Job Description

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!

RESPONSIBILITIES

New Deal Underwritings:

• Support lead underwriters on deal diligence
• Develop due diligence request lists
• Review data room materials
• Help to prepare internal credit approval memos and present deals to credit committee
• Assist in loan closing process

Portfolio Management for Existing Borrowers:

• Review and verify requests for borrowing, ensuring accuracy of request certificates and compliance with all applicable covenants
• Review quarterly compliance certificates to ensure they are being completed accurately by the borrower
• Review and analyze borrowers’ regularly submitted financial statements to monitor performance
• Ensure appropriate borrower risk rating and process internal ratings upgrades/downgrades when appropriate
• Maintain borrower credit files and financial data / covenant compliance in Sageworks
• Prepare internal quarterly, semi-annual and/or annual review memos
• Present internal portfolio review memos to senior credit executives at annual review meetings
• Work with original underwriting deal team to prepare and execute all amendments, waivers, and requests for extensions for existing borrowers

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.

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