Senior Associate, Commercial Loan Servicing

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!

Ability to deliver high quality professional service to internal and external customers, understanding all aspect of loan processing, ensuring requests are processed accurately within established credit guidelines and departmental procedures. Read and understand all commercial loan documents including notes, agreements, and understand how the data is set up on the required loan system. Perform completeness check to ensure system matches executed documents; ensure knowledge of the Commercial lending products and services, including an understanding of a Credit Agreement, loan funding mechanics, deal structure, funds flow, etc. Process loan portfolio seamlessly and accurately and anticipates business needs.

What you will do

• Handles more complex commercial loan transactions (syndications, etc)
• Monitors delinquencies and evaluates loan issues – resolving as needed.
• Receptive to increasing levels of responsibilities and additional process improvement projects at management's request
• Ensures the timely clearing of cash, Suspense and WIP accounts
• Responsible to reconcile/verify any investor lists (excel templates) are accurate with ACBS.
• Ensures Department policies and procedures are adhered to and data input is accurate.
• Other loan related and miscellaneous tasks (i.e. Break funding, DDA related, Manual entries, manual statements, etc.).

Skills and Abilities

• Strong analytical skills, detail oriented
• Ability to effectively multitask in a fast paced environment
• Time management and strong interpersonal skills
• Ability to challenge the status quo and open to change
• Effective problem-solving skills as well as oral and written communication skills
• Self-Starter with ability to work well independently as well as with a Team
• Ability to set priorities, develop a work schedule, monitor progress toward goals and track activities.
• Working knowledge of Microsoft Office product suite
• Working Knowledge of Commercial Loan Systems - ACBS, preferred

Education Qualifications

• H.S. Diploma or General Education Degree (GED) required
• Bachelor’s Degree in Arts/Sciences (BA/BS) Candidates with advanced degrees (Associates, Bachelor's, and/or Master's) preferred
• Candidates with some combination of coursework and experience, or extensive related professional experience, are eligible for consideration.

Experience Qualifications

• 0-2 years Accounting, financial experience preferred

The estimated salary range for this position is $32.12 USD to $34.00 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

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Webster Financial Corporation and its subsidiaries (“Webster”) are equal opportunity employers that are committed to sustaining an inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and/or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law.