Senior Commercial Loan Administrator

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!

What you will do

• Conduct quality control reviews of commercial loan documentation to ensure data integrity, accuracy, and consistency to loan boarding sheets and all related loan systems
• In conjunction with the LOB, review draft loan documents to ensure alignment with bank policy, credit approval terms, and loan system compatibility
• Support internal audit and compliance partners by producing samples to support targeted reviews
• Leverage insights from quality control reviews to recommend updates to procedures to enhance operational efficiency
• Provide data inputs key performance indicators (KPI) reporting to monitor adherence to quality control standards
• Follow-up on missing & pending items as well as ongoing documentation such as expired or cancelled insurance (work with operations to ensure timely force placement as necessary)
• Assist PM’s if needed with follow-ups for other types of ticklers – financial statements, covenants, manual tax monitoring, etc.
• Assist PM’s with client due diligence requirements (i.e. Credit report pulls, loan confirmations)
• Support “lighter touch” customer requests (i.e. balance inquiries, loan statement requests, interest rate options, extensions, etc.), working with the LOB to approve and Operations to execute
• Review advance requests and circulate for approval, and submit to Loan Operations for processing
• In alignment to bank policy and procedures, coordinate internal loan system administrative coding changes with Loan Operations
• Work on internal projects to improve the lending process, enhance/expand middle office capabilities, and support the Lines of Business & Operations

Skills and Abilities

• Strong interpersonal and customer service skills to interact with lending teams, operations partners, attorneys, and borrowers
• Strong understanding of commercial lending process, compliance & regulations, loan types/products/structures, etc.
• High confidence in reviewing and understanding legal loan documents and contract terms (paralegal experience is a plus)
• Ability to multitask and manage multiple transactions and servicing requests, simultaneously
• Basic understanding of loan & lending systems (i.e., Signature, ACBS, Loan IQ, Sageworks LOS, Salesforce, etc.) and proficiency in Microsoft Applications
• Fundamental math/accounting/finance skills to understand debits, credits, balancing, amortization schedules, etc.

Education Qualifications

• Bachelor’s Degree in Arts/Sciences (BA/BS) from an accredited college or university preferred.

Experience Qualifications

• 5-7 years Prior paralegal, commercial lending loan administration, and/or closing experience on $10MM-$50MM+ commercial transactions within borrower segments (C&I, CRE, Sponsor & Specialty, ABL, etc. ) required

The estimated salary range for this position is $90,000.00 to $110,000.00. 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.

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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.