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 teamLead all aspects of the new deal underwriting and diligence process, including:Identifying all key risksReviewing data room materials and third-party reportsLeading diligence calls with sponsors, management, and other third-party firms (e.g., GLG)Conducting other independent researchMentor and oversee junior deal team members (Analysts & Associates) and their work, including the financial projection modelManage 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 proceduresLead investment committee approval meetings and answer all diligence related questionsReview and negotiate closing legal documents with the borrower and/or sponsorManage 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 performanceMentor 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 quarterTimely receipt of borrowers’ financials and accuracy of borrowers’ financial compliance certificatesAccurate entry of borrower financials and credit KPIs into the bank’s internal portfolio management software platformCompletion of quarterly, semi-annual and/or annual reviewsProper maintenance of borrower credit filesAdherence to Webster's internal portfolio management policies and proceduresProvide a higher level of involvement/management on problem creditsLead all upsizes/amendments/waivers for existing borrowersQualifications

You have:

A BS/BA, preferably in Business, Finance, Accounting, Economics, or a related business field3-5 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 transactionsThe ability to answer unstructured business questions and work independently to drive tasks to completionStrong analytical skills and proficiency with financial statementsStrong organizational skillsAbility to work well with others and on teamsAbility to work in a fast-paced environment Superior written and verbal communication skillsFinancial modeling experienceProficiency in Microsoft Office, including Word, Excel and PowerPointAbility to travel

Even better:

Tech or infrastructure industry experience at an investment bank or other institution Graduate of a formalized credit training programCFA or CPA professional certificationsMBA

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.