial lending, regulatory examination, workout, and/or portfolio management experience
- Foundational understanding of commercial lending and underwriting principles
- Understanding of commercial legal documentation
- Proficiency with Microsoft Excel and Microsoft Office tools
- Solid oral and written communication skills
- Ability to work independently
- Excellent analytical, interpersonal, and problem-solving skills
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
