Webster Bank · 1 day ago
Manager Commercial Underwriting
United States
Full-time
Remote
Mid, Senior Level
$95K/yr - $115K/yr
4+ years expWebster Bank is a leading commercial bank focused on serving clients and supporting communities. The Public Sector Finance Manager, Underwriting is responsible for evaluating complex public sector financing requests and ensuring compliance with bank policies and regulatory requirements.
Banking
Responsibilities
Evaluate prospective and or existing complex financing requests by: Spreading and analyzing current overall credit profile, utilize multiple source systems, evaluation of a wide range of economic indicators, financial statements and various other tools. Have a complete understanding of cash flow reports, financial ratios, trends, etc. Also spread financial statements and cash flow analysis. The underwriter must be able to identify recurring and non-recurring sources of cash flow, the entity’s ability to cover debt service, collateral adequacy, appropriate nature of financial covenants and financial reporting ticklers to support the proposed credit exposure. Preparing Risk Rating calculations and underwriting document
Working with the business development officer in reviewing credit proposals for new loans as well as for renewals, modifications, and short-term extensions. Continual portfolio monitoring, payment delinquency mitigation and annual reviews. This includes financial and risk analysis, purpose of loan, repayment sources, collateral, financial & reporting covenants, ticklers, industry analysis, current event research and material event analysis
Work with internal bank department to process due diligence requests, run UCC search and liens and litigation research. Investigate specific industries/companies and due diligence on existing or prospective borrowers
Review documentation such as bonds, leases, deed of trust, installment financing agreements, among others, for consistency and accuracy with credit narratives. This requires working with the bank council, borrower, business development officers and portfolio managers
Performs other duties and responsibilities as required or assigned by supervisor
Ensure compliance with all regulations, policies, and procedures
Qualification
Required
4-7 years of direct public sector underwriting experience with an expertise in executing complex municipal financing requests
Strong knowledge of underwriting concepts, practices, and procedures
Must be detail oriented and organized, with solid financial analytical skills
Proficient with all financial statements (Fund Accounting, Balance Sheet, Income Statement and Cash Flow Statement)
Significant municipal risk rating expertise
Proficiency in legal terminology and documentation to ensure approved terms are correctly interpreted and captured for monitoring
Demonstrable track record of working under pressure and managing multiple projects with limited supervision
Excellent oral and written communication skills as well as analytical, mathematical, and reasoning skills
Demonstrated ability to develop and maintain positive working relationships with contacts across lines of business / clients
Technical aptitude with Word, Excel, Outlook and other IT system as necessary
Preferred
Candidates with advanced degrees (Bachelor's, and/or Master's) preferred
Candidates with some combination of coursework and experience, or else extensive related professional experience, are eligible for consideration
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
Recent News
Providence Business News
2026-01-24
2026-01-23
Providence Business News
2026-01-16
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