Job Description

Overview

Join to apply for the Managing Director Loan Workout role at Webster Bank .

Responsibilities

• Manage a portfolio of Leveraged Sponsor Loans and/or ABL loans that have been classified and transferred to Commercial Loan Workout. Act as resource/Subject Matter Expert for other team members.


• Evaluate credit file information and develop plan for resolution of loans to minimize exposure for the Bank.


• Execute approved strategies in a timely manner, assessing success and revising proactively as needed during the workout process.


• Follow bank policies to identify deteriorating credits, non-performing loans, prepare impairment analysis, recommend write downs and report to senior management on a timely basis. Participate in quarterly portfolio reviews, watch list reviews and impairment meetings.


• Coordinates with inside/outside legal counsel to protect Banks security and collateral; negotiate waivers and forbearance agreements; and document transaction restructurings in conjunction with approved workout strategy.


• Work effectively with internal partners and outside advisors as part of individual workout situations.


• Maintain complete, accurate and current electronic loan files for all assigned loans.


• Perform other duties as required and directed by the Senior Managing Director Sponsor & Specialty/CLW.

Qualifications

• Knowledge of commercial lending practices, including loan structure, covenants and risk mitigants.


• Ability to work independently and determine appropriate prioritization aligned with organization goals.


• Sound judgment & analytical skills with self-maintained focus.


• Exceptional verbal and written communication skills with ability to interact using tact and diplomacy.


• Excellent organization / time management skills.


• Function effectively in a small team, recognizing all members are vital to the organizations success.


• College Degree Preferred


• Minimum 10 years experience in commercial lending or workouts.

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.

Seniority

• Director

Employment type

• Full-time

Job function

• Business Development and Sales

Industries

• Banking

Job Tags

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