Loan Workout

Analyst, Workout

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One Jericho Plaza, Jericho, New York, 11753, USA

At HSA Bank, we’re working toward a world where everyone is empowered to save for a healthy future. Our offerings in the healthcare savings space drive down healthcare costs, increase access, and assist with decision-making for consumers, health plans, partners, and advisors. 


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Job Summary:

The Commercial Loan Workout (CLW) Analyst will primarily provide analytical support to the CLW Senior Managing Director team leaders. The CLW organizational structure includes a workout team dedicated to Business Banking, ABL and SSF, CRE, Middle Market and EF. This role will provide the incumbent with cross-team workout experience, learning key CLW processes, including quarterly PAR meetings, and impairment analyses. The incumbent will also garner hands-on experience working with professional workout transactors on active distressed and problem loan situations across the directly managed and Bright-Lined portfolio.

Key responsibilities for the role:

  • Work directly with the various CLW team leads to develop an in-depth understanding of key CLW processes, including quarterly PAR meetings and impairment analyses.

  • Develop a strong understanding of Sageworks to assist in improved data capture, identification of anomalies, and overall reporting.

  • Work directly with CLW transactors to gain a working knowledge of active workout situations across the various asset classes. Gain an understanding of the workout life cycle, with a focus on maximizing recoveries and minimizing credit closes, while learning various workout strategies.

  • Assist in matters related to CLW problem loan credit policy and process.

  • Work on special projects as needed, including portfolio data gathering and Bright Line Waiver portfolio assignments.

Skills, Experience & qualifications for the role:

  • Undergraduate degree in finance or adjacent discipline.

  • 2-4 years of experience in finance / lending.

  • Working knowledge of ABL, Business Banking (including SBA), CRE, Middle Market and Sponsor Finance lending concepts, including understanding of metrics that are critical to analyzing deal / portfolio asset quality.

  • High degree of competency with Microsoft Excel and Powerpoint.

  • Ability to work independently and multi-task.

  • Familiarity with Webster commercial lending structure (i.e., Lines of Business) preferred.

  • Familiarity with Webster data visualization tools (e.g., Spectra) a plus.

The estimated salary range for this position is $72,000USD to $82,000USD. 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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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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