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Loan Manager Jobs in Springfield, MA (NOW HIRING)

Cornerstone Bank

VP, Mortgage Sales Manager

Spencer, MA · On-site

$84K - $250K/yr

The Manager leads Mortgage Loan Officers in achieving production goals, provides ongoing sales development, and ensures operational excellence in compliance with regulatory and bank standards. In ...

Starbucks

shift manager - Store# 26040, LUDLOW

Ludlow, MA · On-site

$20.69 - $25.86/hr

... loan management resources, and access to other educational opportunities. You will also have access to backup care and DACA reimbursement. Starbucks will comply with any applicable state and local ...

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All JobsLoan JobsLoan Manager JobsLoan Manager Jobs in Springfield, MA

Loan Manager information

See Springfield, MA salary details

$38.9K

$93K

$194.8K

How much do loan manager jobs pay per year?

As of Aug 23, 2026, the average yearly pay for loan manager in Springfield, MA is $93,048.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,300.00 and $102,600.00 per year, depending on experience, location, and employer.

What is a loan manager?

Loan Managers are professionals responsible for overseeing the loan application and approval process at banks, credit unions, or other financial institutions. They evaluate borrowers’ creditworthiness, ensure compliance with relevant regulations, and manage the performance of existing loan portfolios. Loan Managers often supervise loan officers and work closely with clients to structure appropriate loan solutions. Their goal is to minimize risk while ensuring that clients receive timely and effective lending services.

What are the key skills and qualifications needed to thrive as a loan manager?

To thrive as a Loan Manager, you need strong knowledge of lending regulations, risk assessment, and financial analysis, often supported by a degree in finance or business. Familiarity with loan origination systems, credit analysis software, and relevant certifications such as Certified Loan Officer are typically required. Excellent communication, leadership, and customer service skills help Loan Managers effectively guide teams and build client trust. These competencies are crucial for ensuring sound lending decisions, maintaining regulatory compliance, and delivering positive client experiences.

What are some common challenges faced by loan managers in balancing client needs with regulatory compliance?

Loan Managers often encounter the challenge of meeting clients’ expectations for timely and flexible loan approvals while strictly adhering to internal policies and external regulations. Navigating complex documentation requirements, monitoring credit risk, and ensuring every loan process aligns with compliance standards requires keen attention to detail and strong communication skills. Additionally, Loan Managers frequently coordinate with underwriting, legal, and risk management teams to address potential issues and maintain a positive client experience. Staying updated on evolving regulations and adapting processes accordingly is essential for long-term success in this role.

What is the difference between Loan Manager vs Loan Officer?

AspectLoan ManagerLoan Officer
CredentialsTypically requires a mortgage or banking license, relevant experienceOften needs licensing, sales experience, and knowledge of loan products
Work EnvironmentSupervises loan staff, manages loan processes, oversees teamInteracts directly with clients, evaluates loan applications, sells loan products
Employer & IndustryBanking, mortgage companies, financial institutionsMortgage brokers, banks, credit unions

While both roles involve working with loans, a Loan Manager oversees the loan process and team, focusing on management and compliance. A Loan Officer interacts directly with clients, assessing their needs and selling loan products. Understanding these differences helps in choosing the right career path or job search focus.

What are the most commonly searched types of Loan jobs in Springfield, MA?

The most popular types of Loan jobs in Springfield, MA are:

What are popular job titles related to Loan Manager jobs in Springfield, MA?

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

What job categories do people searching Loan Manager jobs in Springfield, MA look for?

The top searched job categories for Loan Manager jobs in Springfield, MA are:

What cities near Springfield, MA are hiring for Loan Manager jobs?

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

Loan Manager jobs near you
Infographic showing various Loan Manager job openings in Springfield, MA as of June 2026, with employment types broken down into 1% As Needed, 85% Full Time, 12% Part Time, 1% Temporary, and 1% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $93,048 per year, or $44.7 per hour.

VP Commercial Portfolio Manager

New Valley Bank & Trust

Springfield, MA • On-site

$100K - $175K/yr

Full-time

Re-posted 22 days ago

Job description

JOB SUMMARY:The Commercial Portfolio Manager supports the bank's lending activities by gathering and analyzing financial and business information related to loan requests. This role involves performing credit administration functions, managing customer relationships, conducting portfolio analysis, and collaborating with the Chief Lending Officer and lending team to ensure the sound management of the bank's commercial loan portfolio. The ideal candidate is highly analytical, detail-oriented, and customer-focused, with a deep understanding of commercial lending and credit practices. KEY RESPONSIBILITIES:Credit Administration Functions:Collect and analyze financial statements, tax returns, and other business information to evaluate customer and prospect loan requests.Assist in preparing loan presentations, underwriting analyses, and credit memos for approval.Conduct periodic loan reviews to ensure compliance with loan terms and conditions.Support loan closings by coordinating documentation, ensuring accuracy, and confirming compliance with policies.Monitor loan covenants and follow up with borrowers for required reporting. Customer Contact and Relationship Management:Act as back up support for assigned lender as a point of contact for customers, addressing inquiries regarding loan accounts, modifications, and other banking needs.Work closely with lenders to maintain strong client relationships and ensure excellent customer service.Assist in gathering updated financial and operational information from borrowers as needed. Portfolio Analysis and Management:Conduct ongoing portfolio analysis to identify trends, concentrations, and risks.Track and report on key portfolio metrics, including delinquencies, risk ratings, and renewal schedules.Collaborate with the lending team to develop action plans for underperforming loans or high-risk accounts. Compliance and Risk Management:Ensure adherence to bank credit policies, regulatory requirements, and risk management standards.Identify potential problem loans and recommend solutions to mitigate risk.Maintain detailed and accurate records of credit files and loan servicing activity. Collaboration and Support:Partner with the Chief Lending Officer and lenders to achieve departmental and organizational goals.Support business development efforts by providing analytical insights and recommendations.Assist in special projects, audits, and other duties as assigned as the business need dictates. QUALIFICATIONS:Education and Experience:Bachelor's degree in Finance, Accounting, Business Administration, or a related field.Minimum of 3-5 years of experience in commercial lending, credit analysis, or portfolio management.Knowledge of financial statement analysis, credit underwriting, and risk management practices. Skills and Competencies:Strong analytical and problem-solving skills.Excellent organizational skills with the ability to manage multiple tasks and deadlines.Effective written and verbal communication skills.High level of accuracy and attention to detail.Proficiency in financial analysis tools, loan servicing software, and Microsoft Office Suite.Strong interpersonal skills with the ability to build and maintain customer relationships. Performance Metrics:Accuracy and timeliness of financial analyses and credit reviews.Portfolio performance, including delinquency and risk rating trends.Customer satisfaction and responsiveness.Support and collaboration with the Chief Lending Officer and lending team. WORK ENVIRONMENT:This role is primarily office-based, with occasional travel to meet with customers or attend industry events as needed.EQUAL EMPLOYMENT OPPORTUNITY EMPLOYERNew 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.