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Entry Level Credit Analyst Jobs in Springfield, MA

American Eagle FCU

Executive Assistant

East Hartford, CT · Hybrid

$30 - $34/hr

Responsible for assisting with New Hire Orientation and entry level onboarding tasks. * Manage New ... Experience in a Credit Union environment strongly preferred. While this level of expertise will ...

Pwc

Partner Tax Preparation Advisor Manager

Hartford, CT · On-site +1

$73K - $244K/yr

... to: Analyse and identify the linkages and interactions between the component parts of an entire ... PwC does not intend to hire experienced or entry level job seekers who will need, now or in the ...

All JobsCredit Analyst JobsEntry Level Credit Analyst JobsEntry Level Credit Analyst Jobs in Springfield, MA

Entry Level Credit Analyst information

See Springfield, MA salary details

$15

$29

$48

How much do entry level credit analyst jobs pay per hour?

As of Jun 15, 2026, the average hourly pay for entry level credit analyst in Springfield, MA is $29.82, according to ZipRecruiter salary data. Most workers in this role earn between $22.98 and $33.56 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Entry Level Credit Analyst, and why are they important?

To thrive as an Entry Level Credit Analyst, you need strong analytical abilities, a solid understanding of financial statements, and typically a bachelor's degree in finance, accounting, or a related field. Familiarity with financial modeling tools, Microsoft Excel, and credit analysis software is often required. Attention to detail, effective communication, and problem-solving skills are essential soft skills in this role. These competencies ensure accurate risk assessments, clear reporting, and effective decision-making in evaluating creditworthiness.

What does an Entry Level Credit Analyst do?

An Entry Level Credit Analyst is responsible for evaluating the creditworthiness of individuals or companies by analyzing financial data and credit reports. They help determine the risk involved in lending money or extending credit and may assist in setting credit limits or recommending loan approvals. Their role often involves preparing financial spreadsheets, reviewing credit applications, and supporting senior analysts in making informed decisions. This position is a great starting point for those interested in finance or banking, offering valuable experience in risk assessment and financial analysis.

What is the difference between Entry Level Credit Analyst vs Credit Underwriter?

AspectEntry Level Credit AnalystCredit Underwriter
Required CredentialsBachelor's degree in finance, accounting, or related field; basic knowledge of credit analysisBachelor's degree; often additional certifications like CFA or credit-specific training
Work EnvironmentOffice setting, analyzing financial data, preparing reportsOffice setting, assessing credit applications, making approval decisions
Employer & Industry UsageFinancial institutions, banks, credit agenciesBanks, lending companies, financial services
Common Search & Comparison IntentUnderstanding entry-level roles in credit analysisComparing roles involved in credit approval process

Entry Level Credit Analysts typically focus on analyzing financial data and preparing reports to support credit decisions, often with less responsibility than Credit Underwriters, who evaluate and approve credit applications. Both roles require similar educational backgrounds and are common in financial institutions, but Credit Underwriters usually have more decision-making authority and specialized training.

What are some common challenges faced by entry level credit analysts in their first year, and how can they overcome them?

Entry level credit analysts often encounter challenges such as adapting to complex financial analysis tools, understanding industry-specific credit risk factors, and managing a high volume of loan applications under tight deadlines. To overcome these obstacles, it's helpful to seek mentorship from experienced colleagues, proactively participate in training sessions, and regularly review credit policies and case studies. Collaboration with senior analysts and open communication with team members can also accelerate learning and ensure accurate credit assessments.
What are the most commonly searched types of Credit Analyst jobs in Springfield, MA? The most popular types of Credit Analyst jobs in Springfield, MA are:
What are popular job titles related to Entry Level Credit Analyst jobs in Springfield, MA? For Entry Level Credit Analyst jobs in Springfield, MA, the most frequently searched job titles are:
What job categories do people searching Entry Level Credit Analyst jobs in Springfield, MA look for? The top searched job categories for Entry Level Credit Analyst jobs in Springfield, MA are:
What cities near Springfield, MA are hiring for Entry Level Credit Analyst jobs? Cities near Springfield, MA with the most Entry Level Credit Analyst job openings:
Entry Level Credit Analyst jobs near you
Infographic showing various Entry Level Credit Analyst job openings in Springfield, MA as of June 2026, with employment types broken down into 71% Full Time, 17% Part Time, 1% Temporary, 10% Contract, and 1% Nights. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $62,025 per year, or $29.8 per hour.

Commercial Credit Analyst

Community Bank & Trust Careers | Northeast Community Bank Jobs | NVB

Springfield, MA • On-site

Full-time

Posted 7 days ago

Job description

JOB SUMMARY

New Valley is seeking a talented, ambitious professional willing and able to contribute to the success of our new bank. Under the direction of the VP Credit Officer, the Credit Analyst will work collaboratively to support the loan origination and ongoing monitoring initiatives of the Lending Department.

This is an entry-level client relationship management position. Qualified candidates will have seasoned credit underwriting background with a proven ability to evaluate and determine the credit risks of commercial clients and appropriate structure of loan requests through detailed financial statement analysis, industry assessment, collateral valuation, cash flow analysis and the ability to repay annual debt service.

ESSENTIAL KEY FUNCTIONS

  • Analytical skills Problem-solving skills Judgement skills Ability to prioritize work in a fast-paced high-volume environment while maintaining accuracy and turn-around times. Ability to stay focused
  • Works with Loan Officer on New Loan requests including but not limited to an initial financial analysis and obtaining a complete financial package to prepare, summarize, presents facts, and offers opinions concerning credit worthiness of commercial customers; reviews and analyzes criteria to assign an overall risk to credit. Develops credit analyses for use by lending officers or committees in the making of lending decisions on new credit approvals and renewals
  • Essential Functions Coordinate with Loan Officers to assist in collection of financial information from portfolio customers.
  • Analyzes and reviews data on new loans as well as portfolio loans, reviews for signs of credit issues
  • Monitors annual review/renewal process including file comments and loan presentations for assigned credit requests.
  • Maintains and tracks, and reports on Banks policy exceptions.
  • Assists in timely complete of Annual Reviews throughout the portfolio, including working with Loan Servicing to update existing NOIs, and DSCR upon review.
  • Communicates with customers to request and track the receipt of required financial information to be completed in tandem with Lenders, Portfolio Managers and Credit Analysts balanced with prioritizing new money transactions.
  • Submits appraisal order requests and bids. Submits Flood Determination requests and follows through with proper procedures when property is located in a flood zone.
  • Orders environmental reports and submits to Loan Officer for review. Completes compliance review including but not limited to, CRA, Government Monitoring, and Joint Credit.
  • Assist in taking Directors Loan Committee meeting minutes.
  • Must complete BSA, AML, and other regulatory and continuing education as assigned. Must adhere to all bank and regulatory policies and procedures specific to position. Position Qualifications Assumes additional responsibilities as requested.
  • Monitors and tracks for financial statements received from existing borrowers, and scans or saves electronically to files with appropriate naming conventions.
  • 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. Additional tasks include reporting to the Federal Reserve via the Main Street Lending platform program.


EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER

New Valley Bank and Trust is committed to diversity and inclusion. We recruit and employ the best qualified individuals without regard to race, religion, color, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, family medical history or genetic information, political affiliation, military service, or other non-merit-based factors. Equal employment opportunity applies to all personnel actions.

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

  • Strong knowledge commercial loan documentation; working knowledge of banking laws and regulations, relating to the documentation and servicing of loans
  • Excellent organizational, verbal, and written communication, and computer skills, including proficiency in Microsoft Word and Excel
  • Excellent customer service skills with a high degree of professionalism and positive demeanor
  • Strong organizational skills with the ability to prioritize a multitude of assignments
  • Excellent oral and written communication skills

Physical Requirements

  • Ability to stand or sit for extended periods
  • Ability to communicate clearly and concisely

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of this position. Duties, responsibilities, and activities may change at any time without notice.


Post-Offer Background check performed. Includes credit, criminal and reference checks.

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