Business Banking Underwriting Manager

WSFS Bank; Durham (NC); On-site; USD 111,440 - 183,082; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) plan

Paid parental leave

Paid time off and holidays

Job summary

WSFS Bank in Durham, NC is seeking a Business Banking Underwriting Manager to manage underwriting processes for business purpose loans under $3 million. The role includes leading a team of underwriters and ensuring adherence to risk standards and credit quality.

The ideal candidate will have at least 10 years of experience in credit review, a strong background in credit underwriting, and excellent communication skills. This position comes with a competitive salary and benefits package.

Qualifications

• 10+ years of credit review experience, preferably in business banking loans.
• Strong background in reviewing personal and business financial statements.
• Thorough knowledge of credit and regulatory policies.

Responsibilities

• Manage end-to-end underwriting processes for Business Banking loans.
• Lead a team of underwriters and ensure adherence to Bank policy.
• Identify process enhancements and operational improvements.

Skills

Credit review experience

Business credit underwriting

Proficiency in Excel

Communication skills

Analytical skills

Education

Bachelor's degree or equivalent

Tools

nCino

Job description

Job Description

The Business Banking Underwriting Manager is responsible for underwriting business purpose loans of $3 million or less under the guidance of Loan Policy, ensuring the Bank’s standard of risk/credit quality and associated procedures are met. The incumbent will review, analyze, underwrite as needed, and render loan decisions for applications for Small Business, Business Banking, and periodic SBA loan originations. In addition, the incumbent will lead a team of underwriters who will be responsible for review and credit decision similarly sized conventional Small Business and Business Banking credits, as well as assisting all relevant Business Banking staff.

Job Responsibilities

• Manage end-to-end underwriting processes for Business Banking loan originations, ensuring adherence to Bank policy.
• Review and/or underwrite (as needed) complex loan structures, eligibility, financial information etc. for credit worthiness/loan decisioning and institutional alignment.
• Provide daily leadership and management for a team of 4-10 associates.
• Provide training, development, and opportunities to Business Banking staff.
• Identify key efficiency enhancements and cross-training/collaboration opportunities.
• Partner with leadership on broad bank initiatives as well as committee presentations and periodic portfolio assessments/audit.
• Identify process enhancements, operationalize new procedures, products, portfolio analysis etc.
• Ensure credit pipeline and decisioning management to Department SLAs.
• Coach and lead a team of underwriters and demonstrate understanding of complex conventional loan structures.
• Collaborate and work with underwriters, relationship managers, and closers for loans in origination, post-approval and to closing queue.
• Review loans for small business, business banking, and potential SBA loans.
• Responsible for bank compliance for small business and business banking.
• Assist with audits and compliance requests.
• Assist leadership in supporting business and strategic initiatives.
• Focus efforts with leadership to develop strategy, recommendations and other initiatives for improving efficiency, productivity, and quality of work within the Business Banking team.

Minimum Requirements

• Must have a bachelor’s degree, or equivalent credit training/certifications and/or work experience.
• Must have a minimum of 10 years of credit review experience, preferably underwriting conventional business banking loans.
• Must possess a strong background reviewing personal and business financial statements, with proven ability to render sound credit decisions on own authority.
• Must have a strong knowledge in business credit underwriting and analysis.
• Proficiency in Excel is required.
• Knowledge of loan origination systems (nCino and/or related), reporting, dashboards etc.
• Must possess excellent oral and written communication skills to interact with both internal and external customers.
• Must have strong PC spreadsheet skills and excellent analytical skills.
• Requires independent thinking in collaboration with other professionals to address proper loan structures and effectively measure credit/risk and client profile evaluation/outcome.
• Must have thorough knowledge of credit and regulatory policy(s).

Salary & Benefits

Salary Range: $111,440.00 - $183,082.25. Individual base pay may vary 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 may offer eligible associates discretionary and formula-based incentive and retention awards. WSFS provides a competitive benefits package, including medical, dental, and vision coverage; a 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.

Equal Opportunity Statement

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. WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank careers website or submission process, please contact us via email at [e-mail].