Associate, Sponsor and Specialty Finance, Technology & Infrastructure ("T&I") Group

Sterling National Bank

  • Boston, MA
  • $100,000-130,000 per year
  • Permanent
  • Full-time
  • 22 days ago
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!Major Duties & ResponsibilitiesNew Deal Underwritings:
  • Screen new deal opportunities and provide quick feedback to senior members of the T&I team
  • Lead all aspects of the new deal underwriting and diligence process, including:
  • Identifying all key risks
  • Reviewing data room materials and third-party reports
  • Leading diligence calls with sponsors, management, and other third-party firms (e.g., GLG)
  • Conducting other independent research
  • Mentor and oversee junior deal team members (Analysts & Associates) and their work, including the financial projection model
  • Manage internal approval process including ensuring (i) timely completion of internal investment committee approval write-ups and (ii) adherence to Webster’s internal underwriting policies and procedures
  • Lead investment committee approval meetings and answer all diligence related questions
  • Review and negotiate closing legal documents with the borrower and/or sponsor
  • Manage internal loan closing process (including KYC) to ensure a smooth and timely closing for all counterparties
Portfolio Management for ~10-15 Existing Borrowers:
  • Act as a key touchpoint for management and/or sponsor, including having quarterly update calls with CFOs to get more qualitative updates on borrower performance
  • Mentor junior team members (Analysts & Associates) on best practices for sound portfolio management. Ultimately, VPs are responsible for overseeing and ensuring:
  • Appropriate borrower risk ratings each quarter
  • Timely receipt of borrowers’ financials and accuracy of borrowers’ financial compliance certificates
  • Accurate entry of borrower financials and credit KPIs into the bank’s internal portfolio management software platform
  • Completion of quarterly, semi-annual and/or annual reviews
  • Proper maintenance of borrower credit files
  • Adherence to Webster's internal portfolio management policies and procedures
  • Provide a higher level of involvement/management on problem credits
  • Lead all upsizes/amendments/waivers for existing borrowers
QualificationsYou have:
  • A BS/BA, preferably in Business, Finance, Accounting, Economics, or a related business field
  • 3-5 years of work experience in an Accounting/Finance/Banking-related position (or a Master’s degree and 1-3 years)
  • Experience working in sponsor finance or on leveraged loan transactions
  • The ability to answer unstructured business questions and work independently to drive tasks to completion
  • Strong analytical skills and proficiency with financial statements
  • Strong organizational skills
  • Ability to work well with others and on teams
  • Ability to work in a fast-paced environment
  • Superior written and verbal communication skills
  • Financial modeling experience
  • Proficiency in Microsoft Office, including Word, Excel and PowerPoint
  • Ability to travel
Even better:
  • Tech or infrastructure industry experience at an investment bank or other institution
  • Graduate of a formalized credit training program
  • CFA or CPA professional certifications
  • MBA
The estimated salary range for this position is $100,000 USD to $130,000 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.#LI-EM1#LI-HYBRIDAll qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Sterling National Bank