Webster Bank · 11 hours ago
Manager Commercial Loan Workout
Stamford, CT
Full-time
Hybrid
Mid Level
4+ years expWebster Bank is a leading commercial bank focused on helping individuals, families, and businesses achieve their financial goals. The role of Manager Commercial Loan Workout involves managing a portfolio of adversely classified loans, maximizing recovery, and minimizing losses through strategic evaluations and collaborations.
Banking
Hiring Manager
Bridgette Yang
Responsibilities
Assist in the management of a portfolio of workout loans. Structures would include cash flow, CRE collateralized loans
Evaluate credit file information and develop plan for resolution of loans to minimize exposure for the Bank
Execute approved strategies in a timely manner, assessing success and revising proactively as needed during the workout process
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. Participate in quarterly portfolio reviews and watch list reviews
Coordinates with inside/outside legal counsel to protect Bank’s security and collateral; negotiate waivers and forbearance agreements; and document transaction restructurings in conjunction with approved workout strategy
Work effectively with internal partners and outside advisors as part of individual workout situations
Maintain complete, accurate and current electronic loan files for all assigned loans
Perform other duties as required and directed by the Senior Managing Director/CLW
Qualification
Required
Manager level workout professional with broad experience in managing a portfolio of adversely classified loans, with a focus on maximizing recovery and minimizing losses
Actively participate and lead such key processes (if requested) as Impairments, PAR, Key Credit Metrics and Watch and Worse for assigned portfolio
Knowledge of CRE and MM loan structures
Assist in the management of a portfolio of workout loans
Structures would include cash flow, CRE collateralized loans
Evaluate credit file information and develop plan for resolution of loans to minimize exposure for the Bank
Execute approved strategies in a timely manner, assessing success and revising proactively as needed during the workout process
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
Participate in quarterly portfolio reviews and watch list reviews
Coordinates with inside/outside legal counsel to protect Bank's security and collateral; negotiate waivers and forbearance agreements; and document transaction restructurings in conjunction with approved workout strategy
Work effectively with internal partners and outside advisors as part of individual workout situations
Maintain complete, accurate and current electronic loan files for all assigned loans
Perform other duties as required and directed by the Senior Managing Director/CLW
Knowledge of commercial lending practices, including loan structure, covenant and risk mitigate
Knowledge of various loan structures, including cash flow, ABL, Equipment Finance and CRE
Ability to work independently and determine appropriate prioritization aligned with organization goals
Sound judgment & analytical skills with self-maintained focus
Exceptional verbal and written communication skills with ability to interact using tact and diplomacy
Excellent organization / time management skills
Function effectively in a small team, recognizing all members are vital to the organization's success
Minimum 4 years' experience in commercial lending or workouts
Preferred
College Degree Preferred
Benefits
Incentive compensation
Company
Webster Bank
Webster is a commercial bank that provides financial services to corporations, individuals, families, and partners.
1001-5000 employees
H1B Sponsorship
Webster Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (2)
2024 (4)
2023 (5)
2022 (3)
2020 (1)
Funding
Current Stage
Public CompanyTotal Funding
$653MKey Investors
Greystone
2025-09-11Post Ipo Debt· $350M
2024-12-02Post Ipo Debt· $303M
2002-10-17IPO
Leadership Team
Neal Holland
Chief Financial Officer
D
Daniel Gioia
Sr. Managing Director
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