Commercial Banking Trainee

WSFS Bank•Philadelphia, PA

20h•Hybrid

About The Position

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.

Requirements

Bachelor's degree in Accounting, Finance, or Business or equivalent work experience.
Ability to review and interpret client financial statements and tax returns.
Ability to review and understand data in both personal and business bureaus.
Excellent oral and written communication skills.
Strong analytical skills.
Strong Microsoft Office skills including Excel.
Ability to be an independent thinker in collaboration with other professionals.
Ability to structure a loan request while maintaining the credit quality dictated by bank policy to “Find a Way” to grant a loan.
Good understanding of applying Loan Policy to the underwriting document.
Presently authorized to work for any employer in the United States and will not require work visa sponsorship from WSFS Bank now or in the future.

Nice To Haves

Previous credit experience is preferred.
Previous banking experience is preferred.

Responsibilities

Analyzing commercial loan customers and real estate projects for financial and business risks.
Reviewing balance sheets, income statements, and cash flow statements.
Analyzing industry and market risks.
Preparing credit memorandums, financial spreadsheets, and relationship/profitability analysis.
Supporting Relationship Managers.
Completing an extensive training program including internal, external and virtual training and on-the-job training with experienced bankers.