Associate, Sponsor & Specialty Finance
Date ActiveApr 20, 2023 3:52:55 PM
Hours Per Week40
Location500 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
Webster Bank –Associate Leveraged Finance
As an Associate for Webster Bank’s Healthcare Sponsor Finance Group, you will be responsible for underwriting new cash flow and private equity backed commercial loans as well as portfolio management activities for select healthcare companies. This position includes all aspects of the underwriting process such as performing due diligence and preparing internal credit approval documents, as well as portfolio management responsibilities including completion of required portfolio reviews, manage ongoing financial performance of Borrowers and processing incremental credit extensions. Potential candidates at this level are initiating and building the skills required to underwrite and manage leveraged loan transactions and will be a meaningful contributor to Webster’s growing healthcare leveraged finance team. Position would be hybrid and based in either Stamford, CT or Boston, MA.
Key responsibilities include: (i) spearheading the due diligence process for new cash flow transactions, inclusive of financial due diligence, and leading diligence activities, (ii) preparing pre-screen memos and credit approval documents for presentation to investment committee, (iii) preparing, reviewing and sensitizing financial models, (iv) organizing and managing the closing process on new transactions, and (v) managing and monitoring of portfolio accounts. There is opportunity for increased responsibility as the Associate progresses from execution and portfolio support to eventually leading key elements of the transaction execution process.
Throughout the underwriting and portfolio management processes the Associate 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.
- 2-4 years’ experience in leveraged finance at a commercial or investment bank with strong commercial credit 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.
- Graduate of a formalized credit training program
- Experience underwriting or managing leveraged loan transactions.
- Prior Healthcare sector experience
Webster Bank Overview
Founded in 1935, Webster Financial Corporation is a publicly traded (NYSE:WBS) bank holding company and financial holding company with approximately $60 billion in assets including $44 billion in loans, $31 billion of which are commercial loans. Webster’s Sponsor and Specialty Finance segment ($4.0 billion of commitments), provides dedicated industry expertise and comprehensive debt solutions to companies typically backed by private equity capital. It invests nationally across a variety of industries with dedicated teams focused on technology, healthcare, business services and franchise finance. Financial products include senior revolvers and term loans, unitranche facilities, acquisition lines and treasury management services. Webster targets companies with EBITDA between $5 and $25 million. It can underwrite up to $200 million of senior credit facilities and will hold up to $60 million per transaction. 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 .
Business Unit Overview
Webster Healthcare Finance Group provides customized secured commercial loans to middle-market companies, typically backed by private equity capital. Our loans are used by private portfolio companies to facilitate acquisitions, fund working capital, finance growth/capital expenditures, and restructurings. Healthcare Finance is part of Webster’s Sponsor and Specialty Finance which focuses on general commercial industries but also has dedicated specialty lending teams that in healthcare, technology, business services and aerospace & defense and environmental services. We are headquartered in Stamford, CT and have offices in Boston, MA and New York, NY.