Senior Portfolio Manager, Lender Finance
About The Position
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! Portfolio Manager Job Description Major Duties & Responsibilities
Requirements
- A BS/BA, preferably in Business, Finance, Accounting, Economics, or a related business field.
- 7-10 years of work experience in a Finance/Banking-related position.
- Strong analytical skills and proficiency with financial statements and models.
- Ability to work well with others and on teams.
- Ability to work in a fast-paced environment.
- Superior written and verbal communication skills.
- Highly Proficient in Microsoft Office, including Excel, Word, and PowerPoint.
Nice To Haves
- Portfolio management experience at an investment bank or other financial institution.
- Middle market leveraged loan experience.
- Have experience working for an institution that has been a Lead agent in lending transactions
- Financial modeling experience.
- Graduate of a formalized credit training program.
Responsibilities
- Monitor assigned portfolio of lender finance credit facilities focusing on borrower's financial performance via a variety of borrowing base (“BB”) and other financial reports, including lead agented LF transactions for accuracy and completeness, while addressing any deficiency in the BBs.
- Monitoring and analyzing performance of underlying collateral assets supporting BBs.
- Establishing and maintaining monthly/quarterly reporting and covenant ticklers post-closing, upon review of legal documentation.
- Review monthly and quarterly BB’s and compliance certificates to ensure accuracy and completion.
- Participate in annual or other interim lender update/ due diligence calls related to assigned credits.
- Maintain borrower credit files and credit administration on Bank’s platform.
- Ensure appropriate borrower risk rating for assigned credits.
- Preparing internal portfolio review memos to senior credit executives including quarterly dashboards and annual reviews as well as assisting on internal and external audit reviews.
- Preparing and executing all amendments/waivers for existing borrowers including review of legal documentation.
- Work on projects related to improvement of the Group’s portfolio management/monitoring process as needed.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
