Director, Portfolio Management

Role Overview

• Lead underwriting due diligence and partner with relationship managers to produce deal screen and underwriting documents
• Interface with clients and other stakeholders to facilitate underwriting process
• Detail debt financings and company financials utilizing Excel and Webster’s credit management platform, Sageworks
• 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
• Ensure 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.

Requirements

• Bachelor’s degree
• 7-10 years of prior professional experience or equivalent
• Professional experience in a banking credit management position that focused on not-for-profit and/or for-profit businesses is preferred
• Excellent analytic skills and attention to detail
• Strong written and verbal communication skills
• Strong competency in Microsoft Office suite – including Excel and Word; experience with financial modeling is required
• Good interpersonal skills with the ability 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.

Benefits

• In addition, this position is eligible for incentive compensation.