VP, Sponsor Finance T&I
Job Description
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!
A specialized team of ~20 dedicated investment professionals, the T&I group prides itself on maintaining an atmosphere that encourages teamwork, self-empowerment, and work/life balance. As a Senior Associate within the T&I group, you will be a critical member of the overall team, with primarily responsibilities including (i) leading the new deal underwriting, approval and loan closing processes for new borrowers; (ii) helping to manage a portfolio of 10-15 existing borrower accounts; and (iii) mentoring junior level team members (Analysts and Associates) on best practices in both underwriting and portfolio management. This role will allow you to interact with the bank’s senior credit officers, capital markets group, private equity sponsors, company management, and other industry partners (e.g., law firms, accounting firms, industry experts, etc.). Additionally, there are periodic travel opportunities to meet with borrowers, sponsors, and for other industry related events (total travel of approximately 4-6x per year).
Major Duties & Responsibilities
New Deal Underwritings:
Screen new deal opportunities and provide quick feedback to senior members of the T&I team
Lead all aspects of the new deal underwriting and diligence process, including:
Identifying all key risks
Reviewing data room materials and third-party reports
Leading diligence calls with sponsors, management, and other third-party firms (e.g., GLG)
Conducting other independent research
Mentor and oversee junior deal team members (Analysts & Associates) and their work, including the financial projection model
Manage internal approval process including ensuring (i) timely completion of internal investment committee approval write-ups and (ii) adherence to Webster’s internal underwriting policies and procedures
Lead investment committee approval meetings and answer all diligence related questions
Review and negotiate closing legal documents with the borrower and/or sponsor
Manage internal loan closing process (including KYC) to ensure a smooth and timely closing for all counterparties
Portfolio Management for ~10-15 Existing Borrowers:
Act as a key touchpoint for management and/or sponsor, including having quarterly update calls with CFOs to get more qualitative updates on borrower performance
Mentor junior team members (Analysts & Associates) on best practices for sound portfolio management. Ultimately, VPs are responsible for overseeing and ensuring:
Appropriate borrower risk ratings each quarter
Timely receipt of borrowers’ financials and accuracy of borrowers’ financial compliance certificates
Accurate entry of borrower financials and credit KPIs into the bank’s internal portfolio management software platform
Completion of quarterly, semi-annual and/or annual reviews
Proper maintenance of borrower credit files
Adherence to Webster's internal portfolio management policies and procedures
Provide a higher level of involvement/management on problem credits
Lead all upsizes/amendments/waivers for existing borrowers
Qualifications
You have:
A BS/BA, preferably in Business, Finance, Accounting, Economics, or a related business field
5-7 years of work experience in an Accounting/Finance/Banking-related position (or a Master’s degree and 1-3 years)
Experience working in sponsor finance or on leveraged loan transactions
The ability to answer unstructured business questions and work independently to drive tasks to completion
Strong analytical skills and proficiency with financial statements
Strong organizational skills
Ability to work well with others and on teams
Ability to work in a fast-paced environment
Superior written and verbal communication skills
Financial modeling experience
Proficiency in Microsoft Office, including Word, Excel and PowerPoint
Ability to travel
Even better:
Tech or infrastructure industry experience at an investment bank or other institution
Graduate of a formalized credit training program
CFA or CPA professional certifications
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.
Application Instructions
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