Director – Portfolio Manager

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!

Oversight and management of a complex commercial real estate loan portfolio.  The position is responsible for managing all aspects of the portfolio including, underwriting, risk management, customer service, compliance, and data integrity.

Responsibilities:

• Maintain integrity of a large portfolio of complex investment commercial real estate loans ensuring credit quality and soundness of risk ratings, adherence with compliance / policy, and maintenance of relevant data / systems
• Ensure timely completion of renewals, modifications, and annual reviews for assigned relationships. This includes evaluation of risk ratings, collateral performance and valuation, maintenance of timely receipt of customer financial reporting, accurate testing of financial covenants and loan structure and pricing
• Ensure loan documents are consistent with the credit approval document.  Ensure loan is managed in accordance with the loan documents
• Underwrite and close loan modifications and renewals, and in some instances negotiate deal terms.  Perform all aspects of financial / credit analysis and underwriting as well as completion of the credit approval document
• Analyze, review, and approve lease proposals; perform tenant analysis as well
• Preparation and presentation of quarterly problem asset reports
• Provide training, oversight, and guidance to more junior colleagues
• Develop and implement strategies for loans within the assigned portfolio
• Assist with various internal and external audits of assigned portfolio
• Manage assigned construction loans including draw process
• Monitor cash flow sweeps and escrows, and process escrow disbursements
• Partner with Relationship Managers to manage customer relationships
• Provide customer service, participate in joint sales calls with Relationship Managers

Education, Experience & Skills:

• Bachelor’s degree in relevant field required; MBE preferred
• Minimum of 7+ years of work experience in commercial real estate
• Strong analytical and credit skills
• Strong oral and written communication skills
• Strong business acumen with ability to drive change
• Ability to multitask
• Ability to train more junior colleagues
• Proficient at Microsoft Excel

The estimated salary range for this position is $130,000 USD to $140,000 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.

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All 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.