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!
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!
At Webster Bank, our financial intermediation activities are organized broadly around three distinct lines of business: the Consumer Bank, the Commercial Bank, and HSA Bank. This position will be aligned with the Commercial Bank.
Commercial Banking delivers solutions to a wide range of companies, investors, government entities, and other public and private institutions. We help our clients achieve their business and financial goals through our deep expertise in Commercial & Institutional Lending, Commercial Real Estate, Capital Markets, Capital Finance and Treasury Management. Our Wealth Management team pairs holistic wealth solutions, including tailored lending, with commercial banking services, helping our clients achieve their financial goals.
The Director, Underwriting Leasing will contribute to a team that supports Equipment Finance. The group partners with relationship managers to support (i) underwriting new commercial loans and leases to finance the purchase of equipment and (ii) the ongoing portfolio management of existing lending relationships. The position will be a player/coach and will oversee the day-to-day managerial duties of the centralized team for direct lending as well as underwrite and manage transactions.
Responsibilities will include account level executing steps such as conducting underwriting due diligence, financial analysis of borrowers and guarantors, preparation of internal credit memos, monitoring covenant compliance, risk ratings and credit quality of the portfolio, as well as managerial responsibilities, including prioritizing and coordinating the activities of the division, supporting the completion of underwriting credit approval memos and periodic memos, and ensuring the team completes timely and accurate updates of clients’ financial data in Webster Bank’s credit systems of record.

EDUCATION, EXPERIENCE & SKILLS

• Education: Bachelor’s degree; courses in accounting and finance field preferred.
• Experience: 7-10years of prior professional experience or equivalent; professional experience in commercial banking underwriting and/or portfolio management related 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 PowerPoint.
• Good interpersonal skills with the ability to interface with relationship managers, portfolio managers, credit officers, clients, and senior management.
• Locations: Connecticut: Stamford; New York: Manhattan, White Plains, Jericho; New Jersey: Paramus; Option for hybrid schedule if deemed appropriate.
  The estimated base salary range for this position is $140,000 USD to $160,000 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.
  

  LI-RK1

• Lead underwriting due diligence, partner with relationship managers and high-quality credit approval documents. Documents will thoroughly review operating performance to prior year, assess current and expected financial condition, identify and analyze all risks and mitigating factors, identify variances to policy/procedures and assign accurate risk ratings with appropriate justifications.
• 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.
• Support credit approval discussions.