What are the responsibilities and job description for the Portfolio Analyst, Sponsor Finance position at Webster Bank?
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 Portfolio Analyst within LFG, you will be given the unique opportunity to work with a variety o0f 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 not only within commercial banking but in financial services as a whole.
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 which is responsible for the entire deal process from loan origination to post-closing portfolio management.
Major Duties & Responsibilities
Portfolio Management:
Review monthly and quarterly collateral and financial information, borrowing bases and compliance certificates to ensure accuracy and completion.
Maintain borrower credit files.
Assist senior Portfolio Managers (PM) in preparing internal portfolio quarterly and annual credit review memos to senior credit executives as well as assist on internal and external audit reviews.
Assist senior PM in preparing internal credit approval documents for presentation to credit committee.
Assist senior PM to execute all amendments/waivers for existing borrowers.
Work with senior PM group members to directly engage with other agent and syndicate bank PM groups.
Listen to annual or other interim lender update calls and ask questions, when appropriate.
Required Qualifications
You have:
Bachelor’s, preferably in Business, Finance, Accounting, Economics, or a related business field.
1-3 years of work experience in an Accounting/Finance/Banking-related position.
Strong analytical skills and proficiency with financial statements.
Ability to work well with others and on teams.
Ability to work in a fast-paced environment.
Superior written and verbal communication skills.
Proficient in Microsoft Office, including Word, Excel and PowerPoint.
Even better:
Industry experience at an investment bank or other institution.
Financial modeling experience.
Graduate of a formalized credit training program.
he estimated salary range for this position is $80,000 USD to $95,000 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.
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 Portfolio Analyst within LFG, you will be given the unique opportunity to work with a variety o0f 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 not only within commercial banking but in financial services as a whole.
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 which is responsible for the entire deal process from loan origination to post-closing portfolio management.
Major Duties & Responsibilities
Portfolio Management:
Review monthly and quarterly collateral and financial information, borrowing bases and compliance certificates to ensure accuracy and completion.
Maintain borrower credit files.
Assist senior Portfolio Managers (PM) in preparing internal portfolio quarterly and annual credit review memos to senior credit executives as well as assist on internal and external audit reviews.
Assist senior PM in preparing internal credit approval documents for presentation to credit committee.
Assist senior PM to execute all amendments/waivers for existing borrowers.
Work with senior PM group members to directly engage with other agent and syndicate bank PM groups.
Listen to annual or other interim lender update calls and ask questions, when appropriate.
Required Qualifications
You have:
Bachelor’s, preferably in Business, Finance, Accounting, Economics, or a related business field.
1-3 years of work experience in an Accounting/Finance/Banking-related position.
Strong analytical skills and proficiency with financial statements.
Ability to work well with others and on teams.
Ability to work in a fast-paced environment.
Superior written and verbal communication skills.
Proficient in Microsoft Office, including Word, Excel and PowerPoint.
Even better:
Industry experience at an investment bank or other institution.
Financial modeling experience.
Graduate of a formalized credit training program.
he estimated salary range for this position is $80,000 USD to $95,000 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-EM1
#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.
Salary : $3 - $95,000
