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!

This Is What You Will Do (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 will be aligned with the Commercial Bank.

Commercial Banking delivers solutions to a wide range of companies, investors, government entities, and other public and private institutions. We help our clients achieve their business and financial goals through our deep expertise in Commercial & Institutional Lending, Commercial Real Estate, Capital Markets, Capital Finance and Treasury Management. Our Wealth Management team pairs holistic wealth solutions, including tailored lending, with commercial banking services, helping our clients achieve their financial goals.

The Managing Director, Portfolio Management role will work within the Commercial Banking Middle Market division and will partner with portfolio and relationship managers to support (i) underwriting new commercial loans for private and publicly owned businesses and (ii) the ongoing portfolio management of existing lending relationships. Responsibilities will include conducting underwriting due diligence, financial analysis of borrowers and guarantors, preparation of internal credit memos, presentation of underwriting diligence and portfolio management results to credit committee, monitoring covenant compliance, risk ratings and credit quality of the portfolio, and other activities in support of the region's overall goals. Throughout the process the Portfolio Manager will interact with multiple internal and external stakeholders, including credit professionals, capital markets, company management, investment bankers, legal counsel, and operations personal. The position will also have the opportunity to teach and mentor junior deal team members.

Major Duties and Responsibilities

Underwriting

Lead underwriting due diligence and partner with relationship managers and junior deal team members to produce deal screen and underwriting documentsInterface with clients and other stakeholders to facilitate underwriting processDetail debt financings and company financials utilizing Excel and Webster’s credit management platform, SageworksPerform sensitivity analysis and modeling of projected cash flowsDraft approval document narrative, thoroughly identify all risks and mitigating factors, document variances to policy/procedures, and assign accurate risk gradeResponsible for presenting underwriting memos to credit committeeSupport legal documentation drafting and negotiationsFacilitate loan closing process with commercial loan operations

Portfolio Management

Review, spread, and maintain periodic financial statements, compliance certificates and borrowing base reportsEngage with borrowers' CFOs (or similar position) to get qualitative updates on performanceListen to annual or other interim lender update calls and ask questions, when appropriateEnsure the timely completion of renewals, annual reviews, and interim analyses.Ensure borrower is assigned an appropriate risk ratingPresent internal portfolio review memos to senior credit executives at periodic meetingsExecute all amendments/waivers for existing borrowersMaintain ticklers, covenants, and borrower credit filesMaintain customer information and data integrity on bank systemsEnsure compliance with all regulations, policies, and procedures

Other

Generate new ideas and recommendations for continuous process improvementRepresent Webster Bank as a brand ambassador at business and charitable eventsParticipate in special projects on an as-needed basis

EDUCATION, EXERIENCE & SKILLS

Education: Bachelor’s degree; courses in accounting and finance field preferredExperience: 7-10 years of prior professional experience or equivalent; professional experience in Accounting/Finance/Banking-related position is preferredExcellent analytic skills and attention to detailStrong written and verbal communication skillsStrong competency in Microsoft Office suite - including Excel and PowerPoint; experience with financial modeling is requiredGood interpersonal skills with the ability to interface with relationship managers, portfolio managers, credit officers, clients, and senior managementThe ability to answer unstructured business questions and work independently to drive tasks to completionLocations: 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.

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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.