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    Community Bank President I - Stamford, CT, United States - Webster Bank

    Webster Bank
    Webster Bank Stamford, CT, United States

    1 week ago

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    Description

    Founded in 1935, our focus has always been to put people firstdoing 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.

    The Managing Director Loan Workout professional has broad experience in managing a portfolio of adversely classified loans, with a focus on maximizing recovery and minimizing losses.

    Significant experience (at least 8 years) of managing adversely classified loans.

    Operate as a senior member of the CLW Sponsor & Specialty/ABL team. Mentor junior colleagues and act as a Subject Matter Expert relative to working out adversely classified loans.

    Manage a portfolio of Leveraged Sponsor Loans and/or ABL loans that have been classified and transferred to Commercial Loan Workout.

    Follow bank policies to identify deteriorating credits, non-performing loans, prepare impairment analysis, recommend write downs and report to senior management on a timely basis.

    Coordinates with inside/outside legal counsel to protect Bank's security and collateral; and document transaction restructurings in conjunction with approved workout strategy.

    Perform other duties as required and directed by the Senior Managing Director Sponsor & Specialty/CLW.
    Knowledge of commercial lending practices, including loan structure, covenants and risk mitigants.
    Excellent organization / time management skills.
    Minimum 10 years' experience in Commercial Lending or Workouts

    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.

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