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Commercial Banking Trainee

Wsfs Financial

Wilmington, Delaware

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JOB DETAILS
SALARY
$42,289–$69,475
SKILLS
Accounting, Analysis Skills, Balance Sheet, Bank Management, Banking Services, Cash Flow, Commercial Banking, Commercial Loans, Commercial Property Loans, Communication Skills, Community Support, Finance, Financial Risk, Financial Statements, Futures, Income Statements, Industry/Trade Analysis, Loan Policy, Loan Structuring, Loan Underwriting, Market Analysis, Microsoft Excel, Microsoft Office, Presentation/Verbal Skills, Profit & Loss Analysis, Quality Management, Real Estate, Regulatory Requirements, Spreadsheets, Tax Returns, Training Program, Underwriting, Wealth Management, Willing to Travel, Writing Skills
LOCATION
Wilmington, Delaware
POSTED
30+ 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.

WSFS Bank is currently seeking a Commercial Banking Trainee. The Commercial Banking Trainee will be responsible for analyzing commercial loan customers and real estate projects for financial and business risks. The incumbent will review balance sheets, income statements, and cash flow statements. The incumbent will be responsible for analyzing industry and market risks as well as prepare credit memorandums, financial spreadsheets, relationship/profitability analysis and other tasks associated with supporting Relationship Managers. The incumbent will complete an extensive training program including internal, external and virtual training and on-the-job training with experienced bankers. The incumbent will work with business clients with revenues of $2.5 to $100 million and/or real estate transactions from $1 to $15 million in credit exposure.

The schedule is 40- hour work week Monday - Friday, 8:00 AM - 5:00 PM. This position requires the incumbent to work in Wilmington, DE for the first 12-18 months of employment. The associate can transition to another location at our Bank Center location in Wilmington, DE, Bank Place in Center City Philadelphia or Berwyn, PA. Candidate must be willing to travel to customer and various WSFS locations, as needed.

Minimum Qualifications:
  • Must have a Bachelor's degree in Accounting, Finance, or Business or equivalent work experience, which provides a basis for commercial loan underwriting and analysis, including the review and interpretation of client financial statements and tax returns, review and understanding of data in both personal and business bureaus. Training is provided.
  • Previous credit experience is preferred.
  • Previous banking experience is preferred.
  • Requires excellent oral and written communication skills.
  • Requires strong analytical skills
  • Must have strong Microsoft Office skills including Excel.
  • Must be an independent thinker in collaboration with other professionals and be able to structure a loan request while maintaining the credit quality dictated by bank policy to "Find a Way" to grant a loan.
  • Must have a good understanding of applying Loan Policy to the underwriting document.

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.

Salary Range:
$42,289.00 - $69,475.00

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 benefits, please visit https://www.wsfsbank.com/about/careers/

WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at careers@wsfsbank.com.

WSFS is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions

About the Company

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Wsfs Financial

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