200 Elm Street-FF200
If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935 by Harold Webster Smith, our focus has always been to put people first--doing whatever we can to help individuals, families and businesses achieve their financial goals. And while we've grown into a leading commercial bank, we remain passionate about serving our customers, supporting our communities, and making a difference in people's lives. We can make a difference in your life, too. By empowering you to build the meaningful career you've been looking for.
Responsibility, respect, trust, teamwork and citizenship are the values on which Webster was founded. Together we call them The Webster Way, and they are what set us apart as a bank and an employer. Guided by these values, we put people first - working hard to live up to our customers, and each other, every day.
As an Analyst for Webster Bank's Sponsor and Specialty Finance team, you will conduct financial and business due diligence on sponsor-backed healthcare service companies to determine the credit worthiness of prospective borrowers. A key part of the position will be managing the ongoing financial performance of a portfolio of healthcare accounts and conducting trend analysis. Potential candidates at this level are typically initiating and building the skills required to underwrite and manage leveraged loan transactions. You will be a meaningful contributor to Webster's growing healthcare leveraged finance team and be provided increased responsibility based on ability and job performance.
Key responsibilities include company and industry research, financial modeling & analysis, and portfolio management support. Analysts help prepare internal credit memos and will be part of a team that presents the underwriting diligence and portfolio management results to an investment committee. There is opportunity for increased responsibility as the Analyst progresses from execution and portfolio support to eventually leading key elements of the transaction execution process.
Throughout the underwriting and portfolio management processes the Analyst will interact with multiple stakeholders. You will interact with sponsor coverage teams, credit professionals, capital markets, private equity sponsors, company management, and investment bankers, as well as legal counsel, loan closers and operations personnel.
Bachelor's Degree in Business, Finance, Accounting, Economics, or equivalent work experience.
Superior written and verbal communication skills.
Strong analytical skills and proficiency with financial statements.
Ability to work in a fast-paced environment with little supervision.
Proficient in Microsoft Office, including Word, Excel and PowerPoint.
Bachelor's Degree in accounting, finance, business or related discipline. MBA considered a plus.
1-3 years' experience in leveraged finance at a commercial or investment bank with strong commercial credit experience.
Experience underwriting leveraged loan transactions .
Webster Bank Overview
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $26 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 176 banking centers and 349 ATMs. Webster also provides telephone banking, mobile banking, and Internet banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com .
Business Unit Overview
Webster Sponsor and Specialty Finance provides customized secured commercial loans to middle-market companies, typically backed by private equity capital. Our loans are used by clients to facilitate acquisitions, fund working capital, finance growth/capital expenditures, and restructurings. Sponsor and Specialty Finance focuses on general commercial industries but also has dedicated specialty lending teams that cover healthcare, technology, media and franchise businesses. We are headquartered in Boston, MA and have offices in Stamford, CT and New York, NY.