Small Business Underwriter

POSITION: Small Business Underwriter

Position Summary:

At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity. 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.

The Small Business Underwriter will analyze financial information, assess credit risk, prepare credit recommendations, and partner closely with Relationship Managers and other internal stakeholders to support the growth of the Bank's Small Business lending portfolio. This role reports to the Head of Small Business Credit Products.

Key Result Areas:

* Underwrite and analyze Small Business loan requests including:

o Term loans

o Lines of credit

o SBA Loans

o Equipment financing

o Commercial Real estate loans

* Review and analyze:

o Business and personal tax returns

o Financial statements

o Cash flow and debt service coverage

o Collateral and guarantor support

o 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.

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.

Location: Hybrid/Waltham, MA Salary Range: $26.44 - $36.05/hr

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. In addition, 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.

Visa Sponsorship: Cambridge Savings Bank is unable to sponsor or take over sponsorship of an employment visa for this role at this time.

About Cambridge Savings Bank:

Cambridge Savings Bank is a full-service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. To learn more about how we can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370.