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Credit Risk Analyst Jobs in Chelmsford, MA (NOW HIRING)

Loomis Sayles

Credit Research Associate

Boston, MA · On-site

$70K - $100K/yr

Credit recommendations combine rigorous bottom-up fundamental analysis, structural risk assessment, and relative value-based insights. Credit research analysts are integrated into sector teams that ...

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All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Chelmsford, MA

Credit Risk Analyst information

See Chelmsford, MA salary details

$38.4K

$118.3K

$205.2K

How much do credit risk analyst jobs pay per year?

As of Aug 29, 2026, the average yearly pay for credit risk analyst in Chelmsford, MA is $118,324.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,700.00 and $146,000.00 per year, depending on experience, location, and employer.

What does a credit risk analyst do?

A Credit Risk Analyst assesses the creditworthiness of individuals or organizations by analyzing financial data, credit reports, and economic conditions. Their main goal is to determine the likelihood that a borrower will default on their financial obligations. They use statistical models, risk assessment tools, and industry knowledge to evaluate risk and help lenders make informed lending decisions. Credit Risk Analysts often prepare reports, recommend risk mitigation strategies, and monitor existing credit portfolios for potential risks.

What does a credit risk analyst do?

A credit risk analyst evaluates the creditworthiness of individuals or businesses seeking loans or credit cards. As a credit risk analyst, you must be systematic and thorough in examining each applicant’s financial information to provide a recommendation of whether or not your employer should grant credit to the applicant. Essentially, you are evaluating the risk to reward ratio of each loan applicant. Your job duties include the analysis of credit scores and credit reports, payment history, bank statements, and other financial statements. Depending on the scope of your job, you may collect this information directly from clients and inform them if the institution can approve or deny their credit or loan application.

What are the key skills and qualifications needed to thrive as a credit risk analyst, and why are they important?

To thrive as a Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial principles, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and financial modeling systems is often required, along with relevant certifications like FRM or CFA being advantageous. Attention to detail, effective communication, and sound judgment are essential soft skills for presenting findings and collaborating with stakeholders. These competencies are crucial for accurately assessing creditworthiness, minimizing financial risk, and supporting informed lending decisions.

What are some common challenges faced by credit risk analysts when assessing new clients or loan applications?

Credit Risk Analysts often encounter challenges such as limited financial data, rapidly changing market conditions, and the need to balance risk with business growth objectives. They must carefully analyze incomplete or inconsistent client information while ensuring compliance with regulatory requirements. Collaborating with relationship managers and other departments is essential to gather additional insights and make informed recommendations, making strong communication and analytical skills crucial in overcoming these challenges.

What is the difference between Credit Risk Analyst vs Credit Analyst?

AspectCredit Risk AnalystCredit Analyst
Primary FocusAssessing the risk of default on loans and credit productsEvaluating creditworthiness of individual or business applicants
Required CredentialsTypically a degree in finance, economics, or related field; certifications like CFA or credit-specific coursesSimilar credentials; often the same certifications or degrees
Work EnvironmentFinancial institutions, risk management departmentsBanks, lending institutions, credit departments
Industry UsageCommonly used in risk assessment and managementPrimarily in lending and credit evaluation

While both roles involve evaluating credit, a Credit Risk Analyst focuses on assessing the overall risk associated with credit portfolios, whereas a Credit Analyst evaluates individual credit applications. The roles often overlap in credentials and work environment, but their specific focus differs within the credit industry.

How much does a credit risk analyst earn?

The average salary for a credit risk analyst typically ranges from $60,000 to $90,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications can earn higher salaries and bonuses.

Is a credit risk analyst entry level?

A credit risk analyst can be an entry-level position, often requiring a bachelor's degree in finance, economics, or related fields. Some roles may require prior internship experience or familiarity with financial analysis tools, but many companies offer training for new graduates. Advancement typically depends on experience, skills, and certifications such as the CFA or credit analysis courses.

What is the average salary of a Credit Risk Analyst?

The average salary of a Credit Risk Analyst typically ranges from $60,000 to $85,000 per year, depending on experience, location, and industry. Professionals in this role often require strong analytical skills and knowledge of financial modeling tools.
More about Credit Risk Analyst jobs

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What job categories do people searching Credit Risk Analyst jobs in Chelmsford, MA look for?

The top searched job categories for Credit Risk Analyst jobs in Chelmsford, MA are:

What cities near Chelmsford, MA are hiring for Credit Risk Analyst jobs?

Cities near Chelmsford, MA with the most Credit Risk Analyst job openings:

Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Chelmsford, MA as of August 2026, with employment types broken down into 85% Full Time, 13% Part Time, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $118,324 per year, or $56.9 per hour.

Commercial Services - Senior Commercial Credit Analyst

Metro Credit Union

Chelsea, MA • On-site

$130K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 6 days ago

Job description

Senior Commercial Credit Analyst

We're looking for a Senior Commercial Credit Analyst to support the evaluation and underwriting complex commercial loan requests. This role partners closely with lenders and leadership to assess risk, structure deals, and support portfolio performance. You'll play a key role in high-impact credit decisions while also mentoring junior team members and contributing to a collaborative, high-performing credit team.

Responsibilities
  • Analyze and underwrite complex commercial loan requests across C&I, construction, and commercial real estate portfolios
  • Review financial statements, tax returns, cash flow, collateral, and industry trends to assess overall credit risk
  • Partner with lenders to develop clear, well-supported loan presentations and recommendations
  • Conduct annual reviews, renewals, modifications, and risk rating assessments for existing credit relationships
  • Identify potential risks and recommend appropriate credit structures and mitigating strategies
  • Collaborate with internal stakeholders and third-party partners (e.g., appraisers, environmental professionals) as part of the due diligence process
  • Participate in borrower meetings alongside Relationship Managers to gain insight into business operations and management teams
  • Provide guidance and mentorship to junior analysts, supporting development and consistency across the team
Requirements
  • Bachelor's degree or equivalent combination of education and experience
  • 4+ years of commercial credit or lending experience
  • Strong experience analyzing C&I, construction, and commercial real estate transactions
  • Excellent analytical, financial modeling, and research skills
  • Strong attention to detail with the ability to produce accurate, thorough work
  • Ability to manage multiple priorities, meet deadlines, and work independently
  • Strong written and verbal communication skills with the ability to clearly present complex analysis
  • Proficiency in Excel and familiarity with loan systems (Loan Vantage or similar preferred)
  • Ability to exercise sound judgement and make informed credit recommendations
  • High level of professionalism and ability to maintain confidentiality of sensitive information

Compensation Disclosure: $ 96,645 – $130,755

The salary range listed gives a general idea of what we expect to offer. We consider your experience, unique strengths, and the impact you're likely to make in the role. On top of that, we offer a competitive benefits package and other perks that round out the total compensation.

Why Join our team:

  • Comprehensive Benefits:
  • Health, Dental, and Vision coverage for employees working minimum of 20 hours/week; Metro provides assistance toward premiums and copays Sales Incentives; annual retention bonus vesting program
  • Three weeks paid vacation; 11 paid holidays
  • 401(k) with matching plan & safe harbor plan – allowing every employee to save for retirement. Metro contributes 3% regardless of employee's contribution
  • Wellness Incentives; Employee Assistance Program; Flexible Spending Account; Health Savings Account; Prescription Drug program and range of voluntary benefits (LTD, STD, AD&D); access to no-interest loans;
  • $150/Quarter reimbursements for wellness and lifestyle expenses
  • Discounts on Pet Insurance
  • Strong growth opportunities with development plans and position-related or job-related tuition assistance to help you attain your long-term career goals
  • Growing, dynamic environment - no day is ever the same and join an exceptional team of co-workers
  • Exceptional training program (classroom, on-the-job, and mentoring) Stable and growing organization

Metro Credit Union is the largest state-chartered credit union in Massachusetts, with $3.2 billion in assets. Metro provides a full range of financial products to more than 200,000 members in Barnstable, Bristol, Essex, Franklin, Hampden, Hampshire, Middlesex, Norfolk, Plymouth, Suffolk, and Worcester counties in Massachusetts, and Cheshire, Hillsborough, Merrimack, Rockingham, and Strafford counties in New Hampshire. Metro is the credit union of choice for employees at over 1,200 companies through its Metro@work program.

Founded in 1926, Metro currently operates branch offices in Boston, Burlington, Chelsea, Dorchester, Framingham, Lawrence, Lynn, Medford, Melrose, Newton, Peabody, Reading, Salem, Tewksbury, and West Roxbury. Metro is also a Juntos Avanzamos ("Together We Advance") designated credit union, an honor given to financial institutions for their commitment to serving and empowering Hispanic and immigrant consumers. Metro was recently named among the most charitable companies in Massachusetts by the Boston Business Journal; voted Top Credit Union in Banker & Tradesman's Best of 2025 awards; and recognized as one of America's Best Regional Banks and Credit Unions in 2025 by Newsweek. Learn more at MetroCU.org.

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