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!

The Segment Credit Executive has oversight of all credit related matters supporting the assigned Equipment Finance ("EF") segment.  Primarily responsible for evaluating and decisioning requests for credit exposures related to new loan and lease originations as well as ongoing portfolio management requests within assigned credit authority.  The Credit Executive will interface with sales representatives from the EF unit as well as portfolio managers and analysts in support of the Line of Business goals in a manner consistent with the Webster Bank credit appetite.  The Credit Executive will also monitor portfolio asset quality with a focus on appropriate risk ratings.  The position reports to the Senior Credit Executive which the Credit Executive will keep apprised of developments in the assigned portfolio.

Key Responsibilities:

  • Serve as credit partner for all new business and portfolio activities in assigned EF segment within delegated credit authority.

  • Credit decisioning for all new and incremental credit exposure, as well as review and approval of other credit related activities (e.g., waivers, amendments, rating changes).

  • Conduct detailed review of posted credit materials prior to credit committee. Utilize delegated credit authority to provide approvals, declines or other conditional feedback (i.e., circumstances under which credit may support a transaction).

  • Ensure consistent application of and adherence to relevant credit policy.

  • Review and approve annual reviews, interim reviews and PAR documents as required per credit policy. 

  • On a quarterly basis, analyze exceptions and concentration levels relative to stated tolerance levels; provide narrative on quarter-over-quarter changes; formulate follow up action items if necessary.

  • Interface with other key constituents in the deal, credit and portfolio process, including Asset Management, Collections, Credit Reporting, Portfolio Analytics, Credit Policy, Credit Risk Review, and Commercial Loan Workout.

  • Participate in portfolio reviews, Watch & Worse, and PAR meetings.

  • Ensure risk rating accuracy.

  • Monitor and enforce accurate and consistent use of credit related systems (e.g., Sageworks).

Education, Experience and Skills:

  • Bachelor's degree in finance preferred

  • Prior experience with Equipment Finance credit decisioning highly desirable.

  • Strong analytical skills.

  • Strong communication skills.

  • Ability to collaborate with deal teams.

The estimated base salary range for this position is $185,000 USD to $210,000 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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