How much does a Commercial Credit Analyst I make in Massachusetts? The average Commercial Credit Analyst I salary in Massachusetts is $63,831 as of March 26, 2024, but the range typically falls between $56,121 and $71,927. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Commercial Credit Analyst I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Commercial Credit Analyst I Salary $49,101 MA March 26, 2024
25th Percentile Commercial Credit Analyst I Salary $56,121 MA March 26, 2024
50th Percentile Commercial Credit Analyst I Salary $63,831 MA March 26, 2024
75th Percentile Commercial Credit Analyst I Salary $71,927 MA March 26, 2024
90th Percentile Commercial Credit Analyst I Salary $79,299 MA March 26, 2024
25% $56,121 10% $49,101 90% $79,299 75% $71,927 $63,831 50%(Median) Didn’t find job title? Click
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What skills does a Commercial Credit Analyst I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

3.

Credit Reports: Credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts. It allows to check for any delinquency in past and present credit accounts.

Analysis 20.24%
Microsoft Office 1.8%
Credit Reports 1.11%
Others 76.85%

Job Description for Commercial Credit Analyst I

Commercial Credit Analyst I collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst I calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst I presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Credit Analyst I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Commercial Credit Analyst I in Massachusetts

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Location Avg. Salary Date Updated
Location Attleboro, MA Avg. Salary $61,543 Date Updated March 26, 2024
Location Barnstable, MA Avg. Salary $62,188 Date Updated March 26, 2024
Location Fitchburg, MA Avg. Salary $62,540 Date Updated March 26, 2024
Location Hyannis, MA Avg. Salary $61,954 Date Updated March 26, 2024
Location Leominster, MA Avg. Salary $61,778 Date Updated March 26, 2024
Location Malden, MA Avg. Salary $65,767 Date Updated March 26, 2024
Location Methuen, MA Avg. Salary $62,658 Date Updated March 26, 2024
Location Newton, MA Avg. Salary $65,767 Date Updated March 26, 2024
Location Revere, MA Avg. Salary $65,767 Date Updated March 26, 2024
Location Weymouth, MA Avg. Salary $64,066 Date Updated March 26, 2024

Career Path for Commercial Credit Analyst I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Commercial Credit Analyst I, the upper level is Commercial Credit Analyst II and then progresses to Commercial Credit Analyst IV.

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Commercial Credit Analyst I Salary in Massachusetts
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