Associate, Sponsor and Specialty Finance Business and Information Services ("BIS") Group

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!

Job Description

As an Associate in the Business and Information Services group, you will have the unique opportunity to work with many different professionals who have diverse backgrounds and varying industry expertise (a typical deal team includes an Associate, Vice President or Director, and Managing Director). Additionally, you will have the opportunity to interact with the bank’s senior credit officers, private equity sponsors, portfolio company management teams, and other industry partners (e.g., law firms, accounting firms, industry experts, etc.). Overall, you will be an integral member of the deal team that is responsible for the complete deal process from loan origination through to post-closing portfolio management.

Major Duties & Responsibilities:

Portfolio Management for ~10-15 Existing Borrowers:

• Monitor borrower financial performance trends and liquidity via the review, analysis, and entry of monthly, quarterly, and annual financial statements into the bank’s internal portfolio management software
• Review quarterly compliance certificates to ensure accuracy and completeness
• Engage with borrower CFOs (or similar position) to get qualitative updates on performance
• Listen to annual or other interim lender update calls and ask questions, when appropriate
• Maintain borrower credit files
• Ensure appropriate borrower risk rating
• 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 underwriting deal team to prepare and execute all amendments/waivers for existing borrowers

New Deal Underwritings:

• Support lead underwriter on deal diligence
• Review data room materials and all third-party reports
• Build financial projection model
• Prepare internal credit approval memos
• Demonstrate a strong understanding of all material sections of legal documents
• Manage loan closing process

Education, Experience & Skills

 Required Qualifications:

• A BS/BA, preferably in Business, Finance, Accounting, Economics, or a related business field
• 2-4 years of work experience in an Accounting/Finance/Banking-related position (or a Master’s degree and 1-3 years)
• Strong analytical skills and proficiency with financial statements
• Ability to answer unstructured business questions and work independently to drive tasks to completion
• High degree 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
• Experience working within the private equity space at an investment bank or other institution
• Graduate of a formalized credit training program
• Received or is in the process of achieving either the CFA or CPA professional certifications
• Financial modeling experience
• MBA

The estimated salary range for this position is $100,000 USD to $130,000 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.

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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.