Senior Associate, Aerospace, Defense and Environmental

Senior Associate Position Summary

Manage a portfolio of approximately 10-15 existing borrower accounts and help lead new deal underwriting process. Additionally, mentor junior deal team members (e.g., Interns, Analysts and Associates) where appropriate.

Major Duties & Responsibilities

• Portfolio Management for Existing Borrowers:
• Review and analyze monthly, quarterly, and annual financial statements in order to monitor the borrower's financial performance trends and liquidity
• Review quarterly compliance certificates to ensure they are being completed accurately by the borrower
• Communicate with the borrower's CFO (or similar position) to get more qualitative updates on performance
• Listen to annual or other interim lender update calls and ask questions, when appropriate
• Ensure appropriate borrower risk rating and process internal ratings upgrades/downgrades when appropriate
• Maintain borrower credit files
• Enter borrower's quarterly financial data and covenant compliance into Baker Hill
• 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 original underwriting deal team to prepare and execute all amendments/waivers for existing borrowers
• Associates will typically maintain a more complex portfolio of borrower accounts, including transactions where Webster is the Agent of a syndicated bank group
• New Deal Underwritings:
• Support lead underwriter on deal diligence
• Review data room materials and all third party reports
• Build the projection model
• Help to prepare internal credit approval memos
• Manage loan closing process

Required Qualifications

• Bachelor's Degree, preferably in Business, Finance, Accounting, Economics, or equivalent related work experience
• 3-5 years of work experience in an Accounting/Finance/Banking-related position
• 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

• Experience working on leveraged loan transactions
• Sponsor industry experience at an investment bank or other institution
• Graduate of a formalized credit training program
• Received or is in the process of achieving either the CFA or CPA professional certifications
• MBA

Pay

The estimated base salary range for this position is $120,000.00 to $138,000.00. 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.