Corporate Banking Trainee

About the role

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.

Schedule & location

• 40-hour work week, Monday – Friday, 8:00 AM - 5:00 PM
• Requires working in Wilmington, DE for the first 12-18 months of employment
• Expected to travel within the bank's footprint or other offices, as needed

Qualifications

• Bachelor's degree in Accounting, Finance, or Business or equivalent work experience 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 (training is provided)
• Previous credit review experience preferred
• Previous banking experience preferred
• 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 must not require work visa sponsorship from WSFS Bank now or in the future in order to retain authorization to work in the United States

Pay

Salary range: $42,289.00 - $69,475.00. Individual base pay may vary based on the candidate's experience, job-related skills, relevant education, geographic location, and other specific business and organizational needs. In addition to base salary, WSFS Financial Corporation 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, and paid holidays