Webster Bank

Leveraged Finance Analyst

Webster Bank$100K — $115K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Business, Finance, Accounting, Economics, or related field.
  • 1-2 years experience in leveraged finance with a focus on commercial credit.
  • Strong written and verbal communication skills.
  • Proficient in financial statement modeling and analysis.
  • Experience underwriting middle market cash flow transactions.
  • Ability to operate effectively in a fast-paced environment with minimal supervision.
  • Formal credit training program completion is preferred but not mandatory.

Responsibilities

  • Assist in due diligence for new cash flow transactions, including financial and qualitative assessments.
  • Prepare pre-screen memos and credit approval documents for the credit committee.
  • Develop and maintain financial models relevant to transactions.
  • Support the closing process for new transactions.
  • Manage and monitor ongoing portfolio accounts.
  • Communicate with various stakeholders such as senior officers, credit underwriters, and private equity sponsors.
  • Engage with legal and operations teams during the transaction process.

Benefits

  • Hybrid work model with options to be based in Stamford, CT or New York, NY.
  • Opportunity for meaningful contributions and increased responsibilities within the role.
  • Engagement with a diverse range of stakeholders including senior financial professionals and management teams.
  • Potential for career growth within a specialized lending team focusing on diverse industries.
  • Incentives related to performance and contribution to team success.
Full Job Description
As an Analyst in Webster Bank’s Sponsor Finance Group, you will be responsible for underwriting new cash flow LBO & private equity backed transactions as well as 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. You will be a meaningful contributor and assume increasing levels of responsibility that encompasses underwriting, portfolio management, and communicating with key stakeholders. Position would be hybrid and based in either Stamford, CT or New York, NY. Responsibilities Key responsibilities include: (i) assisting the deal team in the due diligence process for new cash flow transactions, inclusive of both financial and qualitative due diligence, (ii) preparing pre-screen memos and credit approval documents for presentation to credit committee, (iii) preparing financial models, (iv) assisting in the closing process on new transactions, and (v) management and ongoing monitoring of portfolio accounts. Throughout this process, the Analyst will have the opportunity to interact with multiple stakeholders including senior origination officers, deal underwriters, senior credit officers, capital markets professionals, private equity sponsors, company management, as well as legal counsel and operations personnel. Required Qualifications: 3 Bachelor's Degree in Business, Finance, Accounting, Economics, or equivalent work experience. 3 1-2 years of experience in leveraged finance at a commercial bank, investment bank or finance company with strong commercial credit experience. 3 Superior written and verbal communication skills. 3 Strong analytical skills and proficiency with financial statement modeling. 3 Experience underwriting middle market cash flow transactions. 3 Ability to work in a fast-paced environment with limited supervision. 3 Graduate of a formalized credit training program is preferred but not required. Business Unit Overview Webster Bank 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, 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 $100,000.00 to $115,00.00. 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

About Webster Bank

Webster Bank is a regional bank that provides personal and business banking services to customers in Connecticut, Massachusetts, Rhode Island, and New York. The bank was founded in 1935 and is headquartered in Waterbury, Connecticut. Webster Bank has over 3,400 employees and operates over 150 branches. The bank offers a range of financial products and services, including checking and savings accounts, loans, mortgages, and investment services. Webster Bank is committed to supporting the communities it serves and has a strong focus on corporate social responsibility.
Learn more about Webster Bank
Size
3,245 employees
Market Cap
$8 billion
Industry
Net Income
$220.6 million
5 Year Trend
+2.8%
NASDAQ

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