Director, Underwriter Leasing

divh2Webster Bank Director, Underwriting Leasing/h2pIf youre looking for a meaningful career, youll 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 Websters values, these set us apart as a bank and as an employer./ppCome join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!/ppThis position will be aligned with the Commercial Bank./ppCommercial 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./ppThe 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./ppResponsibilities 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 Banks credit systems of record./ppUnderwriting/pulliLead 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./liliInterface with clients and other stakeholders to facilitate underwriting process./liliDetail debt financings and company financials utilizing Excel and Websters credit management platform, Sageworks./liliSupport credit approval discussions./li/ulpPortfolio Management/pulliReview, spread, and maintain periodic financial statements and compliance certificates./liliEngage with borrowers CFOs (or similar position) to get qualitative updates on performance./liliEnsure the team completes renewals, annual reviews, and interim analyses on a timely basis./liliPresent internal portfolio review memos to senior credit executives at periodic meetings./liliMonitor the portfolios risk grades and ensure high risk credits are tracked with the required quarterly problem asset reports./liliEnsure the timely completion and effective use of ticklers, covenants, document library, and other ancillary items maintained in Websters credit system of record./liliMeet Credit Risk Review, Audit and OCC requirements for acceptable reviews./liliEnsure compliance with all regulations, policies and procedures./li/ulpOther/pulliGenerate new ideas and recommendations for continuous process improvement/liliParticipate in special projects on an as-needed basis/li/ulpYou will need to have (Education, Experience Skills)/pulliEducation: Bachelors degree; courses in accounting and finance field preferred./liliExperience: 7-10years of prior professional experience or equivalent; professional experience in commercial banking underwriting and/or portfolio management related position is preferred./liliExcellent analytic skills and attention to detail./liliStrong written and verbal communication skills./liliStrong competency in Microsoft Office suite including Excel and PowerPoint./liliGood interpersonal skills with the ability to interface with relationship managers, portfolio managers, credit officers, clients, and senior management./liliLocations: Connecticut: Stamford; New York: Manhattan, White Plains, Jericho; New Jersey: Paramus; Option for hybrid schedule if deemed appropriate./li/ulpThe 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./ppWebster Financial Corporation and its subsidiaries (Webster) are equal opportunity employers that are committed to sustaining an inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and/or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law./p/div