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:

Portfolio Management for Existing Borrowers:

Review and analyze monthly, quarterly, and annual financial statements in order to monitor the borrower's financial performance trends and liquidity
Review quarterly compliance certificates to ensure they are being completed accurately by the borrower
Communicate with the borrower's CFO (or similar position) to get more qualitative updates on performance
Listen to annual or other interim lender update calls and ask questions, when appropriate
Ensure appropriate borrower risk rating and process internal ratings upgrades/downgrades when appropriate
Maintain borrower credit files
Enter borrower's quarterly financial data and covenant compliance into Baker Hill
Prepare internal quarterly, semi-annual and/or annual review memos
Present internal portfolio review memos to senior credit executives at semi-annual review meetings
Work with original underwriting deal team to prepare and execute all amendments/waivers for existing borrowers
Associates will typically maintain a more complex portfolio of borrower accounts, including transactions where Webster is the Agent of a syndicated bank group

New Deal Underwritings:

Support lead underwriter on deal diligence
Review data room materials and all third party reports
Build the projection model
Help to prepare internal credit approval memos
Manage loan closing process

Education, Experience & Skills

Required Qualifications:

Bachelor's Degree, preferably in Business, Finance, Accounting, Economics, or equivalent related work experience
1-3 years of work experience in an Accounting/Finance/Banking-related position
Strong analytical skills and proficiency with financial statements
High level of attention to detail
Ability to work well with others and on teams
Ability to work in a fast-paced environment
Superior written and verbal communication skills
Proficient in Microsoft Office, including Word, Excel and PowerPoint

Other Desired/Beneficial Qualifications:

Experience working on leveraged loan transactions
Sponsor industry experience at an investment bank or other institution
Graduate of a formalized credit training program
Received or is in the process of achieving either the CFA or CPA professional certifications
MBA

The estimated salary range for this position is $80,000 USD to $95,000 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.

Webster Bank

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