Commercial Credit Senior Associate (CRE)

Location: Hybrid, requiring four days per week in the office; ideally based in Boston, MA, with potential locations in Danvers, MA or Belmont, MA.

Salary: $119,500–$199,100 annual, USD.

Company

M&T Bank is a commercial banking organization providing credit products and portfolio management for commercial clients.

What you will do

• Underwrite new commercial real estate credit requests, material modifications, and restructurings from deal screening through approval and throughout the loan lifecycle.
• Monitor commercial credit portfolios through annual reviews, interim updates, covenant monitoring, problem loan management, and early-warning indicators.
• Analyze financial statements, tax returns, appraisals, due diligence reports, credit bureau data, industry research, and peer information.
• Prepare cash flow analyses, collateral schedules, covenant sensitivity calculations, financial models, guarantor analyses, and risk ratings.
• Recommend transaction structures, terms, conditions, controls, collateral, and guarantors based on company, base-case, and downside scenarios.
• Partner with relationship managers, lead transaction execution teams, participate in client calls and credit committee discussions, and escalate risk issues when necessary.

Requirements

• Bachelor’s degree in Accounting, Finance, Economics, or a related field, plus 5 years of relevant commercial credit or financial analysis experience; alternatively, 9 years of combined higher education and work experience including 5 relevant years.
• Commercial real estate commercial credit experience is required.
• Strong analytical skills, including financial modeling, credit metrics, ratio interpretation, and trend analysis.
• Emerging proficiency in legal documentation, structural analysis, and independently structuring transactions.
• Excellent verbal and written communication, critical thinking, attention to detail, organization, and time management.
• Proficiency in Microsoft Office and ability to work independently while collaborating with relationship managers and credit teams.

Nice to have

• Experience with CoStar or ARGUS.
• Experience with Green Street or nCino.

Culture & Benefits

• Hybrid work arrangement with regular in-office collaboration.
• Participation in an environment that supports belonging and reflects the M&T Bank brand.
• Work governed by commercial credit policies, risk appetite standards, internal controls, audits, and regulatory requirements.
• Opportunity to provide input into the development and training of junior and newly hired analysts.