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!
Senior Portfolio Manager supporting asset based and senior secured cash flow credit facilities.
The Director, ABL Portfolio Management role will work within the Commercial Banking Middle Market division and will partner with portfolio and relationship managers to support the ongoing portfolio management of existing lending relationships. Responsibilities will include conducting underwriting due diligence, financial analysis of borrowers and guarantors, preparation of internal credit memos, presentation of underwriting diligence and portfolio management results to credit committee, monitoring covenant compliance, risk ratings and credit quality of the portfolio, and other activities in support of the region's overall goals. Throughout the process the Portfolio Manager will interact with multiple internal and external stakeholders, including credit professionals, capital markets, company management, investment bankers, legal counsel, and operations personal. The position will also have the opportunity to teach and mentor junior deal team members.
Major Duties and Responsibilities
Underwriting
- Lead underwriting due diligence and partner with relationship managers and junior deal team members to produce deal screen and underwriting documents
- Interface with clients and other stakeholders to facilitate underwriting process
- Detail debt financings and company financials utilizing Excel and Webster’s credit management platform, Sageworks
- Perform sensitivity analysis and modeling of projected cash flows
- Draft approval document narrative, thoroughly identify all risks and mitigating factors, document variances to policy/procedures, and assign accurate risk grade
- Responsible for presenting underwriting memos to credit committee
- Support legal documentation drafting and negotiations
- Facilitate loan closing process with commercial loan operations
Portfolio Management
- Review and maintain periodic financial statements, compliance certificates and borrowing base reports
- Engage with borrowers' CFOs (or similar position) to get qualitative updates on performance
- Ensure the timely completion of renewals, annual reviews, and interim analyses.
- Ensure borrower is assigned an appropriate risk rating
- Present internal portfolio review memos to senior credit executives at periodic meetings
- Execute all amendments/waivers for existing borrowers
- Maintain ticklers, covenants, and borrower credit files
- Maintain customer information and data integrity on bank systems
- Ensure compliance with all regulations, policies, and procedures
- Review collateral exam and inventory appraisals for the assigned portfolio
EDUCATION, EXERIENCE & SKILLS
- Education: Bachelor’s degree; courses in accounting and finance field preferred
- Experience: 10 years of prior professional experience or equivalent; professional experience in Accounting/Finance/Banking and credit-related position is preferred
- Excellent analytic skills and attention to detail
- Strong written and verbal communication skills
- Strong competency in Microsoft Office suite – including Excel and PowerPoint; experience with financial modeling is required
- Good interpersonal skills with the ability to interface with relationship managers, portfolio managers, credit officers, clients, and senior management
- The ability to answer unstructured business questions and work independently to drive tasks to completion
- Locations: New York; Hybrid schedule
The estimated salary range for this position is $175,000.00 to $185,000.00. 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-SJ1
Webster 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.
Skills Required
- Bachelor's degree (courses in accounting and finance preferred)
- 10 years of prior professional experience or equivalent
- Professional experience in Accounting, Finance, Banking, or credit-related roles
- Strong competency in Microsoft Office including Excel and PowerPoint
- Experience with financial modeling
- Experience with Webster's credit management platform, Sageworks
- Excellent analytical skills and attention to detail
- Strong written and verbal communication skills
- Ability to work independently, answer unstructured business questions, and drive tasks to completion
- Good interpersonal skills and ability to interface with relationship managers, credit officers, clients, and senior management
Webster Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Webster Bank and has not been reviewed or approved by Webster Bank.
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Leave & Time Off Breadth — PTO, holidays, and volunteer days are generous, with paid parental leave included to support time away needs. Flexibility such as hybrid/telecommuting options further strengthens time-off usability.
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Healthcare Strength — Health coverage spans medical, dental, and vision with HSA/FSA options, telemedicine, wellness incentives, health coaching, and an EAP. The offering is positioned as comprehensive within a broader Total Rewards framework.
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Retirement Support — Retirement programs include a company 401(k) match and an employee stock purchase plan. Financial education and employee banking discounts add to long‑term financial support.
Webster Bank Insights
What We Do
Webster is a leading commercial bank that delivers financial solutions to business, individuals, families and partners. With more than $60 billion in assets, we offer digital and traditional service delivery through our differentiated lines of business: Commercial Banking, Consumer Banking and HSA Bank, one of the country’s largest providers of employee benefits solutions. Webster Financial Corporation and its subsidiaries ("Webster") are equal opportunity and affirmative action employers M/F/D/V. 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. © 2021 Webster Financial Corporation. All rights reserved. Webster Bank, the Webster Bank logo and the W symbol are trademarks of Webster Financial Corporation and Registered in the U.S. Patent and Trademark Office.
