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Position Summary
At Webster Bank, our financial intermediation activities are organized broadly around three distinct lines of business: the Consumer Bank, the Commercial Bank, and HSA Bank. This position is aligned with the Commercial Bank and will support underwriting of new commercial loans and ongoing portfolio management of existing lending relationships within the Commercial Banking Middle Market division. The Managing Director will partner with portfolio and relationship managers to conduct underwriting due diligence, prepare internal credit memos, present results to the credit committee, monitor covenant compliance, and manage risk ratings and credit quality of the portfolio.
Major Duties and Responsibilities
- Lead underwriting due diligence and partner with relationship managers and junior deal team members to produce deal screen and underwriting documents
- Interface with clients and other stakeholders to facilitate the underwriting process
- Detail debt financings and company financials utilizing Excel and Webster’s credit management platform, Sageworks
- Perform sensitivity analysis and modeling of projected cash flows
- Draft approval document narrative, thoroughly identify all risks and mitigating factors, document variances to policy/procedures, and assign accurate risk grade
- Responsible for presenting underwriting memos to credit committee
- Support legal documentation drafting and negotiations
- Facilitate loan closing process with commercial loan operations
- Review, spread, and maintain periodic financial statements, compliance certificates and borrowing base reports
- Engage with borrowers' CFOs (or similar position) to get qualitative updates on performance
- Listen to annual or other interim lender update calls and ask questions, when appropriate
- Ensure the timely completion of renewals, annual reviews, and interim analyses
- Ensure borrower is assigned an appropriate risk rating
- Present internal portfolio review memos to senior credit executives at periodic meetings
- Execute all amendments/waivers for existing borrowers
- Maintain ticklers, covenants, and borrower credit files
- Maintain customer information and data integrity on bank systems
- Ensure compliance with all regulations, policies, and procedures
- Generate new ideas and recommendations for continuous process improvement
- Represent Webster Bank as a brand ambassador at business and charitable events
- Participate in special projects on an as‑needed basis
Education and Experience
- Bachelor’s degree in accounting, finance, or related field preferred
- 7–10 years of professional experience in accounting, finance, or banking
- Excellent analytical skills and attention to detail
- Strong written and verbal communication skills
- Strong competency in Microsoft Office suite – including Excel and PowerPoint; experience with financial modeling required
- Good interpersonal skills to interface with relationship managers, portfolio managers, credit officers, clients, and senior management
- The ability to answer unstructured business questions and work independently to drive tasks to completion
- Locations: Connecticut – New Haven, Stamford, Hartford. Option for hybrid schedule if deemed appropriate
The estimated salary range for this position is $150,000 USD to $175,000 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.
Webster Financial Corporation and its subsidiaries (“Webster”) are equal opportunity employers that are committed to sustaining an inclusive environment. 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.
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