Director Portfolio Management MMB

About the role

Founded in 1935, Webster is dedicated to putting people first, providing financial solutions to individuals, families, businesses, and communities. As a leading commercial bank, Webster remains committed to supporting its clients and contributing to its communities. Our core values—Integrity, Collaboration, Accountability, Agility, Respect, Excellence—are what set us apart.

Responsibilities

• Lead underwriting due diligence and partner with relationship managers and junior deal team members to produce deal screens and underwriting documents.
• Interface with clients and other stakeholders to facilitate the underwriting process.
• Detail debt financings and company financials using Excel and Webster’s credit management platform, Sageworks.
• Perform sensitivity analysis and modeling of projected cash flows.
• Draft approval document narratives, thoroughly identifying all risks and mitigating factors, documenting variances to policy/procedures, and assigning accurate risk grades.
• Present underwriting memos to credit committees.
• Support legal documentation drafting and negotiations.
• Facilitate loan closing processes with commercial loan operations.

Portfolio Management

• Review, spread, and maintain periodic financial statements, compliance certificates, and borrowing base reports.
• Engage with borrowers' CFOs (or similar positions) to get qualitative updates on performance.
• Listen to annual or other interim lender update calls and ask questions, when appropriate.
• Ensure timely completion of renewals, annual reviews, and interim analyses.
• Ensure borrowers are assigned appropriate risk ratings.
• 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.

Skills

• Excellent analytic skills and attention to detail.
• Strong written and verbal communication skills.
• Strong competency in Microsoft Office suite—especially Excel and PowerPoint.
• Experience with financial modeling is required.
• Good interpersonal skills with the ability to interface with various stakeholders.
• The ability to answer unstructured business questions and work independently to drive tasks to completion.

Qualifications

• Bachelor’s degree; courses in accounting and finance fields preferred.
• 4-7 years of professional experience or equivalent; experience in Accounting/Finance/Banking-related positions is preferred.

Benefits

Actual salary may vary based on job-related factors such as knowledge, skills, experience, and location. This position is eligible for incentive compensation.

Pay

The estimated salary range for this position is $140,000.00 to $175,000.00.

Schedule

This position offers a hybrid schedule.