Job Description

Date Active

Jun 22, 2021 12:00:00 AM

Requisition #


Hours Per Week



360 Lexington Ave-NY000


New York


New York

Job Description/ Requirements

Since 1935, Webster Bank has been helping individuals, families and businesses meet their financial goals. As a leading regional bank, Webster's strong foundation is built on our core values of responsibility, respect, teamwork, trust and commitment to our communities. Webster bankers remain our most valuable asset, and we pride ourselves on our diverse, equitable and inclusive work environment. Come join our team!

Associate, Position Summary: Manage a portfolio of approximately 10-15 existing borrower accounts and help lead new deal underwriting process. Additionally, mentor junior deal team members (e.g., Interns or Analysts) where appropriate.

Major Duties & Responsibilities:

Portfolio Management for Existing Borrowers:

  • Review and analyze monthly, quarterly, and annual financial statements in order to monitor the borrower's financial performance trends and liquidity
  • Review quarterly compliance certificates to ensure they are being completed accurately by the borrower
  • Communicate with the borrower's CFO (or similar position) to get more qualitative updates on performance
  • Listen to annual or other interim lender update calls and ask questions, when appropriate
  • Ensure appropriate borrower risk rating and process internal ratings upgrades/downgrades when appropriate
  • Maintain borrower credit files
  • Enter borrower's quarterly financial data and covenant compliance into Baker Hill
  • Prepare internal quarterly, semi-annual and/or annual review memos
  • Present internal portfolio review memos to senior credit executives at semi-annual review meetings
  • Work with original underwriting deal team to prepare and execute all amendments/waivers for existing borrowers
  • Associates will typically maintain a more complex portfolio of borrower accounts, including transactions where Webster is the Agent of a syndicated bank group


New Deal Underwritings:

  • Support lead underwriter on deal diligence
  • Review data room materials and all third-party reports
  • Build the projection model
  • Help to prepare internal credit approval memos
  • Manage loan closing process


Education, Experience & Skills

Required Qualifications:

  • Bachelor's Degree, preferably in Business, Finance, Accounting, Economics, or equivalent related work experience
  • 2-4 years of work experience in an Accounting/Finance/Banking-related position
  • Strong analytical skills and proficiency with financial statements
  • High level of attention to detail
  • Ability to work well with others and on teams
  • Ability to work in a fast-paced environment
  • Superior written and verbal communication skills
  • Proficient in Microsoft Office, including Word, Excel and PowerPoint


Other Desired/Beneficial Qualifications:

  • Experience working on leveraged loan transactions
  • Graduate of a formalized credit training program
  • Received or is in the process of achieving either the CFA or CPA professional certifications
  • MBA

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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