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Business Banking Credit Underwriter

Wsfs Financial

Wilmington, Delaware

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JOB DETAILS
SALARY
$64,491–$105,949.50
SKILLS
Accounting, Accounting Close, Analysis Skills, Asset Management, Bank Management, Business Analysis, Business Banking, Business Loans, Commercial Loans, Communication Skills, Community Support, Compensation Management, Credit Analysis, Credit Reports, Credit Risk, Documentation, Federal Laws and Regulations, Finance, Financial Analysis, Financial Ratio, Financial Statements, Futures, Loan Closing, Loan Policy, Loan Underwriting, Mentoring, Microsoft Excel, Partner Sales, Presentation/Verbal Skills, Regulations, Regulatory Requirements, Small Business, State Laws and Regulations, Tax Returns, Underwriting, Wealth Management, Writing Skills
LOCATION
Wilmington, Delaware
POSTED
3 days ago
Job Description

At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their financial futures, and actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, advancement opportunities, and more. We are the region's locally headquartered bank and wealth management company. We are honored to consistently be named a Top Workplace by our Associates, who make a difference every day for the people, businesses, and Communities we serve. We Stand For Service® is more than part of our name, it's our mission and our purpose.

The Business Banking Credit Underwriter is responsible for underwriting commercial loans according to the Bank's lending policy and ensuring a high standard of quality and that all procedures are met. The incumbent will review and analyze business and personal financial statements/reports to render credit decisions for Small Business & Business Banking loan applicants to maximize the balance of credit risk and opportunity while verifying that all loan requests are underwritten in accordance with the Bank's policies and all federal & state regulations. The Underwriter will seek appropriate concurrence for requests outside of the individual's assigned credit authority and will document the appropriate denial information to ensure the accurate preparation of any adverse action notices.

Job Responsibilities:
  • Review various personal and business financial statements and reports to calculate financial ratios and complete financial analysis to assess the overall creditworthiness of loan applicants.
  • Assist sales and fulfillment partners from the loan application stage through the loan closing process.
  • Deliver credit decisions within the individual's assigned credit authority and will seek escalated approval authority as necessary.
  • Mentor junior colleagues through credit investigations to assist overall team advancement in rendering sound credit decisions.
  • All other duties as assigned, including but not limited to assistance with audits, compliance, asset recovery management, and other Bank initiatives.

Minimum Qualifications:
  • Must have a Bachelor's degree or equivalent work experience with a background in finance or accounting.
  • Minimum 3-5 years of credit review experience, including demonstrated experience analyzing business and personal financial statements with a proven ability to independently render sound credit decisions.
  • Must have a strong knowledge of Small Business or Business Banking loan underwriting, including the review and analysis of business & personal financial statements, tax returns, credit reports, and other associated documentation.
  • Must possess excellent oral and written communication skills to interact with both internal and external partners.
  • Must have thorough knowledge of credit and regulatory policies.
  • Must demonstrate excellent analytical skills.
  • Must be proficient in Microsoft Excel.

WSFS Bank will only consider candidates who are presently authorized to work for any employer in the United States and who will not require work visa sponsorship from WSFS Bank now or in the future in order to retain their authorization to work in the United States.

This position may be filled at the Underwriter or Senior Underwriter level based on the candidate's experience, credit authority, and demonstrated underwriting complexity. Level and compensation will be determined during the hiring process.

Salary Range:
$64,491.00 - $105,949.50

Individual base pay may vary on additional factors such as the candidate's experience, job-related skills, relevant education, geographic location, and other specific business and organizational needs.

In addition to base salary, WSFS Financial Corporation (WSFS) and its subsidiaries may offer eligible Associates discretionary and formula-based incentive and retention awards. WSFS provides a competitive benefits package, which includes medical, dental, and vision coverage; a 401(k) plan; life, accident, and disability insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness programs. Additional benefits may include paid parental leave, military leave, vacation and other paid time off, sick leave in accordance with applicable state laws, and paid holidays. Benefit offerings are subject to eligibility requirements, legal limitations, and may vary based on an Associate's location and employment status. For more information about Associate benefit

About the Company

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Wsfs Financial