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Credit Manager Jobs in Worcester, MA (NOW HIRING)

Savers Bank

Commercial Credit Officer

Southbridge, MA · On-site

The Commercial Credit Officer plays a pivotal role in supporting the Bank's commercial lending by ... Stakeholder Communication & Relationship Management * Ensure effective communication and timely ...

Savers Bank

Commercial Credit Officer

Southbridge, MA · On-site

The Commercial Credit Officer plays a pivotal role in supporting the Bank's commercial lending by ... Stakeholder Communication & Relationship Management * Ensure effective communication and timely ...

Savers Bank

Commercial Credit Officer

Southbridge, MA · On-site

$74K - $118K/yr

The Commercial Credit Officer plays a pivotal role in supporting the Bank's commercial lending by ... Stakeholder Communication & Relationship Management * Ensure effective communication and timely ...

Farm Credit East

Credit Analyst Associate

Dayville, CT · Hybrid

$55K - $80K/yr

This will be reviewed based on manager discretion. Compensation and Benefits: * Salary: $55,000 ... Credit East is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not ...

Talently

Senior Credit Analyst

Franklin, MA · On-site

$90K - $100K/yr

Lead, coach and manage credit analysts; assign work, review deliverables, address performance and ensure accuracy and quality of analyses. * Review, analyze and process commercial, commercial real ...

MRINetwork Jobs

Senior Credit Analyst

Franklin, MA · On-site

Management Recruiters International Inc. (MRINetwork) is one of the world's largest executive ... The Senior Credit Analyst reviews and performs quality analyses for commercial loans to prospective ...

Dean Bank

Senior Credit Analyst

Franklin, MA · On-site

$90 - $130/hr

The Senior Credit Analyst will manage credit analysts, which includes assigning tasks, reviewing reports, determining risks and rewards, compiling data, and organizing presentations to the Lending ...

MRINetwork Jobs

Senior Credit Analyst

Franklin, MA · On-site

Management Recruiters International Inc. (MRINetwork) is one of the world's largest executive ... The Senior Credit Analyst reviews and performs quality analyses for commercial loans to prospective ...

MRINetwork Jobs

Senior Credit Analyst

Franklin, MA · On-site

Management Recruiters International Inc. (MRINetwork) is one of the world's largest executive ... The Senior Credit Analyst reviews and performs quality analyses for commercial loans to prospective ...

MRINetwork Jobs

Senior Credit Analyst

Franklin, MA · On-site

Management Recruiters International Inc. (MRINetwork) is one of the world's largest executive ... The Senior Credit Analyst reviews and performs quality analyses for commercial loans to prospective ...

MRINetwork Jobs

Senior Credit Analyst

Franklin, MA · On-site

Management Recruiters International Inc. (MRINetwork) is one of the world's largest executive ... The Senior Credit Analyst reviews and performs quality analyses for commercial loans to prospective ...

Robert Half

Senior Credit Analyst

Franklin, MA · On-site

This position also offers the opportunity to work closely with relationship managers and credit partners, while providing guidance to less experienced analysts. Responsibilities: * Assess commercial ...

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All JobsCredit JobsCredit Manager JobsCredit Manager Jobs in Worcester, MA

Credit Manager information

See Worcester, MA salary details

$25.5K

$67.7K

$129K

How much do credit manager jobs pay per year?

As of Aug 30, 2026, the average yearly pay for credit manager in Worcester, MA is $67,665.00, according to ZipRecruiter salary data. Most workers in this role earn between $36,000.00 and $92,500.00 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

What are the most commonly searched types of Credit jobs in Worcester, MA?

The most popular types of Credit jobs in Worcester, MA are:

What job categories do people searching Credit Manager jobs in Worcester, MA look for?

The top searched job categories for Credit Manager jobs in Worcester, MA are:

What cities near Worcester, MA are hiring for Credit Manager jobs?

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

Credit Manager jobs near you
Infographic showing various Credit Manager job openings in Worcester, MA as of August 2026, with employment types broken down into 84% Full Time, 13% Part Time, and 3% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $67,665 per year, or $32.5 per hour.

Commercial Credit Officer

Southbridge, MA • On-site

Savers Bank
Commercial Banking • 51 - 200 employees
Learn more about Savers Bankexternal

Other

Re-posted 14 days ago

Job description

Job Type
Full-time
Description
Please note: This position is based in Southbridge, MA and requires daily on-site attendance. Applicants should be prepared to work in person at our Operations Center.
POSITION FUNCTION:
The Commercial Credit Officer plays a pivotal role in supporting the Bank's commercial lending by assessing and mitigating the risk associated with loan transactions. This role is responsible for conducting a thorough analysis of individual commercial credit applications and associated annual reviews. Producing reports to meet department, institution and regulatory requirements and maintain a shared global knowledge of the loan portfolio
KEY RESPONSIBILITIES:
Analysis

  • Critical analysis of financial information provided by borrowers and guarantors to determine sources and uses of assets and risk profile.
  • Reconciling borrower financial data to appropriate industry standards.
  • Review of external reports to ascertain current or future concerns.
Transaction Coordination & Lifecycle Support
  • Work in conjunction with the Credit Administrator to maintain the flow of a commercial transaction from initiation to closing, proactively addressing potential delays.
  • Assist with coordination of Credit Committee.
Stakeholder Communication & Relationship Management
  • Ensure effective communication and timely updates with internal and external stakeholders involved in the commercial transaction.
  • Work in conjunction with other departments to assist in resolving commercial customer needs such as overdraft protection, new accounts and servicing questions.
Reporting & Data Integrity
  • Support institutional and regulatory reporting through the collection, verification, and maintenance of loan-related data.
  • Preparation of internal reports, board summaries, and data tracking initiatives related to commercial loan portfolios.
  • Maintain organized loan files and ensure timely updates to customer and loan records.
  • Create and maintain processes and procedures as it relates to Commercial Lending
Operational Support & Problem Solving
  • Support process to create and execute legal and credit documentation.
  • Assist with management of software subscriptions that support department functions. May be responsible for vendor management on select commercial credit vendors
  • May act as back-up to the Commercial Credit Manager and may work with other departments or customers to assist with workouts
Other
  • Actively participate in the Bank's community involvement initiatives, supporting CRA-related activities and representing the Bank in service opportunities that align with its mission of local impact.
  • Assist with providing oversight to junior and credit analysts.
  • Other duties as assigned.

DISCLAIMER
Savers Bank is an equal opportunity employer and does not discriminate against any employee or applicant for employment based on race, color, religion, national origin, age, gender, sex, ancestry, citizenship status, mental or physical disability, genetic information, sexual orientation, veteran status, or military status.
Requirements
SKILLS & QUALIFICATIONS
Education
Bachelor's Degree preferably in Finance, Accounting or Business Administration.
Relevant certifications or training in banking, commercial lending, or financial services are a plus.
Experience
Minimum of Five (5) years' experience in commercial lending or financial services support.
Familiarity with commercial loan documentation, external reports, compliance requirements (CRA, Reg B & HMDA), and regulatory reporting (e.g., HMDA, UCC filings).
Experience working with financial statement spreading systems and financial tracking tools; core system knowledge is advantageous.
Skills
Effective analytical skills that produce educated assessments and conclusions.
Strong organizational and time management abilities with a focus on meeting deadlines and maintaining accuracy.
Excellent written and verbal communication skills to present a complete analysis.
Problem-solving mindset with the ability to adapt to changing priorities and resolve transaction issues efficiently.
Proficiency in Microsoft Office Suite (Word, Excel, Outlook); ability to learn and utilize bank-specific systems and software.
PHYSICAL DEMANDS:
Ability to sit, walk, and move throughout the office or branch location as needed to perform job duties.
Manual dexterity to operate a computer, office equipment, and handle physical materials such as documents or supply boxes.
Effective verbal communication and listening skills to interact with customers and team members.
Salary Description
Exempt

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