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Director Credit Risk Management Jobs in Needham, MA

Eastern Bank

Credit Risk Review Specialist I

Wakefield, MA · On-site

$85K - $140K/yr

Engage collaboratively with Lending, Credit, and Portfolio Management. Incorporate Line of Business ... Team Leader and Director of Credit Risk Review. Education and Experience Bachelor's degree or ...

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All JobsDirector Credit Risk Management JobsDirector Credit Risk Management Jobs in Needham, MA

Director Credit Risk Management information

See Needham, MA salary details

$58.8K

$156K

$283.2K

How much do director credit risk management jobs pay per year?

As of Jul 6, 2026, the average yearly pay for director credit risk management in Needham, MA is $155,980.00, according to ZipRecruiter salary data. Most workers in this role earn between $114,900.00 and $182,500.00 per year, depending on experience, location, and employer.

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

AspectDirector Credit Risk ManagementCredit Risk Analyst
Required CredentialsBachelor's degree, often advanced degrees, certifications like CFA or FRMBachelor's degree, certifications like CFA or FRM are common but less mandatory
Work EnvironmentStrategic leadership, overseeing teams, high-level decision makingData analysis, risk assessment, supporting senior staff
Employer & Industry UsageFinancial institutions, banks, large corporationsFinancial institutions, banks, credit agencies

The main difference between a Director Credit Risk Management and a Credit Risk Analyst lies in their scope and responsibilities. The director focuses on strategic oversight and leadership, while the analyst handles detailed risk assessments. Both roles require relevant certifications and are integral to credit risk management in financial institutions.

What are common challenges faced by a Director of Credit Risk Management, and how are they typically addressed?

A Director of Credit Risk Management often faces the challenge of balancing the organization's growth objectives with prudent risk controls. This involves staying ahead of changing market conditions, regulatory requirements, and emerging risks such as economic downturns or shifts in customer behavior. Effective leaders in this role address these challenges by fostering close collaboration with cross-functional teams such as underwriting, analytics, and compliance, and by implementing robust risk assessment frameworks. They also play a key role in developing and mentoring their teams to stay adaptable and informed.

What are the key skills and qualifications needed to thrive as a Director of Credit Risk Management, and why are they important?

To thrive as a Director of Credit Risk Management, you need deep expertise in credit analysis, risk assessment, portfolio management, and typically a degree in finance, economics, or a related field. Proficiency with risk modeling software, credit scoring systems, and relevant regulatory frameworks (such as Basel III) is essential, along with certifications like FRM or CFA being advantageous. Strong leadership, strategic thinking, and effective communication skills help you guide teams and influence key stakeholders. These capabilities are crucial for making informed decisions that protect the organization's financial health and support sustainable growth.

What does a Director of Credit Risk Management do?

A Director of Credit Risk Management oversees an organization’s credit risk policies, procedures, and strategies to minimize potential losses related to lending or credit activities. This role involves analyzing credit data, assessing financial risks, developing risk mitigation strategies, and ensuring compliance with regulatory standards. Directors also lead teams of risk analysts, collaborate with other departments, and report to executive leadership on credit risk exposure and performance. Their main goal is to balance business growth with sound risk management practices.
What are popular job titles related to Director Credit Risk Management jobs in Needham, MA? For Director Credit Risk Management jobs in Needham, MA, the most frequently searched job titles are:
What cities near Needham, MA are hiring for Director Credit Risk Management jobs? Cities near Needham, MA with the most Director Credit Risk Management job openings:
Director Credit Risk Management jobs near you
Infographic showing various Director Credit Risk Management job openings in Needham, MA as of June 2026, with employment types broken down into 1% Internship, 1% As Needed, 77% Full Time, 10% Part Time, 1% Temporary, and 10% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $155,980 per year, or $75 per hour.
Director, Credit Strategy & Accounts Receivable

Director, Credit Strategy & Accounts Receivable

Sager Electronics

Norwell, MA • On-site

$142K - $192K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 3 days ago

Job description

Sager Electronics is seeking a strategic and experienced Director, Credit Strategy & Accounts Receivable, to lead our credit risk and receivables functions. This role is responsible for designing and managing the company’s credit risk framework, optimizing cash flow, and supporting safe, profitable growth.

The Director will oversee credit assessment, lending limits, and portfolio strategies while leading all aspects of the Accounts Receivable function, including credit exposure, collections, and team management.

What You’ll Do:

Credit Risk Management & Strategy

  • Design, implement, and maintain corporate credit policies, risk appetite, and portfolio concentration limits
  • Communicate credit policies effectively to sales teams and stakeholders
  • Serve as senior escalation point for complex transactions and hold high-level credit approval authority
  • Evaluate customer creditworthiness and ensure appropriate credit limits and multipliers are in place
  • Monitor overall portfolio health, including financial trends, stress indicators, and risk exposure

Collections & Cash Flow Optimization

  • Lead end-to-end collections strategy to improve cash flow and minimize Days Sales Outstanding (DSO)
  • Provide leadership on collection actions, including escalation to legal remedies when appropriate
  • Oversee resolution of complex customer disputes and negotiate payment structures or amendments

Compliance & Governance

  • Ensure all credit and collection activities comply with applicable laws, regulations, and internal standards
  • Partner with internal audit, external auditors, and regulatory entities as needed
  • Deliver regular reporting on credit exposure, portfolio health, and risk metrics

Leadership & Cross-Functional Collaboration

  • Lead, develop, and manage the Credit and Accounts Receivable team
  • Drive employee engagement, performance management, and professional development
  • Partner with Sales, Finance, Legal, and Risk teams to align credit strategy with business goals
  • Support sales efforts through customer engagement, including visits to customers and branch locations
  • Provide leadership during ERP or system implementations related to credit and AR
  • Take on additional responsibilities as needed to support the organization

What You Bring:

Education

  • Bachelor’s degree in business, Accounting, Finance, or a related field (or equivalent experience)

Experience & Skills

  • Seven to ten years of experience in credit management, accounts receivable, or related functions
  • Prior leadership experience with direct team management
  • Strong understanding of credit risk principles, including exposure management, collections, and invoicing
  • Experience with ERP systems, including involvement in implementations or enhancements
  • Proven ability to lead AR operations and drive process improvements
  • Strong analytical skills with the ability to interpret financial and operational data such as DSO and bad debt trends
  • Excellent communication and stakeholder management skills
  • Demonstrated ability to collaborate across functions and build trusted partnerships
  • Effective problem-solving and decision-making skills, with the ability to act quickly when needed
  • Ability to support sales teams while balancing risk and customer relationships
  • Willingness to travel and maintain an in-office presence as required

Compensation:

Annual base salary range of $142,200 – $160,300, plus eligibility for a 20% discretionary annual bonus. Total target annual compensation ranges from $170,640 – $192,360.

Actual compensation may vary based on factors such as geographic location, experience, education, and skill level. Final base salary and bonus details will be confirmed at the time of offer.

Location:

Regular on-site presence in the Norwell, MA office as needed and some travel required. Due to the on‑site requirements of this position, applicants are expected to reside within a reasonable commuting distance of the designated work location (Norwell, MA). This role does not offer relocation.

Why Join Us?

At Sager Electronics, we value our team members and strive to provide a comprehensive benefits package for full-time employees. Here is what you can expect:

  • Medical, dental, and vision insurance to keep you and your family healthy.
  • 401(k)/Roth plan with matching, ensuring your financial future is secure.
  • Healthcare Savings Accounts for added flexibility in managing medical expenses.
  • Educational Assistance (Tuition Reimbursement) to support your ongoing learning and development.
  • Continuous training opportunities throughout your employment, empowering you to grow both personally and professionally.
  • A strong commitment to giving back to our communities through philanthropic opportunities and volunteer hours.
  • We understand the importance of work-life balance, and our Paid Time Off is designed to support our employees' well-being.

Sager Electronics, a TTI, Inc. Company, is a North American distributor of Interconnect, Power and Electromechanical components from leading manufacturers worldwide and a provider of custom value-add solutions. Grounded in over 135 years of innovation and service, Sager Electronics provides customers and suppliers a unique combination of operational excellence and innovative business solutions through its Distributing Confidence® business model. Headquartered in Middleborough, MA, Sager operates a national network of field sales representatives and power systems sales engineers, ten strategically located service centers, and a value-added Custom Solutions Center in Lewisville, TX. To learn more about us, visit www.sager.com

To perform the position, you must be a U.S. Person as defined by ITAR. ITAR defines a U.S. Person as a U.S. Citizen, U.S. Permanent Resident (i.e., ‘Green Card Holder’), Political Asylee, or Refugee. Visa sponsorship is not available for this role. Only candidates authorized to work in the United States will be considered.

We are an Equal Opportunity Employer, and we support protected veterans and individuals with disabilities through our affirmative action program.