Small Business Underwriter

About the role

Cambridge Savings Bank is seeking a motivated and detail-oriented Small Business Underwriter to join the Small Business team. This role is responsible for evaluating and underwriting Small Business credit requests while balancing sound risk management practices.

Responsibilities

• Evaluate and analyze Small Business loan requests including: Term loans, Lines of credit, SBA Loans, Equipment financing, Commercial Real estate loans
• Review and analyze: Business and personal tax returns, Financial statements, Cash flow and debt service coverage, Collateral and guarantor support, Industry and market risks
• Prepare clear and concise credit memorandums summarizing borrower strengths, key risks, repayment analysis, and structure recommendations
• Assess credit quality in accordance with Bank credit policy, regulatory guidance, and prudent lending standards
• Partner with Relationship Managers and branch personnel to structure transactions that appropriately balance customer needs and risk mitigation
• Utilize various systems (such as nCino, Salesforce, etc.) to manage loan underwriting workflows and documentation
• Support portfolio management activities including annual reviews, covenant monitoring, and ongoing risk assessment
• Maintain strong knowledge of commercial lending products, financial analysis techniques, and SBA lending guidelines
• Communicate effectively with internal partners including Credit Administration, Loan Servicing, Compliance, and Senior Management
• Perform additional duties as required

Qualifications

• Bachelor’s degree in Finance, Accounting, Business, Economics, or related field preferred
• 0–5 years of experience in small business or commercial credit analysis, business banking, underwriting, or related financial services experience
• Understanding of financial statement analysis and business cash flow concepts preferred
• Strong analytical, organizational, and problem-solving skills
• Excellent written and verbal communication abilities
• Ability to manage multiple priorities in a fast-paced environment
• Proficiency in Microsoft Excel and other Microsoft Office applications
• Experience with nCino or other business lending systems is a plus
• Familiarity with SBA lending programs is preferred but not required

Benefits

The above description covers the most significant major responsibilities but does not exclude other occasional responsibilities and accountabilities, the inclusion of which would be in conformity with the major purpose of this job.

Pay

The reasonably estimated salary for this role at Cambridge Savings Bank ranges from $26.44 - $36.05/hr. Cambridge Saving Bank will determine actual compensation for the role based on factors including, but not limited to, the successful candidate’s skills, qualifications, and experience.

Schedule

Hybrid/Waltham, MA

Benefits

Cambridge Savings Bank offers a wide range of comprehensive and inclusive employee benefits for full-time roles including healthcare, parental planning, mental health benefits, performance bonus opportunities, a 401(k) plan and match, flexible time off, and others.

Location

Waltham, MA