Senior Associate, Sponsor Finance

7 days ago

Boston, United States Webster Bank Full time
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

A specialized team of ~20 dedicated investment professionals, the T&I group prides itself on maintaining an atmosphere that encourages teamwork, self-empowerment, and work/life balance. As a Senior Associate within the T&I group, you will be a critical member of the overall team, with primarily responsibilities including (i) leading the new deal underwriting, approval and loan closing processes for new borrowers; (ii) helping to manage a portfolio of 10-15 existing borrower accounts; and (iii) mentoring junior level team members (Analysts and Associates) on best practices in both underwriting and portfolio management. This role will allow you to interact with the bank's senior credit officers, capital markets group, private equity sponsors, company management, and other industry partners (e.g., law firms, accounting firms, industry experts, etc.). Additionally, there are periodic travel opportunities to meet with borrowers, sponsors, and for other industry related events (total travel of approximately 4-6x per year).

Major Duties & Responsibilities

New Deal Underwritings:
  • Screen new deal opportunities and provide quick feedback to senior members of the T&I team
  • Lead all aspects of the new deal underwriting and diligence process, including:
    • Identifying all key risks
    • Reviewing data room materials and third-party reports
    • Leading diligence calls with sponsors, management, and other third-party firms (e.g., GLG)
    • Conducting other independent research
    • Mentor and oversee junior deal team members (Analysts & Associates) and their work, including the financial projection model
    • Manage internal approval process including ensuring (i) timely completion of internal investment committee approval write-ups and (ii) adherence to Webster's internal underwriting policies and procedures
    • Lead investment committee approval meetings and answer all diligence related questions
    • Review and negotiate closing legal documents with the borrower and/or sponsor
    • Manage internal loan closing process (including KYC) to ensure a smooth and timely closing for all counterparties
      Portfolio Management for ~10-15 Existing Borrowers:
      • Act as a key touchpoint for management and/or sponsor, including having quarterly update calls with CFOs to get more qualitative updates on borrower performance
      • Mentor junior team members (Analysts & Associates) on best practices for sound portfolio management. Ultimately, VPs are responsible for overseeing and ensuring:
        • Appropriate borrower risk ratings each quarter
        • Timely receipt of borrowers' financials and accuracy of borrowers' financial compliance certificates
        • Accurate entry of borrower financials and credit KPIs into the bank's internal portfolio management software platform
        • Completion of quarterly, semi-annual and/or annual reviews
        • Proper maintenance of borrower credit files
        • Adherence to Webster's internal portfolio management policies and procedures
        • Provide a higher level of involvement/management on problem credits
        • Lead all upsizes/amendments/waivers for existing borrowers
          Qualifications

          You have:
          • A BS/BA, preferably in Business, Finance, Accounting, Economics, or a related business field
          • 5-7 years of work experience in an Accounting/Finance/Banking-related position (or a Master's degree and 1-3 years)
          • Experience working in sponsor finance or on leveraged loan transactions
          • The ability to answer unstructured business questions and work independently to drive tasks to completion
          • Strong analytical skills and proficiency with financial statements
          • Strong organizational skills
          • Ability to work well with others and on teams
          • Ability to work in a fast-paced environment
          • Superior written and verbal communication skills
          • Financial modeling experience
          • Proficiency in Microsoft Office, including Word, Excel and PowerPoint
          • Ability to travel
            Even better:
            • Tech or infrastructure industry experience at an investment bank or other institution
            • Graduate of a formalized credit training program
            • CFA or CPA professional certifications
            • MBA
              The estimated salary range for this position is $120,000 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.

              #LI-EM1

              #LI-HYBRID

              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.

  • Finance Associate

    2 months ago

    Boston, United States Atlantic Group Full time

    Finance Associate - Hybrid - Boston, MA The Firm is seeking a Finance Associate to join its growing finance team. Main responsibilities include financial reporting, trade execution, treasury (including compliance with multiple credit facilities), tax and special projects and close interaction with the Firm’s Investment and Investor Relations teams. The...

  • Finance Associate

    2 months ago

    Boston, United States Atlantic Group Full time

    Finance Associate - Hybrid - Boston, MA The Firm is seeking a Finance Associate to join its growing finance team. Main responsibilities include financial reporting, trade execution, treasury (including compliance with multiple credit facilities), tax and special projects and close interaction with the Firm’s Investment and Investor Relations teams. The...

  • Senior Associate Director of Research and Sponsored Programs

    1 week ago

    Boston, United States Simmons University Full time

    ABOUT SIMMONS Located in Boston’s historic Fenway area, Simmons has a strong tradition of empowering women and challenging traditional gender roles. Simmons University was one of the first higher education institutions to prepare women to become leaders and has evolved to become a university offering a women’s undergraduate program and graduate programs...

  • Senior Associate Director of Research and Sponsored Programs

    1 week ago

    Boston, United States Simmons University Full time

    ABOUT SIMMONS Located in Boston’s historic Fenway area, Simmons has a strong tradition of empowering women and challenging traditional gender roles. Simmons University was one of the first higher education institutions to prepare women to become leaders and has evolved to become a university offering a women’s undergraduate program and graduate programs...

  • Senior Manager, Grants and Finance

    2 months ago

    Boston, United States Third Sector New England Full time

    Overview TSNE (tsne.org) is working to build a more just, equitable society. We do this by providing capacity building services, consulting and training services, and operational support for hundreds of nonprofits, foundations, community-based groups, and others working for social change. We are partners and colleagues working collaboratively to support...

  • Sponsored Research Administrator

    3 months ago

    Boston, United States UMass Boston Full time

    General Summary:  Reporting to the Associate Director of ORSP Post Award Support Services, the Sponsored Research Administrator will coordinate all externally funded award actions (new awards, modifications and connected non-financial actions) to ensure consistent, compliant, and timely system setups and sponsor communications on behalf of the...

  • Senior Finance Associate-Real Estate

    3 weeks ago

    Boston, United States Selby Jennings Full time

    My client, a leading Private Investment Management firm is looking for a Senior Finance Associate focused in Real Estate to join their team! They are looking for a detail-oriented individual who can demonstrate a high degree of professionalism as well as self-motivation to thrive in this role on the Finance team!Responsibilities:Accounting and reporting any...

  • Associate, Impact Investments

    2 months ago

    Boston, Massachusetts, United States Social Finance Full time

    About UsSocial Finance is a national nonprofit and a registered investment advisor (SF Advisors, LLC). We work with the public, private, and social sectors to create partnerships and investments that measurably improve lives. Since our founding in 2011, we have mobilized over $350 million in new investments designed to help people and communities realize...

  • Corporate Finance Associate

    2 weeks ago

    Boston, Massachusetts, United States Stifel Financial Corp Full time

    Corporate Finance Associate Company: Stifel Financial Corp Position Overview: As a Corporate Finance Associate, you will engage in various financial projects and transactions, collaborating closely with senior bankers. Your role will be pivotal as you manage projects and ensure their successful execution. Key Responsibilities: Assist in multiple investment...

  • Senior Level Corporate

    3 months ago

    Boston, United States Carrie Rikon & Associates, LLC. Full time

    Job DescriptionJob DescriptionSenior Level Corporate & Finance Associate in Boston, MAJob requires five days a week on-site in Boston, MACompensation and Benefits:A competitive salary ranging from $370,000 to $415,000, commensurate with experience.Comprehensive benefits package.Key Qualifications:At least five years of experience in corporate transactional...

  • Debt Finance Associate

    7 days ago

    Boston, United States 5 Legal Full time

    Job DescriptionJob DescriptionAm Law top 10 and one of the world's most elite law firms seeks a highly qualified associate to join their Debt Finance group.The ideal candidate would have 1-6 years of experience in the structuring, documentation and negotiation of secured and unsecured financing transactions for both borrowers and lenders, including...

  • Finance Operations Associate

    1 week ago

    Boston, Massachusetts, United States Creative Financial Staffing Full time

    About the Role:Our client, a prominent service organization recognized for its exceptional performance, is seeking a Finance Associate to become a vital part of their team. The selected candidate will collaborate closely with the Director of Finance to establish and enhance the financial operations within the organization.Why Join Us?This investment firm has...

  • Corporate Finance Associate

    2 weeks ago

    Boston, Massachusetts, United States Stifel Financial Corp Full time

    Position OverviewAs an Investment Banking Associate at Stifel Financial Corp, you will engage in various investment projects and transactions, playing a pivotal role as the project manager while collaborating closely with senior bankers.Key ResponsibilitiesManage multiple investment initiatives and transactions.Collaborate with senior-level bankers to drive...

  • Senior Director, Environmental Justice Loan Program

    1 week ago

    Boston, United States Nonprofit Finance Fund Full time

    Senior Director, Environmental Justice Loan ProgramPosition Reports to: Vice President, FinancingLocation: This position is fully remote, however we have a preference for someone who resides in commutable distance to NFF’s New York office. Other fully remote locations near Los Angeles, Oakland, Philadelphia, or Boston will be considered.For over 40 years,...

  • Corporate Finance Associate

    2 weeks ago

    Boston, Massachusetts, United States Stifel Financial Corp Full time

    Position OverviewThe Investment Banking Associate role at Stifel Financial Corp involves engaging in various investment initiatives and transactions while collaborating closely with senior bankers. This position plays a critical role as the project manager, ensuring that all aspects of investment projects are executed efficiently.Key ResponsibilitiesManage...

  • Senior Manager, Grants and Finance

    4 weeks ago

    Boston, United States TSNE MissionWorks Full time

    OverviewTSNE (tsne.org) is working to build a more just, equitable society. We do this by providing capacity building services, consulting and training services, and operational support for nonprofits, foundations, community-based groups, and others working for social change. We are partners and colleagues working collaboratively to support areas critical...

  • Grants and Finance Associate

    2 weeks ago

    Boston, Massachusetts, United States TSNE Full time

    OverviewTSNE is dedicated to fostering a more just and equitable society. We achieve this by offering capacity-building services, consulting, training, and operational support to numerous nonprofits, foundations, community-based organizations, and others committed to social change.As partners and collaborators, we work together to enhance critical areas for...

  • Senior Director, Fiscal Sponsorship

    1 month ago

    Boston, United States Third Sector New England Full time

    Overview TSNE (tsne.org) is working to build to a more just, equitable society. We do this by providing capacity building services, consulting and training services, and operational support for hundreds of nonprofits, foundations, community-based groups, and others working for social change. We are partners and colleagues working collaboratively to support...

  • Senior Director of Finance

    2 months ago

    Boston, United States Virtus Recruiting, LLC Full time

    The Senior Director of Finance will be responsible for planning, monitoring, evaluating and reporting of the largest practice unit's financial performance. This position will play a key role in developing and managing financial analysis procedures, as well as identifying and prioritizing recommended actions. In addition, the role will conduct financial...

  • Sponsored Projects Administrator

    2 weeks ago

    Boston, Massachusetts, United States UMass Boston Full time

    Job Title: Sponsored Research Administrator Company: UMass Boston Key Responsibilities: Oversee the administration of externally funded research projects to ensure adherence to compliance standards and prompt initiation.Facilitate the processing of grant actions within research management systems.Engage with the research support team and Principal...