If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.
Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!
Major Duties & Responsibilities
New Deal Underwritings:
- Screen new deal opportunities and provide quick feedback to senior members of the T&I team
- Lead all aspects of the new deal underwriting and diligence process, including:
- Identifying all key risks
- Reviewing data room materials and third-party reports
- Leading diligence calls with sponsors, management, and other third-party firms (e.g., GLG)
- Conducting other independent research
- Mentor and oversee junior deal team members (Analysts & Associates) and their work, including the financial projection model
- Manage internal approval process including ensuring (i) timely completion of internal investment committee approval write-ups and (ii) adherence to Webster’s internal underwriting policies and procedures
- Lead investment committee approval meetings and answer all diligence related questions
- Review and negotiate closing legal documents with the borrower and/or sponsor
- Manage internal loan closing process (including KYC) to ensure a smooth and timely closing for all counterparties
Portfolio Management for ~10-15 Existing Borrowers:
- Act as a key touchpoint for management and/or sponsor, including having quarterly update calls with CFOs to get more qualitative updates on borrower performance
- Mentor junior team members (Analysts & Associates) on best practices for sound portfolio management. Ultimately, VPs are responsible for overseeing and ensuring:
- Appropriate borrower risk ratings each quarter
- Timely receipt of borrowers’ financials and accuracy of borrowers’ financial compliance certificates
- Accurate entry of borrower financials and credit KPIs into the bank’s internal portfolio management software platform
- Completion of quarterly, semi-annual and/or annual reviews
- Proper maintenance of borrower credit files
- Adherence to Webster's internal portfolio management policies and procedures
- Provide a higher level of involvement/management on problem credits
- Lead all upsizes/amendments/waivers for existing borrowers
Qualifications
You have:
- A BS/BA, preferably in Business, Finance, Accounting, Economics, or a related business field
- 3-5 years of work experience in an Accounting/Finance/Banking-related position (or a Master’s degree and 1-3 years)
- Experience working in sponsor finance or on leveraged loan transactions
- The ability to answer unstructured business questions and work independently to drive tasks to completion
- Strong analytical skills and proficiency with financial statements
- Strong organizational skills
- Ability to work well with others and on teams
- Ability to work in a fast-paced environment
- Superior written and verbal communication skills
- Financial modeling experience
- Proficiency in Microsoft Office, including Word, Excel and PowerPoint
- Ability to travel
Even better:
- Tech or infrastructure industry experience at an investment bank or other institution
- Graduate of a formalized credit training program
- CFA or CPA professional certifications
- MBA
The estimated salary range for this position is $100,000 USD to $130,000 USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
Top Skills
What We Do
Webster is a leading commercial bank that delivers financial solutions to business, individuals, families and partners. With more than $60 billion in assets, we offer digital and traditional service delivery through our differentiated lines of business: Commercial Banking, Consumer Banking and HSA Bank, one of the country’s largest providers of employee benefits solutions.
Webster Financial Corporation and its subsidiaries ("Webster") are equal opportunity and affirmative action employers M/F/D/V. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and/or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law.
© 2021 Webster Financial Corporation. All rights reserved.
Webster Bank, the Webster Bank logo and the W symbol are trademarks of Webster Financial Corporation and Registered in the U.S. Patent and Trademark Office.
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