Lateral Movement refers to methods by which threat actors gain initial access to a network and then progressively move through said network collecting key data about assets until they reach the ultimate target of their attack. Lateral Movement intrusions have become more intricate with the increasing complexity and interconnected nature of enterprise networks, and require equally sophisticated detection mechanisms to proactively detect such threats in near real-time at enterprise scale. In this paper, the authors propose a novel, lightweight method for Lateral Movement detection using user behavioral analysis and machine learning. Specifically, this paper introduces a novel methodology for cyber domain-specific feature engineering that identifies Lateral Movement behavior on a per-user basis. Furthermore, the engineered features have also been used to develop two supervised machine learning models for Lateral Movement identification that have demonstrably outperformed models previously seen in literature while maintaining robust performance on datasets with high class imbalance. The models and methodology introduced in this paper have also been designed in collaboration with security operators to be relevant and interpretable in order to maximize impact and minimize time to value as a cyber threat detection toolkit. The underlying goal of the paper is to provide a computationally efficient, domain-specific approach to near real-time Lateral Movement detection that is interpretable and robust to enterprise-scale data volumes and class imbalance.