POSITION: RESTRUCTURING MANAGER

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 and inclusion. The Restructuring Manager will optimize earnings as it relates to performing and delinquent C&I and CRE loans. Keep performing loans current by extending, restructuring and modifying terms. For delinquent loans capable of being revived, work with the Borrower to develop a strategy to get the loan performing through modification and/or restructuring. For loans that cannot be resurrected, pursue legal remedies including collateral liquidation and collection on personal guaranties to minimize losses.

Key Result Areas:

• Work closely with Loan Officers and Portfolio Managers to prepare written credit analyses for loan requests.

• Identify industry trends and analyze borrower/prospect performance in order to develop an assessment of credit risks.

• Maintain the accuracy of the Bank's commercial loan rating system and correctly apply loan risk ratings based on the identified risks in the credit.

• Review commercial credit files for completeness and proper organization and work with Loan Officers and Portfolio Managers to make necessary corrections.

• Support other credit risk management activities, including those related to internal/external audits, loan reviews, and regulatory compliance matters.

• Monitor credit quality through the review of interim financial reporting, to provide early warning of possible deterioration in credit quality.

• Assist VP/Credit Manager with Credit Department reporting.

• Perform additional duties as required.

Qualifications:

• 4-year college degree, preferably in business, finance, or accounting, or minimum of 5 years of banking/financial services experience.

• 15 years' experience restructuring commercial loans.

• Able to concisely articulate ideas both verbally and in writing.

• Strong analytical skills.

• Knowledge of commercial lending operations and regulations preferred.

• Knowledge of Excel and Word, as well as ability to learn and adapt to internal bank systems.

• Ability to work both independently and in groups.

• Effective project and time management skills, with ability to multi-task.

The above description covers the most significant 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, Massachusetts

About Cambridge Savings Bank:

Cambridge Savings Bank is a full-service banking institution with over $6 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.

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.

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