Job Description

Date Active

Nov 3, 2022 3:00:17 PM

Requisition #


Hours Per Week



Two Stamford Plaza-FF773





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!

Position Summary:

  • Director level workout professional with broad experience in managing a portfolio of adversely classified loans, with a focus on maximizing recovery and minimizing losses.
  • Significant experience (at least 8 years) of managing adversely classified loans.
  • Actively participate and lead such key processes (if requested) as Impairments, PAR, Key Credit Metrics and Watch and Worse for assigned portfolio.
  • Operate as a senior member of the CLW Sponsor & Specialty team.
  • Mentor junior colleagues and act as a Subject Matter Expert relative to working out adversely classified loans.


  • Manage a portfolio of Leveraged Sponsor Loans and that have been classified and transferred to Commercial Loan Workout.  Act as resource/Subject Matter Expert for other team members.
  • Evaluate credit file information and develop plan for resolution of loans to minimize exposure for the Bank.
  • Execute approved strategies in a timely manner, assessing success and revising proactively as needed during the workout process. 
  • Follow bank policies to identify deteriorating credits, non-performing loans, prepare impairment analysis, recommend write downs and report to senior management on a timely basis.  Participate in quarterly portfolio reviews and watch list reviews.
  • Coordinates with inside/outside legal counsel to protect Bank’s security and collateral; negotiate waivers and forbearance agreements; and document transaction restructurings in conjunction with approved workout strategy.
  • Work effectively with internal partners and outside advisors as part of individual workout situations.
  • Maintain complete, accurate and current electronic loan files for all assigned loans.
  • Perform other duties as required and directed by the Senior Managing Director Business Banking/CLW.

Education and Experience:

  • Knowledge of commercial lending practices, including loan structure, covenant and risk mitigates.
  • Ability to work independently and determine appropriate prioritization aligned with organization goals.
  • Sound judgment & analytical skills with self-maintained focus.
  • Exceptional verbal and written communication skills with ability to interact using tact and diplomacy.
  • Excellent organization / time management skills.
  • Function effectively in a small team, recognizing all members are vital to the organization’s success.
  • College Degree Preferred.
  • Minimum 8 years’ experience in commercial lending or workouts.




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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