Job Description

Date Active

Sep 5, 2023 1:19:03 PM

Requisition #


Hours Per Week



500 Boylston St-MAS10





Job Description/ Requirements

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!


BASIC FUNCTION                                                                     

Support the underwriting and portfolio management of fund-level financings to private equity, commercial real estate, and private credit funds. Help diligence and underwrite new deals and proactively manage a portfolio of assigned accounts.





New Deal Underwritings:

  • Support lead underwriter on deal diligence
  • Develop due diligence request lists
  • Review data room materials
  • Help to prepare internal credit approval memos and present deals to credit committee
  • Manage loan closing process



Portfolio Management for Existing Borrowers:

  • Review and verify requests for borrowing, ensuring accuracy of request certificates and compliance with all applicable covenants
  • Review quarterly compliance certificates to ensure they are being completed accurately by the borrower
  • Review and analyze borrowers’ regularly submitted financial statements to monitor performance
  • Ensure appropriate borrower risk rating and process internal ratings upgrades/downgrades when appropriate
  • Maintain borrower credit files and financial data / covenant compliance in Sageworks
  • Prepare internal quarterly, semi-annual and/or annual review memos
  • Present internal portfolio review memos to senior credit executives at annual review meetings
  • Work with original underwriting deal team to prepare and execute all amendments, waivers, and requests for extensions for existing borrowers







Bachelor's Degree required (preferably in Business, Finance, Accounting, Economics)




1-3 years of work experience in a credit underwriting and/or portfolio management position. Direct experience in fund finance is a plus.


Job Skills / Knowledge:


Required Qualifications:

  • Strong analytical skills and proficiency with financial statements
  • High level of attention to detail
  • Strong written and verbal communication skills
  • Ability to work well with others and on teams
  • Ability to work in a fast-paced environment
  • Proficient in Microsoft Office, including Word, Excel, and PowerPoint


Other Desired/Beneficial Qualifications:

  • Experience working on fund-level financings (subscription lines, NAV loans, etc.)
  • Graduate of a formalized credit training program
  • Received or is in the process of achieving either the CFA or CPA professional certifications


The estimated salary range for this position is $105,000 USD to $125,000 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.




Equal Opportunities

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.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!

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