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Credit Manager Jobs in Springfield, MA (NOW HIRING)

Nutrien

Crop Consultant

South Deerfield, MA · On-site

$52K - $90K/yr

Provide necessary information to Credit Manager in order to choose credit limits * Collect outstanding accounts receivables from customers * Perform other duties as assigned What You'll Bring:

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Credit Manager information

See Springfield, MA salary details

$25.4K

$67.4K

$128.5K

How much do credit manager jobs pay per year?

As of Sep 5, 2026, the average yearly pay for credit manager in Springfield, MA is $67,422.00, according to ZipRecruiter salary data. Most workers in this role earn between $35,900.00 and $92,200.00 per year, depending on experience, location, and employer.

What does a credit manager do?

A credit manager works in the banking industry or for a lending organization. Their job responsibilities include underwriting or evaluating requests for credit using credit scores, projected profits and losses, and risk factors. People in credit management are responsible for accepting or rejecting loan applications based on these criteria and have the authority to oversee the company’s lending process. The job duties of a credit manager also include creating models to assess creditworthiness, as their ultimate goal is to reduce loss and increase profits from lending. Alternatively, a credit manager can work for a seller, typically a business-to-business or B2B organization, granting trade credit to buyers. Credit managers are responsible for creating models or criteria to assess the creditworthiness of buyers, creating discount or incentive programs for early payment, and managing the credit department of the company. They may also be responsible for credit accounting and collections. Career qualifications include a bachelor’s degree in accounting, business, or a related field.

What does a credit manager do?

A Credit Manager is responsible for overseeing a company's credit policies, assessing the creditworthiness of potential customers, and managing the process of granting credit and collecting payments. They analyze financial data, set credit limits, and help minimize financial risk to the organization. Credit Managers also work closely with sales and accounting teams to ensure that credit terms are followed and that outstanding debts are collected efficiently.

What are some typical challenges credit managers face when assessing credit risk, and how can these be addressed?

Credit Managers often face the challenge of gathering sufficient and reliable financial data to accurately assess the creditworthiness of clients, especially with new or small businesses. Balancing the need for thorough risk analysis with maintaining positive customer relationships is also crucial. To address these challenges, Credit Managers use robust credit scoring systems, maintain clear communication with clients, and stay updated on industry trends to refine their risk assessment strategies. Collaboration with sales and finance teams is essential to align credit policies with organizational goals while minimizing exposure to bad debt.

What is the difference between Credit Manager vs Credit Analyst?

AspectCredit ManagerCredit Analyst
CredentialsBachelor's degree; often certifications like CAM, CCRABachelor's degree; often certifications like CAM, CCRA
Work EnvironmentOversees credit policies, manages teams, interacts with senior managementAnalyzes credit data, assesses risk, prepares reports
Employer & IndustryFinancial institutions, corporations, credit agenciesFinancial institutions, credit bureaus, lending companies

The Credit Manager focuses on overseeing credit policies, managing credit teams, and making high-level credit decisions. In contrast, the Credit Analyst primarily analyzes credit data, assesses risk, and prepares reports to support credit decisions. Both roles require similar credentials and often work within the same industries, but their responsibilities differ in scope and focus.

Is credit management a good career?

Credit management is a stable career that involves assessing creditworthiness, managing credit risk, and ensuring timely collections. It often requires strong analytical skills, knowledge of financial regulations, and proficiency with credit management software. The role can offer advancement opportunities and a steady income in various industries such as banking, finance, and retail.

What is the work of a credit manager?

A credit manager oversees a company's credit policies, evaluates the creditworthiness of clients, and approves or denies credit applications. They analyze financial data, manage credit risk, and ensure timely collection of payments, often using credit management software. Strong analytical skills and knowledge of financial regulations are essential for this role.
More about Credit Manager jobs

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For Credit Manager jobs in Springfield, MA, the most frequently searched job titles are:

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Cities near Springfield, MA with the most Credit Manager job openings:

Credit Manager jobs near you

Senior Commercial Credit Analyst

New Valley Bank & Trust

Springfield, MA • On-site

$73K - $128K/yr

Full-time

Posted 15 days ago

Key responsibilities

  • Perform detailed credit analysis for new credit approvals and renewals, including risk rating and independent recommendations.

  • Collaborate with Lenders and Portfolio Managers to complete underwriting assignments and tasks.

  • Utilize Abrigo Sageworks to create financial summaries, credit presentations, and maintain the Bank's customer and financial database.

Job description

JOB SUMMARY
New Valley is seeking a talented and ambitious professional willing and able to contribute to the success of the Bank. Under the direction of the Credit Officer, the Senior Credit Analyst will work collaboratively and independently to support the loan origination and portfolio review initiatives of the Lending Department. Qualified candidates will have a proven ability to evaluate and determine the credit risks of commercial clients through detailed financial statement analysis, industry assessment, collateral valuation, cash flow analysis and the ability to repay annual debt service, while providing insight and assessments as to the credit worthiness of Borrowers. The position is a hybrid role, with scheduled remote work days allowed after the initial 90 days of employment.
ESSENTIAL FUNCTIONS
  • The role expectations require an independent and seasoned commercial credit analyst with several years of experience in credit underwriting and analysis, for both CRE and C&I customers. The candidate should be able to produce credit reviews and presentations for new and existing Customers with minimal training and guidance, while meeting deadlines for completion.
  • Perform detailed and insightful credit analysis for use in the lending decision of new credit approvals and renewals, while assigning a risk rating and providing an independent recommendation to officers.
  • Work with Lenders and Portfolio Managers to complete underwriting assignments and tasks.
  • Utilize Abrigo Sageworks to create financial summaries, credit presentations, and other reports, while accurately maintaining the Bank's customer and financial database.
  • Maintain reports and tracking metrics for the Bank Portfolio and Borrowers, as needed.
  • Monitors policy compliance by verifying adherence to the Commercial Credit policies
  • Provide mentorship and guidance for junior analysts and other team members.
  • Adheres to applicable compliance/operational risk controls in accordance with regulatory standards and policies
  • Maintains New Valley control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Completes other related duties as assigned including customer onboarding and systems related maintenance.

New Valley Bank and Trust employees must follow all policies and procedures related to their position and any laws, rules or compliance regulations that apply in the accomplishment of their assigned duties, while also using good judgment and ethical standards.
QUALIFICATIONS
Education
  • Minimum of 3 years' experience in commercial credit or public accounting, preferred
  • Bachelor's degree in Accounting, Finance, Business, or related field preferred

Skills and Experience
  • Commercial Underwriting Expertise and knowledge
  • Working knowledge of related Underwriting software programs
  • Strong analytical skills with high attention to detail and accuracy
  • Excellent organizational, verbal and written communication, and computer skills

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