Associate, Sponsor and Specialty Finance, Technology & Infrastructure ("T&I") Group at Webster Bank in Boston, Massachusetts

Job Description:

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!



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


• 3-5 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. Apply Now