Senior Portfolio Manager, Lender Finance at Webster Bank

You are a seasoned banking professional with 7 to 10 years of experience and a bachelor’s degree in a business-related field. You bring specialized expertise in

Work type: onsite

Location: NY 360 Lexington Ave

Salary: $175,000 – $185,000/yr

Type: Full-time

Summary

You are a seasoned banking professional with 7 to 10 years of experience and a bachelor’s degree in a business-related field. You bring specialized expertise in managing lender finance credit facilities and analyzing complex borrowing base reports. **What makes it worth a look...** Webster Bank is hiring for this full-time role at their 360 Lexington Ave office in New York, offering a salary between $175,000 and $185,000 per year plus incentive compensation. This is a senior-level position for someone looking to handle high-level credit administration and lead agented transactions within a established commercial banking environment. **You might be a good fit if you...** * Have experience monitoring lender finance credit facilities and analyzing collateral performance. * Are comfortable reviewing and executing legal documentation for amendments and waivers. * Possess advanced proficiency in Excel and financial modeling. * Have completed a formalized credit training program at a financial institution.

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!

Portfolio Manager Job DescriptionMajor Duties & Responsibilities

Portfolio Management:

• Monitor assigned portfolio of lender finance credit facilities focusing on borrower's financial performance via a variety of borrowing base (“BB”) and other financial reports, including lead agented LF transactions for accuracy and completeness, while addressing any deficiency in the BBs.  


• Monitoring and analyzing performance of underlying collateral assets supporting BBs.


• Establishing and maintaining monthly/quarterly reporting and covenant ticklers post-closing, upon review of legal documentation.


• Review monthly and quarterly BB’s and compliance certificates to ensure accuracy and completion.


• Participate in annual or other interim lender update/ due diligence calls related to assigned credits.


• Maintain borrower credit files and credit administration on Bank’s platform.


• Ensure appropriate borrower risk rating for assigned credits.


• Preparing internal portfolio review memos to senior credit executives including quarterly dashboards and annual reviews as well as assisting on internal and external audit reviews.


• Preparing and executing all amendments/waivers for existing borrowers including review of legal documentation.


• Work on projects related to improvement of the Group’s portfolio management/monitoring process as needed.

You have:

• A BS/BA, preferably in Business, Finance, Accounting, Economics, or a related business field.


• 7-10 years of work experience in a Finance/Banking-related position.


• Strong analytical skills and proficiency with financial statements and models.


• Ability to work well with others and on teams.


• Ability to work in a fast-paced environment. 


• Superior written and verbal communication skills.


• Highly Proficient in Microsoft Office, including Excel, Word, and PowerPoint.

• Portfolio management experience at an investment bank or other financial institution.


• Middle market leveraged loan experience.


• Have experience working for an institution that has been a Lead agent in lending transactions


• Financial modeling experience.


• Graduate of a formalized credit training program.

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.

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