Sr Anlst BIC Comml Loan Ops
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!

The Borrower in Custody (BIC) specialist is responsible for the review of documentation against BIC pledging programs requirements. These programs allow for review of loans against eligibility criteria which are laid out by the Federal Reserve Bank (FRB) and loans that meet all eligibility criteria maybe pledged. This position will entail reviewing loan documentation for multiple pledging criteria using a checklist to determine if it meets the criteria to be pledged to the Federal Reserve.

Key Responsibilities:

• Review complex loan documentation within established SLA

• Review & interpret multiple reports related to BIC eligibility

• Ability to read and interpret complex loan documentation against established BIC

requirements

• Ability to identify and timely escalate issues or errors related to BIC process

• Ability to work both independently and collaboratively, with excellent follow-through

and organizational skills.

• Strong attention to detail

Skills, Education and Experience Requirements:

• 4-7 years of experience

• Preferred Bachelor's Degree

• In lieu of degree, a combination of coursework and experience

• Strong Commercial Loan Documentation Experience required

• Previous experience with Borrower in Custody (BIC) program or other Regulatory Reporting preferred, not required

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The estimated salary range for this position is $70,000 to $80,000. 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.