Portfolio Analyst, Sponsor & Specialty Finance
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:
Portfolio Management for ~10-15 Existing Borrowers:
• Monitor a borrower's financial performance trends and liquidity via the review and entry of monthly, quarterly, and annual financial statements into the bank's internal portfolio management software
• Review quarterly compliance certificates to ensure accuracy and completion
• Engage with borrower CFOs (or similar position) to get more qualitative updates on performance
• Listen to annual or other interim lender update calls and ask questions, when appropriate
• Maintain borrower credit files
• Ensure appropriate borrower risk rating
• Prepare internal quarterly, semi-annual and/or annual review memos
• Present internal portfolio review memos to senior credit executives at semi-annual review meetings
• Work with the underwriting deal team to execute all amendments/waivers for existing borrowers
New Deal Underwritings:
• In time and when appropriate, provide support on new deals in the following capacities:
• Shadow deal teams on new deal underwritings and taking detailed notes on all diligence calls
• Preparation of credit approval memos and modeling projected financial performance
• Become familiar with related deal credit documentation
Education, Experience & Skills
Required Qualifications:
• A BS/BA, preferably in Accounting, Finance, Economics, or Mathematics
• Prior internship or work experience in an Accounting/Finance/Banking-related position
• The ability to answer unstructured business questions and work independently to drive tasks to completion
• Strong analytical skills and proficiency with financial statements
• High level of attention to detail
• Ability to work well with others and on teams
• Ability to work in a fast-paced environment
• Superior written and verbal communication skills
• Proficient in Microsoft Office, including Word, Excel and PowerPoint
Other Desired/Beneficial Qualifications:
• Internship working on leveraged loan transactions
• Internship in the any of the BIS group's subsectors at an investment bank or other institution
• Financial modeling experience
The estimated salary range for this position is $80,000 USD to $95,000 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.
