Manager – Underwriting Business Credit Center

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!

Job Summary:

Position is responsible for the underwriting and analysis of more complex and sophisticated new loan submissions greater than $500,000 serving Business Banking Customers with up to $25 million in revenues and total ICRE loan exposure up to $12,500,000.  The expectation of this position is to deliver a comprehensive, objective, and independent analysis providing a sound and properly structured recommendation within Bank Policies.

Responsibilities: 

• Prepare high quality. detailed credit approval documents that contain an in-depth analysis and an understanding and identification of credit issues and risks.

• Decision loan requests in accordance with the bank's policies and procedures.

• Consult with MD Underwriting BCC, Business Banker and MD of Government Guaranteed Lending (SBA) to recommend proper loan structuring that limits risk.

• Spread and interpret financial statements, tax returns and projections utilizing Sageworks software

• Provide an initial response to Business Banker within an established timeframe upon receipt and review of the completed loan submission package.

• Assist all partners (Closing, Portfolio and Operations) in the closing of Business Banking loans.

• Participate in projects that help improve and streamline the credit delivery process.

• Assist in the training and development of other Underwriters.

Education, Experience & Skills Set:

• Bachelor’s degree in a related field required.

• 8-12 years of experience in commercial loan underwriting.

• Strong PC, communication, and collaboration skills. 

• Working knowledge of SBA and Sageworks software preferred

• Ability to work well in pressure situations.

The estimated salary range for this position is $100,000USD to $130,000USD. 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.