Director Portfolio Manager - Commercial Real Estate

Webster Bank; New York (NY); On-site; USD 120,000 - 140,000; Full time

Job summary

Webster Bank is seeking a CRE underwriter / Director to oversee credit analysis and underwriting for commercial real estate loans. The role entails engaging with senior management and clients while leveraging strong financial analysis skills. Candidates should have 3-5 years of experience in commercial lending. Join a team committed to putting people first and achieving meaningful financial goals.

Qualifications

• Strong written and verbal communication skills.
• Advanced proficiency with financial modeling and Microsoft tools.
• Prior experience with commercial real estate loans (3-5 years recommended).

Responsibilities

• Underwrite commercial loans including application and credit analysis.
• Prepare term sheets and commitment letters upon loan approval.
• Mentor junior underwriters and assist in the closing of commercial loans.

Skills

Communication

Financial modeling

Analytical thinking

Organization

Time management

Education

3-5 years experience with commercial real estate loans

Tools

Excel

Microsoft Word

Microsoft PowerPoint

Job description

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!

The primary responsibility of the CRE underwriter / Director is to complete the credit analysis and underwriting of new commercial real estate loans. The role will require the individual to be comfortable with interacting directly with both senior managing directors / managing directors and clients. The role will require strong math, financial analysis, writing and organizational skills.

Responsibilities:

• Develop pre-read and formal deal screen memos for new lending opportunities with oversite from SMD/MD.
• Underwrite commercial loans within established timelines, to include application review, personal and business credit analysis, collateral analysis, and debt service analysis and related financial modeling.
• Decision loan requests in accordance with the bank’s loan policies and procedures, and directly engage with internal credit partners and external clients with oversite from MD/SMD.
• Limit risk through use of various credit enhancements where applicable with the assistance of SMD/Credit.
• Prepare term sheets and or commitment letters upon approval of loan request.
• Review draft loan documents for accuracy as compared to approvals.
• Assist all partners (closing, portfolio, deposit onboarding, middle office and portfolio management and operations) in the closing of commercial loans.
• Participate in projects that help improve and streamline the credit delivery process.
• Assist with credit review and audit preparation as required by the team and credit partners.
• Maintain organized credit files as loans transition from underwriting to portfolio management.
• Establish appropriate inputs and ticklers in Sage Works for all origination activity.
• Mentor and assist junior / analyst level underwriters within the team.

Education, Skills & Experience:

• Strong written and verbal communication skills.
• Advanced proficiently with financial modeling, excel, and Microsoft Word/PowerPoint.
• Analytical thinking, organization, and time management skills.
• Prior experience with commercial real estate loans 3-5 years (recommended)

#LI-RS1

The estimated salary range for this position is $120,000.00 to $140,000.00. 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.

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.

About Us

Being passionate about making a difference in people's lives is what working at Webster is all about. Since our founding in 1935, we've maintained a values-guided culture. Whether it’s helping someone buy their first home or build a business, you’ll be part of a caring team that goes above and beyond for our customers, communities and each other.

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