Sr Assoc. Commercial Loan Support
Webster Bank

Job Description

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!

Commercial Loan support Sr. Associate plays a crucial role in ensuring the accuracy and integrity of our commercial loan accounts. Role will be responsible for analyzing, reconciling, and validating all commercial loan transactions, balances, and fees to ensure they are in accordance with the bank's policies and procedures. This role will collaborate with various internal and external stakeholders to respond to inquiries and resolution of exceptions.

• Perform daily and monthly reconciliation of commercial loan accounts, including transactions, balances, interest accruals and fees

• Work with internal stakeholders to investigate and resolve discrepancies

• Collaborate with loan operation teams and various departments to ensure accurate and timely data entry and maintenance of loan accounts

• Provide policy interpretation and direct support regarding reconciliation issues to the business lines.

• Generate daily, monthly, quarterly and annual reports for loan operations teams and management

• Balance General ledger and assigned commercial loan accounts

• Preparing and processing loan payoffs

• Develop and maintain strong working relationships with internal and external stakeholders

• Manage and process FX transactions, non-performing transactions, risk rating changes, and other loan maintenance requiring credit approval. (LFT, Cost Center, etc.)

• Conduct routine audits and reviews to ensure compliance with internal policies and procedures

• Assist in preparation of materials as part of the annual external audits and SOX testing.

• Identify and implement process improvements to enhance the efficiency and effectiveness of account reconciliation processes

• Identify and report any errors or irregularities in loan accounts to the appropriate departments

Skills and Education Requirements

• Bachelor's degree in accounting, finance, or related field

• Minimum of 2 years of experience in account reconciliation, preferably in a commercial loan setting

• In-depth understanding of loan accounting principles and regulations

• Understanding of Non-Performing Loans is preferred

• Strong knowledge of loan accounting principles and loan servicing systems

• Proficient in MS Office suite, particularly Excel and other financial software

• Strong analytical, problem-solving, and organizational skills

• Excellent attention to detail and accuracy

• Ability to prioritize and multitask effectively to achieve desired results

• Ability to work independently and in a team environment

• Strong verbal and written communication skills and interpersonal skills

The estimated salary range for this position is $25.00 HR to $29.95HR. 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.

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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