Credit Risk Review Specialist I

Hiring Range

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.

Benefits

Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.

Responsibilities

• Cover 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.

Qualifications

• 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.
• Solid oral and written communication skills.
• The ability to work independently.
• 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.