Commercial Credit Analyst

This Is What You Will Do (Position Summary)

• Underwriting Support
• Underwriting due diligence
• Partner with senior portfolio and 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
• Perform sensitivity analysis and modeling of projected cash flows
• Aid in drafting approval document narrative, identifying risks and mitigating factors, documenting variances to policy/procedures, and assigning accurate risk grade
• Support approval discussions in credit committee
• Aid in legal documentation drafting and negotiations
• Facilitate loan closing process with commercial loan operations

You Will Be Responsible For (Major Duties and Responsibilities)

• Portfolio Management
• 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
• Support amendment/waiver execution 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

Other

• 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

You Will Need To Have (EDUCATION, EXERCISE & SKILLS)

• Education: Bachelor’s degree
• Experience: 2-4 years of prior professional experience or equivalent; professional experience in Accounting/Finance/Banking-related position is preferred
• Skills: 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 preferred, 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

Locations

• New York: Manhattan
• New Jersey: Paramus

Pay

The estimated salary range for this position is $95,000.00 to $105,000.00 USD annually. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location.

Schedule

This position is eligible for a hybrid schedule if deemed appropriate.