Senior Credit Officer - Eastern Bank : Job Details

Senior C&I Credit Officer

Overview

The Senior C&I Credit Officer is responsible for co-leading the 2nd line credit risk management of the Commercial & Industrial (C&I) portfolio. The portfolio includes specialties such as large shared national credits, leveraged lending, ABL lending, Franchise lending, Security Alarm Lending, Solar lending, and other areas. This role ensures sound credit decisions are made in alignment with the bank's risk appetite, regulatory requirements, and strategic objectives. The officer will work closely with the Deputy Chief Credit Officer and business-line leadership to decision commercial middle-market deals ranging in deal size from $3MM to $50MM, and participations in deals up to $500MM.

Key Responsibilities

• Evaluate and approve middle-market C&I loans within delegated authority and participate in the Credit Committee.
• Evaluate and approve risk ratings, annual reviews, and covenant waivers within the C&I loan portfolio.
• Participate in the pre-deal process, recommending appropriate loan structures, covenants, and risk mitigants, including participation rights and intercreditor arrangements.
• Ensure compliance with internal policies and regulatory guidelines.

Leadership & Collaboration

• Mentor and guide junior credit officers and underwriters.
• Collaborate with business-line managers to support business development while maintaining credit quality.
• Contribute to various corporate credit projects including acquired portfolio due diligence.

Risk Management & Reporting

• Monitor the performance of the C&I loan portfolio, including conducting periodic portfolio reviews.
• Contribute to policy, RAC, and procedure development.
• Maintain up-to-date knowledge of market conditions, industry developments, and regulatory changes.
• Contribute to market research and new specialty development.
• Support audits and regulatory examinations.

Qualifications

• Broad knowledge of commercial lending, credit underwriting, and risk management functions.
• Minimum 10 years of experience in commercial credit underwriting/portfolio management, with a focus on C&I lending.
• Minimum 5 years of commercial loan decisioning in a 1st or 2nd line functional role.
• Demonstrated expertise in middle-market C&I lending including shared national credits and leveraged lending.
• Working knowledge of banking regulations.
• Excellent communication, negotiation, and mentoring skills.
• Bachelor's degree.

Preferred Skills

• Familiarity with loan participation structures and rights.
• Prior workout experience is a plus but not required.
• Exposure to some specialized lending is a plus (ABL, Security Alarm, Franchise lending, etc.).

About Us

At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. We offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation, and tuition reimbursement.

Eastern Bank is an equal opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability.

We are dedicated to building a diverse, equitable, inclusive, and authentic workplace. If you're excited about this role but your experience doesn't fully align with every qualification, we still encourage you to apply. You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Sales

Industries

Banking