Webster Bank group
and how to change your settings.Manager Commercial Loan Workout page is loaded## Manager Commercial Loan Workoutlocations:
CT Stamford HQtime type:
Full timeposted on:
Posted Yesterdayjob requisition id:
R25\_0000001329If 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 Summary:**Manager level workout professional with broad experience in managing a portfolio of adversely classified loans, with a focus on maximizing recovery and minimizing losses.
Actively participate and lead such key processes (if requested) as Impairments, PAR, Key Credit Metrics and Watch and Worse for assigned portfolio.
**Knowledge of CRE and MM loan structures.****Key Responsibilities*** Assist in the management of a portfolio of workout loans.
Structures would include cash flow, CRE collateralized loans.* Evaluate credit file information and develop plan for resolution of loans to minimize exposure for the Bank.* Execute approved strategies in a timely manner, assessing success and revising proactively as needed during the workout process.* Follow bank policies to identify deteriorating credits, non-performing loans, prepare impairment analysis, recommend write downs and report to senior management on a timely basis.
Participate in quarterly portfolio reviews and watch list reviews.* Coordinates with inside/outside legal counsel to protect Bank’s security and collateral; negotiate waivers and forbearance agreements; and document transaction restructurings in conjunction with approved workout strategy.* Work effectively with internal partners and outside advisors as part of individual workout situations.* Maintain complete, accurate and current electronic loan files for all assigned loans.* Perform other duties as required and directed by the Senior Managing Director/CLW.**Experience*** Knowledge of commercial lending practices, including loan structure, covenant and risk mitigate.* Knowledge of various loan structures, including cash flow, ABL, Equipment Finance and CRE.* Ability to work independently and determine appropriate prioritization aligned with organization goals.* Sound judgment & analytical skills with self-maintained focus.* Exceptional verbal and written communication skills with ability to interact using tact and diplomacy.* Excellent organization / time management skills.* Function effectively in a small team, recognizing all members are vital to the organization’s success.* College Degree Preferred* Minimum 4 years’ experience in commercial lending or workouts.The estimated salary range for this position is $104,00USD to $110,000USD. 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-BY1#LI-HYBRIDAll 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. #J-18808-Ljbffr
CT Stamford HQtime type:
Full timeposted on:
Posted Yesterdayjob requisition id:
R25\_0000001329If 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 Summary:**Manager level workout professional with broad experience in managing a portfolio of adversely classified loans, with a focus on maximizing recovery and minimizing losses.
Actively participate and lead such key processes (if requested) as Impairments, PAR, Key Credit Metrics and Watch and Worse for assigned portfolio.
**Knowledge of CRE and MM loan structures.****Key Responsibilities*** Assist in the management of a portfolio of workout loans.
Structures would include cash flow, CRE collateralized loans.* Evaluate credit file information and develop plan for resolution of loans to minimize exposure for the Bank.* Execute approved strategies in a timely manner, assessing success and revising proactively as needed during the workout process.* Follow bank policies to identify deteriorating credits, non-performing loans, prepare impairment analysis, recommend write downs and report to senior management on a timely basis.
Participate in quarterly portfolio reviews and watch list reviews.* Coordinates with inside/outside legal counsel to protect Bank’s security and collateral; negotiate waivers and forbearance agreements; and document transaction restructurings in conjunction with approved workout strategy.* Work effectively with internal partners and outside advisors as part of individual workout situations.* Maintain complete, accurate and current electronic loan files for all assigned loans.* Perform other duties as required and directed by the Senior Managing Director/CLW.**Experience*** Knowledge of commercial lending practices, including loan structure, covenant and risk mitigate.* Knowledge of various loan structures, including cash flow, ABL, Equipment Finance and CRE.* Ability to work independently and determine appropriate prioritization aligned with organization goals.* Sound judgment & analytical skills with self-maintained focus.* Exceptional verbal and written communication skills with ability to interact using tact and diplomacy.* Excellent organization / time management skills.* Function effectively in a small team, recognizing all members are vital to the organization’s success.* College Degree Preferred* Minimum 4 years’ experience in commercial lending or workouts.The estimated salary range for this position is $104,00USD to $110,000USD. 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-BY1#LI-HYBRIDAll 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. #J-18808-Ljbffr