Webster Bank

Manager, Workout

CT Southington, USA

Sponsorship not specifiedDetected 25 days ago

CommunicationCollaborationTime Management

About the role

If you're looking for a meaningful career, you'll find it here at Webster.
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.

Manage a portfolio of workout loans. Structures would include cash flow, ABL and collateralized loans. 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.
and document transaction restructurings in conjunction with approved workout strategy.
Maintain complete, accurate and current electronic loan files for all assigned loans.
Coordinates with inside/outside legal counsel to protect Bank's security and collateral; negotiate waivers and forbearance agreements; and document transaction restructurings in conjunction with approved workout strategy.

Perform other duties as required and directed by the Senior Managing Director/CLW.

Knowledge of commercial lending practices, including loan structure, covenant and risk mitigates.
Knowledge of various loan structures, including cash flow, ABL, Equipment Finance and CRE.
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 organization's success.
College Degree Preferred

The estimated salary range for this position is $105,000USD to $120,000USD.
Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location.

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

Webster Financial Corporation and its subsidiaries ("Webster") are equal opportunity employers that are committed to sustaining an inclusive environment.

Operate under the guidance of senior members of the CLW Sponsor & Specialty/ABL team to execute workout strategies and resolve problem loans

This listing is sourced directly from Webster Bank's careers page and normalized into a canonical job model.