Small Business Credit Manager
Wsfs Financial

Job Info

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Position type: Full-time

Location: Wilmington, DE or Philadelphia, PA

Schedule: Monday – Friday 8am-5pm

Hybrid/ Onsite

Description:

The Small Business Credit Manager will primarily manage the Bank’s Small Business underwriting program, oversee the management of its existing portfolio of credits, and manage the Bank’s Small Business Credit Underwriter staff, which supports the Small Business efforts of all lines of business. The Incumbent will carry the approval authority to complete a certain volume of loans and annual review credit packages, while also working in conjunction with Small Business support staff and relationship managers to assess new opportunities and to ensure that existing loan customers are being monitored and maintained to minimize risk to the bank. The incumbent will direct and oversee the staffing, training, and performance evaluation processes for Credit Underwriters. The Small Business Credit Manager will review and prepare approval memos to ensure proper structure, eligibility, and accuracy to be submitted for signature for appropriate approval level. Additional responsibilities include preparing new money credit requests and review loans developed by loan officers for compliance and the Bank’s lending objectives, policies and procedures; assessing collateral, cash flow, capital and conditions of every credit request to make an informed and objective credit decision; manage loan relationships by underwriting review/renewal/modification transactions in accordance with the bank’s credit policies; and resolving account or customer issues and providing administrative support as required. The incumbent will spread and analyze company and personal financial statements, calculate repayment ability, and prepare written reports to facilitate sound credit decisions, as well as analyze collateral adequacy with respect to credit structure and type of loan. The Small Business Credit Manager is also responsible for completing real estate market analysis and/or industry market analysis.

Minimum Qualifications:

• Must have a bachelor’s degree, preferably in Business or Finance.
• Must have at least 5 years of experience in commercial credit environment, including a strong background reviewing personal and business financial statements.
• Must have a proven ability to render sound credit decision on their own authority.
• Must have a strong knowledge in business credit 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 and a familiarization with Dun & Bradstreet.
• Must possess excellent oral and written communications skills to interact with both internal and external customers.
• Must have strong PC spreadsheet skills and excellent analytical skills.
• This position requires independent thinking in collaboration with other professionals to address financial issues.
• Must have thorough knowledge of credit and regulatory policy.

Inclusiveness:

WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please get in touch with us via email at careers@ wsfsbank.com.

WSFS is an equal-opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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