Senior Associate, Aerospace, Defense and Environmental

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 Associate Position Summary: Manage a portfolio of approximately 10-15 existing borrower accounts and help lead new deal underwriting process. Additionally, mentor junior deal team members (e.g., Interns, Analysts and Associates) where appropriate.

As a Senior Associate within the Aerospace and Defense group, you will be given the unique opportunity to work with many different professionals who have diverse backgrounds and varying industry expertise (a typical deal team includes an Associate, Vice President, and Managing Director). Additionally, you will be given the opportunity to interact with the bank’s senior credit officials, private equity Sponsors, company management, and other industry partners (e.g., law firms, accounting firms, industry experts, etc.). Overall, you will be an integral member of the deal team that is responsible for the complete deal process from loan origination through to post-closing portfolio management.

Major Duties & Responsibilities

Portfolio Management for Existing Borrowers:

• Review and analyze monthly, quarterly, and annual financial statements in order to monitor the borrower's financial performance trends and liquidity
• Review quarterly compliance certificates to ensure they are being completed accurately by the borrower
• Communicate with the borrower's CFO (or similar position) to get more qualitative updates on performance
• Listen to annual or other interim lender update calls and ask questions, when appropriate
• Ensure appropriate borrower risk rating and process internal ratings upgrades/downgrades when appropriate
• Maintain borrower credit files
• Enter borrower's quarterly financial data and covenant compliance into Baker Hill
• Prepare internal quarterly, semi-annual and/or annual review memos
• Present internal portfolio review memos to senior credit executives at semi-annual review meetings
• Work with original underwriting deal team to prepare and execute all amendments/waivers for existing borrowers
• Associates will typically maintain a more complex portfolio of borrower accounts, including transactions where Webster is the Agent of a syndicated bank group
  
  

New Deal Underwritings

• Support lead underwriter on deal diligence
• Review data room materials and all third party reports
• Build the projection model
• Help to prepare internal credit approval memos
• Manage loan closing process
  
  

Education, Experience & Skills

Required Qualifications:

• Bachelor's Degree, preferably in Business, Finance, Accounting, Economics, or equivalent related work experience
• 3-5 years of work experience in an Accounting/Finance/Banking-related position
• Strong analytical skills and proficiency with financial statements
• High level of attention to detail
• 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
  
  

Other Desired/Beneficial Qualifications

• Experience working on leveraged loan transactions
• Sponsor industry experience at an investment bank or other institution
• Graduate of a formalized credit training program
• Received or is in the process of achieving either the CFA or CPA professional certifications
• MBA
  
  

The estimated base salary range for this position is $120,000.00 to $138,000.00. 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.

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.