Director, Portfolio Management – Commercial Banking Middle Market
Webster Bank
full-time
Posted on:
Location Type: Office
Location: New York City • New York • United States
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Salary
💰 $150,000 - $155,000 per year
Job Level
About the role
- Underwriting lead underwriting due diligence and partner with relationship managers to produce deal screen and underwriting documents
- Interface with clients and other stakeholders to facilitate underwriting process
- Detail debt financings and company financials utilizing Excel and Webster’s credit management platform, Sageworks
- Draft approval document narrative, thoroughly identify all risks and mitigating factors, document variances to policy/procedures, and assign accurate risk grade
- Responsible for presenting underwriting memos to credit committee
- Support legal documentation drafting and negotiations
- Facilitate loan closing process with commercial loan operations
- Review, spread, and maintain periodic financial statements, compliance certificates and borrowing base reports
- Engage with borrowers' CFOs (or similar position) to get qualitative updates on performance
- Ensure the timely completion of renewals, annual reviews, and interim analyses
- Ensure borrower is assigned an appropriate risk rating
- Present internal portfolio review memos to senior credit executives at periodic meetings
- Execute all amendments/waivers for existing borrowers
- Maintain ticklers, covenants, and borrower credit files
- Maintain customer information and data integrity on bank systems
- Ensure compliance with all regulations, policies, and procedures
- Generate new ideas and recommendations for continuous process improvement
- Represent Webster Bank as a brand ambassador at business and charitable events
- Participate in special projects on an as-needed basis.
Requirements
- Bachelor’s degree
- 7-10 years of prior professional experience or equivalent
- Professional experience in a banking credit management position is preferred
- Excellent analytic skills and attention to detail
- Strong written and verbal communication skills
- Strong competency in Microsoft Office suite – including Excel and Word; experience with financial modeling is required
- Good interpersonal skills with the ability to interface with relationship managers, portfolio managers, credit officers, clients, and senior management
- The ability to answer unstructured business questions and work independently to drive tasks to completion.
Benefits
- Incentive compensation
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
underwritingfinancial modelingrisk assessmentcredit analysisdata analysisfinancial statement reviewcompliance managementloan closingdocument draftingprocess improvement
Soft Skills
analytical skillsattention to detailwritten communicationverbal communicationinterpersonal skillsindependent workproblem-solvingpresentation skillsstakeholder engagementteam collaboration
Certifications
Bachelor's degree