Corporate Banking Trainee

WSFS Bank•Philadelphia, PA

1d•$42,289 - $69,475•Onsite

About The Position

At WSFS Bank, we empower our Associates to grow their careers, we guide our customers to secure their financial futures, and we actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, opportunities to advance, and more. We are the premiere, locally headquartered bank and wealth management company in the region and 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 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 two-year training program including specialized external classroom 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. Associate will be expected to travel within the banks footprint or other offices, as needed.

Requirements

Bachelor's degree in Accounting, Finance, or Business or equivalent work experience.
Strong analytical skills.
Strong PC spreadsheet skills.
Excellent oral and written communication skills.
Must be 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 review 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, relationship/profitability analysis.
Supporting Relationship Managers.
Completing an extensive two-year training program including specialized external classroom training and on-the-job training with experienced bankers.
Working with business clients with revenues of $2.5 to $100 million and/or real estate transactions from $1 to $15 million in credit exposure.