Credit Risk Review Specialist I

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.

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.

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.

This is a hybrid role with approximately 20% in-office expected in Wakefield, MA