Commercial Credit Analyst

WSFS Bank•Philadelphia, PA

1d•$45,250 - $74,339•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 is currently seeking a Commercial Credit Analyst I. The Commercial Credit Analyst is responsible for performing the underwriting steps associated with commercial credits. The incumbent will prepare credit memorandums and other tasks associated with supporting Commercial Relationship Managers as well as assist in preparing commercial loan packages for approval and documentation. The incumbent will utilize spreading software to spread financial information from financial statements or tax returns, review and analyze commercial credit and guarantor tax returns, and prepare credit requests. In addition, the incumbent will also prepare credit memos to be submitted to the appropriate lending authority for approval, approve loans within credit authority and support the presentation of commercial loans to Senior Loan Committee for approval. The Commercial Credit Analyst will provide support to Commercial Lending Teams and the Relationship Manager as needed.

Requirements

Bachelor's Degree in finance or accounting or equivalent work experience is required.
A background in finance and accounting 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 is required.
Must have a minimum of 2-4 years of commercial credit experience including a strong background of reviewing personal and commercial financial statements.
Must have some general business and banking background.
Must have 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.
Excellent oral and written communication skills are required.
Candidate must be willing to travel to customer and various WSFS locations, as needed.
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.

Responsibilities

Performing the underwriting steps associated with commercial credits.
Prepare credit memorandums and other tasks associated with supporting Commercial Relationship Managers.
Assist in preparing commercial loan packages for approval and documentation.
Utilize spreading software to spread financial information from financial statements or tax returns.
Review and analyze commercial credit and guarantor tax returns.
Prepare credit requests.
Prepare credit memos to be submitted to the appropriate lending authority for approval.
Approve loans within credit authority.
Support the presentation of commercial loans to Senior Loan Committee for approval.
Provide support to Commercial Lending Teams and the Relationship Manager as needed.