Private Banking Portfolio Manager

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. The Private Banking Portfolio Manager will work closely with Relationship Managers and Portfolio Administrators to monitor the ongoing performance of an assigned client portfolio. Complexity of the customer relationships managed, any credit authority extended, and the designation of the Portfolio Manager is determined by the candidate’s work experience and training. Private Banking credit includes loans to wealthy individuals, and their business interests, Medical Practices, Dental Practices, Law Firms, partner buy-in loans, and Marketable Securities based lending.

Responsibilities

• Assist with the collection of financial statements and borrower information.
• Complete annual reviews, renew maturing loan facilities, monitor covenant compliance, and underwrite new lending opportunities.
• Attend in-person/virtual calls to help assess the needs of prospective and existing bank clients.
• Assist Relationship Managers with the structuring of proposed deals and term sheets that conform with the bank’s Credit Policy.
• Work with Relationship Managers, Lead Portfolio Managers, and Credit Officer in obtaining loan approvals in a timely manner.
• Coordinate loan closings with the bank’s Loan Operations group.
• Collection and organization of relevant legal documents from the borrower.
• Assist other Portfolio Managers with workflow as time allows.

Requirements

• Must have a bachelor’s degree, preferably in a business-related field, or equivalent experience in retail and commercial banking divisions.
• 3-5 years of experience working in a loan servicing environment is required.
• Must have a minimum of 2 years of commercial loan underwriting experience.
• Must have strong knowledge of commercial and consumer loan and deposit products.
• Must have thorough understanding of commercial lending and accounting standard practices.
• Must be self-motivated and able to work with minimal supervision.
• Must have the ability to thoroughly interpret financial data and use sound business judgment.
• Must have excellent written and oral communication skills, as well as excellent listening ability and presentation skills.
• Must have the ability to learn from the experience of others, both inside and outside the organization.
• Must have strong skills using Microsoft Excel, Word, and Outlook.
• Must be presently authorized to work for any employer in the United States and not require work visa sponsorship now or in the future.

Pay

Salary Range: $77,390.00 - $127,139.75. Individual base pay may vary based on additional factors such as 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 (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.