WebBank
WebBank
(the “Bank”) is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS), and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms. WebBank engages in a full range of banking activities, including consumer and commercial loan products, revolving lines of credit, credit cards, private‑label card issuance, auto‑refinancing, and more. The Bank provides capital in the form of asset‑backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary, National Partners.
Job Summary As a Credit & Counterparty Risk Analyst, you will work closely with the Bank’s Executive Management, Strategic Partners, Credit Risk, Due Diligence and Implementation, Lender Finance, and Partner Finance teams, reporting to the Credit & Counterparty Risk Manager. The position will be primarily responsible for the financial analysis and risk assessment of the Bank’s Strategic Partners (SPs) and Lender Finance Credit Administration.
Primary Responsibilities
Partner with senior executives at our SPs to develop a comprehensive view of business performance and financial reporting, with emphasis on cash flow, funding strategy, and capital markets activity, and translate these insights into forward‑looking risk assessments used across multiple levels of the Bank
Conduct initial and ongoing due diligence for prospective SPs, including negotiating and testing financial covenants
Support Lender Finance and Partner Finance with Credit Admin review of underwriting and assist with loan documentation
Assist in the review and coordination of legal documentation with internal and external counsel
Actively monitor covenants, borrowing base reports, and approve draw requests for ABLs
Assist in conducting independent loan reviews for ABLs and other commercial credits, including recommendations for risk ratings
Assess the overall financial condition of the SPs assigned to you, based on an evaluation of the company’s financial statements, credit facility documentation, and interactions with company senior management
Work collaboratively to ensure compliance with the Bank’s internal credit policies
Assist in the Bank’s capital stress test and capital analysis
Company Perks
Paid Time Off (PTO) – Generous paid time off plus paid parental leave
Health insurance – Plans include an employer‑paid medical option, dental and vision coverage, plus health savings accounts
401(k) – WebBank matches up to the first 6 percent of employee contributions and both the employee’s contributions and WebBank’s match are fully vested immediately
Life and Disability Insurance – Life insurance and long and short‑term disability insurance plans are 100% employer‑paid
Tuition Reimbursement – WebBank provides reimbursement for classes needed to obtain certain degrees, up to $5,250 per academic year
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(the “Bank”) is a Utah chartered Industrial Bank headquartered in Salt Lake City, Utah. As “The Bank Behind the Brand®”, WebBank is a national issuer of consumer and small business credit products through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies, software as a service (SaaS), and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through embedded finance with Strategic Partner platforms. WebBank engages in a full range of banking activities, including consumer and commercial loan products, revolving lines of credit, credit cards, private‑label card issuance, auto‑refinancing, and more. The Bank provides capital in the form of asset‑backed lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The Bank is also a leading provider of commercial insurance premium finance products through its wholly owned subsidiary, National Partners.
Job Summary As a Credit & Counterparty Risk Analyst, you will work closely with the Bank’s Executive Management, Strategic Partners, Credit Risk, Due Diligence and Implementation, Lender Finance, and Partner Finance teams, reporting to the Credit & Counterparty Risk Manager. The position will be primarily responsible for the financial analysis and risk assessment of the Bank’s Strategic Partners (SPs) and Lender Finance Credit Administration.
Primary Responsibilities
Partner with senior executives at our SPs to develop a comprehensive view of business performance and financial reporting, with emphasis on cash flow, funding strategy, and capital markets activity, and translate these insights into forward‑looking risk assessments used across multiple levels of the Bank
Conduct initial and ongoing due diligence for prospective SPs, including negotiating and testing financial covenants
Support Lender Finance and Partner Finance with Credit Admin review of underwriting and assist with loan documentation
Assist in the review and coordination of legal documentation with internal and external counsel
Actively monitor covenants, borrowing base reports, and approve draw requests for ABLs
Assist in conducting independent loan reviews for ABLs and other commercial credits, including recommendations for risk ratings
Assess the overall financial condition of the SPs assigned to you, based on an evaluation of the company’s financial statements, credit facility documentation, and interactions with company senior management
Work collaboratively to ensure compliance with the Bank’s internal credit policies
Assist in the Bank’s capital stress test and capital analysis
Company Perks
Paid Time Off (PTO) – Generous paid time off plus paid parental leave
Health insurance – Plans include an employer‑paid medical option, dental and vision coverage, plus health savings accounts
401(k) – WebBank matches up to the first 6 percent of employee contributions and both the employee’s contributions and WebBank’s match are fully vested immediately
Life and Disability Insurance – Life insurance and long and short‑term disability insurance plans are 100% employer‑paid
Tuition Reimbursement – WebBank provides reimbursement for classes needed to obtain certain degrees, up to $5,250 per academic year
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