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 liquidityReview quarterly compliance certificates to ensure they are being completed accurately by the borrowerCommunicate with the borrower's CFO (or similar position) to get more qualitative updates on performanceListen to annual or other interim lender update calls and ask questions, when appropriateEnsure appropriate borrower risk rating and process internal ratings upgrades/downgrades when appropriateMaintain borrower credit filesEnter borrower's quarterly financial data and covenant compliance into Baker HillPrepare internal quarterly, semi-annual and/or annual review memosPresent internal portfolio review memos to senior credit executives at semi-annual review meetingsWork with original underwriting deal team to prepare and execute all amendments/waivers for existing borrowersAssociates will typically maintain a more complex portfolio of borrower accounts, including transactions where Webster is the Agent of a syndicated bank groupNew Deal Underwritings:Support lead underwriter on deal diligenceReview data room materials and all third party reportsBuild the projection modelHelp to prepare internal credit approval memosManage loan closing processEducation, Experience & Skills Required Qualifications:Bachelor's Degree, preferably in Business, Finance, Accounting, Economics, or equivalent related work experience3-5 years of work experience in an Accounting/Finance/Banking-related positionStrong analytical skills and proficiency with financial statementsHigh level of attention to detailAbility to work well with others and on teamsAbility to work in a fast-paced environmentSuperior written and verbal communication skillsProficient in Microsoft Office, including Word, Excel and PowerPoint Other Desired/Beneficial Qualifications:Experience working on leveraged loan transactionsSponsor industry experience at an investment bank or other institutionGraduate of a formalized credit training programReceived or is in the process of achieving either the CFA or CPA professional certificationsMBAThe 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.#LI-SJ1Webster 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.SummaryLocation: MA Boston; CW ONLY CT Hartford ITType: Full time