Small Business Underwriter

Position Summary

Cambridge Savings Bank seeks a motivated and detail-oriented Small Business Underwriter to join the Small Business team. The role evaluates and underwrites Small Business credit requests while balancing sound risk management practices.

• Underwrite 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 balance customer needs and risk mitigation.
• Utilize 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 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.

• 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.
• 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 preferred but not required.

Location: Hybrid/Waltham, MA

Salary Range: $26.44 - $36.05/hr

Benefits: Comprehensive and inclusive employee benefits, 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.

Cambridge Savings Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.