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!

Job Description

LFG is a specialized team of dedicated investment professionals dedicated to lending to these private credit funds and other NBFI’s and is well known in this growing marketplace. It has been in place for over 9 years and has a significantly large portfolio and is well known within the Lender Finance marketplace. Its senior members each have over 30 years of experience in this market and close relationships with targeted asset managers. The LFG is a hard-working, performance-based environment that prides itself on a tight knit team-oriented group who work very well together in an extremely collaborative way. The Lender Finance portfolio at Webster has grown year over year to over $3 billion in commitments at the end of 2024 and is a well know instrumental player within its marketplace.  As such, LFG has also continued to add to its headcount to maintain adequate supervision over such a portfolio. As a Senior Associate Portfolio Manager within the LFG, you will be given the unique opportunity to work with a variety of professionals who have diverse backgrounds and varying industry expertise, while being exposed to a variety of complex financing structures and state of the art financing technologies in one of the largest (and fastest growing) product categories within commercial banking.

Additionally, you will be given the opportunity to interact with the bank’s credit officials, clients, and other industry partners (e.g., law firms, accounting firms, industry experts, etc.). Overall, you will be an integral member of the deal team that is responsible for post-closing portfolio management.

Major Duties & Responsibilities

Portfolio Management:

Monitor of Lender Finance credits focusing on structural and asset level analysis. 

Review monthly and quarterly collateral and financial information, borrowing bases and compliance certificates to ensure accuracy and completion.

Directly engage with other agent and syndicate bank PM groups.

Listen to annual or other interim lender update calls and ask questions, when appropriate.

Maintain borrower credit files.

Prepare internal portfolio quarterly and annual credit review memos to senior credit executives and ensuring appropriate borrower risk rating.

Assist on internal and external audit reviews.

Prepare internal credit approval documents for presentation to credit committee.

Reviewing legal documentation including credit agreements & related waivers/amendments and organizing and coordinating the closing process on such waivers and amendments.

Required Qualifications:

Bachelor's Degree in Business, Finance, Accounting, Economics, or equivalent work experience.

3-5 years’ experience at a commercial or investment bank with strong commercial credit experience. Lender Finance experience a plus.

Superior written and verbal communication skills.

Strong analytical skills and proficiency with spreadsheet modeling.

Ability to work well with others and on teams.

Ability to work in a fast-paced environment. 

Ability to work in a fast-paced environment with little to no supervision.

The estimated salary range for this position is $120,000 USD to $135,000 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.

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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.