Waterman was born in
Annapolis, Maryland, to Hawley Chapman Waterman Sr., a
colonel in the
United States Marine Corps in
San Francisco, and Duvall Waterman. Waterman Jr. attended and graduated from
Springfield College in 1954. In 1955, he was hired as the head football coach for the
St. James School in
Hagerstown, Maryland. After one year he was hired as the
athletic director, head football coach, and head
lacrosse coach for
Hun School of Princeton. He resigned from his post as head football coach following the 1968 season to focus solely on his duties as athletic director and lacrosse coach. In 1970, Waterman left the Hun School and was hired for the same three previous positions for
Newark State College. He was head football coach for three seasons and amassed an overall record of 6–7. He remained as the lacrosse coach until 1994. Waterman died on February 20, 2015. ==Head coaching record==