Webster Bank group
Director, Underwriting Leasing page is loaded Director, Underwriting Leasing Apply locations CT Southington NY LI Jericho CT Waterbury 145 Bank St BC White Plains NY 360 Lexington Ave time type Full time posted on Posted 10 Days Ago job requisition id R25_0000001101 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. You Will Be Responsible For 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.
Portfolio Management Review, spread, and maintain periodic financial statements and compliance certificates.
Engage with borrowers' CFOs (or similar position) to get qualitative updates on performance.
Ensure the team completes renewals, annual reviews, and interim analyses on a timely basis.
Present internal portfolio review memos to senior credit executives at periodic meetings.
Monitor the portfolio's risk grades and ensure high risk credits are tracked with the required quarterly problem asset reports.
Ensure the timely completion and effective use of ticklers, covenants, document library, and other ancillary items maintained in Webster’s credit system of record.
Meet Credit Risk Review, Audit and OCC requirements for acceptable reviews.
Ensure compliance with all regulations, policies and procedures.
Other Generate new ideas and recommendations for continuous process improvement
Participate in special projects on an as-needed basis
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 #LI-HYBRID 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.
About Us
Being passionate about making a difference in people's lives is what working at Webster is all about. Since our founding in 1935, we've maintained a values-guided culture. Whether it’s helping someone buy their first home or build a business, you’ll be part of a caring team that goes above and beyond for our customers, communities and each other. Introduce Yourself
Not finding the right fit? Let us know you're interested in a future opportunity by clicking
Get Started
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by clicking 'Sign In' at the top of the page to set up email alerts as new job postings become available that meet your interest!
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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. You Will Be Responsible For 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.
Portfolio Management Review, spread, and maintain periodic financial statements and compliance certificates.
Engage with borrowers' CFOs (or similar position) to get qualitative updates on performance.
Ensure the team completes renewals, annual reviews, and interim analyses on a timely basis.
Present internal portfolio review memos to senior credit executives at periodic meetings.
Monitor the portfolio's risk grades and ensure high risk credits are tracked with the required quarterly problem asset reports.
Ensure the timely completion and effective use of ticklers, covenants, document library, and other ancillary items maintained in Webster’s credit system of record.
Meet Credit Risk Review, Audit and OCC requirements for acceptable reviews.
Ensure compliance with all regulations, policies and procedures.
Other Generate new ideas and recommendations for continuous process improvement
Participate in special projects on an as-needed basis
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 #LI-HYBRID 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.
About Us
Being passionate about making a difference in people's lives is what working at Webster is all about. Since our founding in 1935, we've maintained a values-guided culture. Whether it’s helping someone buy their first home or build a business, you’ll be part of a caring team that goes above and beyond for our customers, communities and each other. Introduce Yourself
Not finding the right fit? Let us know you're interested in a future opportunity by clicking
Get Started
below or
create an account
by clicking 'Sign In' at the top of the page to set up email alerts as new job postings become available that meet your interest!
#J-18808-Ljbffr