VP, Sponsor Finance, General Industries

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!
Webster Bank -Leveraged Finance Vice President
Position Summary
As a Vice President in Webster Bank's Sponsor Finance team, you will be responsible for all aspects of underwriting new cash flow transactions and portfolio management activities for the General Industries team. This position includes all aspects of the underwriting process such as performing due diligence and preparing internal credit approval documents, as well as portfolio management responsibilities including completion of required portfolio reviews and processing of incremental credit extensions. Potential candidates at this level are typically building upon the skills required to manage leveraged loan transactions under minimal supervision. You will be a meaningful contributor and assume increasing levels of responsibility that encompasses underwriting, portfolio management, origination, and communicating with key stakeholders. Position is hybrid and would be located in either Stamford, CT, New York, NY, or Boston, MA.
Responsibilities
Key responsibilities include: (i) spearheading the due diligence process for new cash flow transactions, inclusive of financial due diligence and leading diligence calls, (ii) preparing pre-screen memos and credit approval documents for presentation to credit committee, (iii) reviewing legal documentation including credit agreements & amendments, (iv) preparing and/or reviewing financial models, (v) organizing and managing the closing process on new transactions, and (vi) management and ongoing monitoring of portfolio accounts. Throughout this process, Vice President will mentor junior deal team members and interact with multiple stakeholders including senior business development officers, deal underwriters, senior credit officers, capital markets professionals, private equity sponsors, company management, as well as legal counsel and operations personnel.
Required Qualifications:

• Bachelors Degree in Business, Finance, Accounting, Economics, or equivalent work experience.
• 6-9 years' experience in leveraged finance at a commercial or investment bank with strong commercial credit experience.
• Superior written and verbal communication skills.
• Strong analytical skills and proficiency with financial statement modeling.
• Experience underwriting middle market cash flow transactions.
• Ability to work in a fast-paced environment with little to no supervision.

Desired Qualifications:

• MBA considered a plus, but not required.
• Graduate of a formalized credit training program is preferred.

Webster Bank Overview
Webster Financial Corporation is the holding company for Webster Bank, National Association. With over $65 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through commercial banking hubs and banking centers in markets including New York City, Stamford, Hartford, and Boston. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. Webster Bank is a member of the FDIC and an equal housing lender.
Business Unit Overview
Webster Sponsor Finance provides senior secured commercial loans to middle-market companies, typically backed by private equity capital. Our loans are used by clients to facilitate acquisitions, fund working capital, finance growth/capital expenditures, and restructurings. This position will focus on general commercial industries, but the Sponsor Finance team also has dedicated specialty lending verticals that cover healthcare, technology & infrastructure, media & business services, and aerospace & defense. We are headquartered in Boston, MA and have offices in Stamford, CT and New York, NY.
The estimated salary range for this position is $150,000 USD to $200,000 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.