Risk/Credit -Real Estate Services Construction Manager

WSFS Bank•Wilmington, DE

19d

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. The Real Estate Services (RES) Construction Manager will o versee the function for the administration of construction loans assigned to the RES Construction team. This team manages and mitigates the execution risk of the construction loans in the bank’s portfolio through appropriate controls associated with the advancing of construction funds, and pre-construction assessments. The team interacts directly with the borrower or borrower’s agent for construction.

Requirements

Bachelor’s degree in business administration or related field preferred; minimum of an Associate’s degree required.
Must have a minimum of 5 years in construction industry in a managerial position or position requiring significant construction knowledge or 5 years in credit underwriting, credit review or credit officer relating to construction or CRE loans.
Must be familiar with construction contracts, inspection reports, plan and cost assessments, construction budgets, retainage and lien procedures.
Must have ability to logically work through issue resolution, collaboratively work with different areas of the bank (commercial, credit, audit).
Must have strong written and verbal communication skills.
Must be able to communicate and interact in a professional and collaborative manner.
Must have strong organizational, analytical and communication skills.
Must have strong problem solving and decision-making skills.

Responsibilities

Review and approval of draws exceeding RES Specialists’ approval levels
Issue resolution with scenarios outside of procedure guidelines
Assignment of new construction loans
Portfolio reporting preparation and management which describes emerging risks in the portfolio, completion timelines, interest reserve capacity, sales pace
Meeting materials prep for monthly staff, RES/Credit meetings, and semi-annual Credit Policy Committee updates
Plan and costs reviews, site visits, project specific assessments
Reviews, time management, coaching, etc. for RES Construction Specialists team
Development of new, refinement of existing reports and depictions for inter-department meetings; procedures updates.