Commercial Real Estate Credit Analyst

About the role

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, consistently named a Top Workplace by our Associates.

This role is responsible for performing the underwriting steps associated with commercial real estate credits, preparing credit memorandums, and supporting Commercial Relationship Managers. The position assists in preparing commercial loan packages for approval and documentation.

Responsibilities

• Utilize spreading software to spread financial information from financial statements or tax returns.
• Review and analyze business financial statements and individual tax returns to prepare credit requests, displaying proficiency in reviewing and comprehending Leases, Appraisals, Environmental reports, construction budgets, Plan and Cost reviews, etc.
• Prepare credit memos and financial ratio reports to be submitted to the appropriate lending authority, including Senior Loan Committee, for approval; approve loans within credit authority; identify risks and mitigants of the credit and support the presentation of credit package.
• Provide support to Commercial Lending Teams and the Relationship Manager as needed.
• Work closely with the Loan Documentation team to ensure all due diligence is acceptable prior to loan closings.

Requirements

• Bachelor's Degree in finance or accounting or equivalent work experience is required.
• Minimum of 4 years of CRE underwriting experience, including a strong background of reviewing personal and business financial statements.
• 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, and understanding of data in both personal and business bureaus.
• Good understanding of applying Loan Policy to the underwriting document with strong analytical skills.
• Strong Microsoft Office skills, including Excel.
• Ability to be an independent thinker in collaboration with other professionals and structure a loan request while maintaining the credit quality dictated by bank policy.
• Excellent oral and written communication skills.
• Ability to travel within WSFS footprint as needed.

Pay

Salary Range: $48,416.00 - $79,541.75. Individual base pay may vary based on 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.

Benefits

• Medical, dental, and vision coverage.
• 401(k) plan.
• Life, accident, and disability insurance.
• Flexible spending accounts (FSAs) and health savings accounts (HSAs).
• Wellness programs.
• Paid parental leave, military leave, vacation, and other paid time off.
• Sick leave in accordance with applicable state laws.
• 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, visit WSFS Bank Careers.