Ideal for an experienced banking professional with a bachelor’s degree and 7 to 10 years of experience in commercial credit. You should have a proven track reco
Work type: onsite
Location: CT Southington | CT Stamford HQ | NY LI Jericho
Salary: $145,000/yr
Type: Full-time
Ideal for an experienced banking professional with a bachelor’s degree and 7 to 10 years of experience in commercial credit. You should have a proven track record of managing both complex loan portfolios and high-performing teams within the financial services sector. **What makes it worth a look...** Webster Bank is offering $145,000 to $155,000 per year plus incentive compensation for this role based in Southington or Stamford, Connecticut, or Jericho, New York. This is an on-site, leadership-heavy position that provides direct ownership over a significant commercial and industrial loan portfolio. **You might be a good fit if you...** * Possess deep expertise in commercial credit risk analysis and covenant compliance. * Have completed a formal credit training program at a commercial bank. * Manage loan workouts and delinquency issues while collaborating with sales teams. * Understand complex investment real estate structures and documentation 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!
This position is responsible for managing an assigned group of commercial, industrial, and real estate loans in the Business Credit Center (BCC) portfolio. This director level position will have direct account ownership as well as the oversight of members of the BCC portfolio management team. Tasks include all functions related to maintaining internal credit and collateral monitoring protocols, which includes performing periodic credit file reviews, responding to customer inquiries, and managing end of term loan and line of credit maturities. This position requires significant customer contact (written, phone and in-person), and partners with a team of Relationship Managers to cross-sell new products and services to help deliver an industry-leading customer experience.
Key responsibilities for the role:
1. Maintain credit and collateral monitoring procedures for a portfolio of commercial loans within the Business Credit Center portfolio while maintaining compliance with bank policies. Responsible for detecting and escalating issues that may negatively affect portfolio quality.
2. Maintain detailed financial reporting ticklers to ensure timely receipt in compliance with loan documentation, with escalations to credit and line of business management as required.
3. Perform periodic reviews of customer credit profile and loan performance to include analysis of updated financial information, covenant compliance, and other documentation to support risk rating recommendations.
4. Responsible for minimizing portfolio delinquency by resolving loan payment discrepancies, which includes promptly addressing potential charge-offs in collaboration with the Commercial Loan Workout Team.
5. Primary point of contact for customer inquiries, which may include routine account administration, inquiries about new bank products, or loan document modification.
6. Identify revenue generation and cross-sell opportunities for existing customers and work closely with Relationship Management Sales team.
7. Manage loan modification and end of term maturities by obtaining updated credit information, preparing well documented recommendations, obtaining credit approval, and coordinating documentation requirements.
8. Provide direction, oversight, and training as necessary to a team of portfolio managers in their execution of the above tasks for their assigned portfolios. Expected to be a reliable point of contact for all reporting and account management activities within the assigned portfolio.
Responsible for the day-to-day management of the assigned portfolio team to include performance management, compliance training, facilitating personal growth objectives, and other activities to drive positive employee engagement.
Key skills/experience qualifications for the role:
1. Bachelor’s Degree required - Business, Finance, Accounting or Economics preferred
2. Minimum 7-10 years of related banking experience – Commercial credit experience required with the completion of a formal credit training program preferred.
3. Demonstrated ability to manage a team, based on subject matter expertise coupled with the ability to gain trust and motivate performance.
4. Strong credit skills required with the ability to quickly identify key risks, develop and document mitigating support, and making credit recommendations.
5. Familiarity with commercial & industrial as well as investment real estate markets and transaction structures.
6. Must be service oriented and possess strong interpersonal, organizational and communication skills.
7. Must be comfortable in customer contact situations including identifying and addressing potential problem loan workout situations.
8. Ability to independently prioritize workload and execute problem resolution strategies with minimal management support.
Ability to multi-task, prioritize work to meet deadlines and work both independently and within a team structure.
The estimated salary range for this position is $145,000USD to $155,000USD. 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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Webster Financial Corporation and its subsidiaries (“Webster”) are equal opportunity employers that are committed to sustaining an inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and/or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law.