Senior Underwriter, Asset-Based Lending

24 hours ago


New York, New York, United States Webster Bank Full time
Senior Underwriter, Asset-Based Lending

Webster Bank is seeking a highly skilled Senior Underwriter to join our Asset-Based Lending team. As a critical contributor to our new business effort, you will work collaboratively with our business development team to execute credit-related activities and bring new business to close.

Key Responsibilities:
  • Collaborate with business development officers to develop ABL loan structures that manage risk and conform to bank policies and procedures.
  • Prepare high-quality credit approval documents and deal screens that contain in-depth analysis and highlight credit issues, risks, and mitigants.
  • Lead due diligence processes, including stakeholder meetings, third-party reporting, and field exams.
  • Close commercial loans in adherence to bank policies and procedures, coordinating with legal counsel and assisting internal partners in the onboarding process.
  • Participate in projects to improve and streamline the credit delivery process.
Requirements:
  • Bachelor's degree in a related field, MBA preferred.
  • 7-10 years of experience in ABL underwriting.
  • Proven ability to work collaboratively in pressure situations, meeting deadlines.
  • Strong quantitative and qualitative analytic skills, with the ability to exercise sound judgment.
  • Superior verbal and written communication skills.
  • Detail-oriented, with the ability to be organized and set priorities.
  • Proficiency in MS Office product suite, with working knowledge of SageWorks and Stucky software preferred.

This is a hybrid position based in Webster's New York City office, with some travel required for management meetings and diligence tours. The estimated salary range for this position is $140,000 USD to $170,000 USD, with eligibility for incentive compensation. Webster Bank is an equal opportunity employer and welcomes applications from diverse candidates.



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