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.