Business Banking Underwriting Manager

WSFS Bank; Wilmington (DE); On-site; USD 111,000 - 183,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) plan

Paid holidays

Wellness programs

Paid parental leave

Vacation and other paid time off

Sick leave per state laws

Job summary

WSFS Bank in Wilmington, DE seeks an experienced Business Banking Underwriting Manager to lead end-to-end underwriting for loans up to $3 million, guiding a team and ensuring policy compliance.

You will review complex loan structures, mentor a 4–10 person team, drive underwriting efficiency, collaborate with relationship managers, and support bank initiatives and audits.

Qualifications

• Bachelor's degree or equivalent credit training/certifications and/or work experience.
• Minimum of 10 years of credit review experience, preferably underwriting Conventional Business Banking loans.
• At least 3 years of experience managing and leading a team.
• Strong background reviewing personal and business financial statements and rendering sound credit decisions.
• Strong knowledge in business credit underwriting and analysis; proficient in Excel; familiar with loan origination systems.

Responsibilities

• Manage end-to-end underwriting processes for Business Banking loan originations, ensuring adherence to Bank Policy.
• Review and/or underwrite complex loan structures and financials for credit worthiness and decisioning.
• Provide daily leadership and management for a team of 4-10 Associates.
• Provide training and development opportunities to Business Banking staff.
• Identify efficiency enhancements and cross-training opportunities.
• Partner with leadership on bank initiatives, committee presentations, and portfolio audits.
• Ensure credit pipeline management to departmental SLAs.
• Coach and lead underwriters with complex conventional loan structures.
• Collaborate with Underwriters, Relationship Managers, and Closers through origination to closing.
• Review loans for Small Business, Business Banking, and SBA opportunities.
• Ensure compliance for Small Business and Business Banking; assist with audits and compliance requests.
• Support leadership in strategic initiatives and improving efficiency, productivity, and quality.

Skills

Credit review

Team leadership

Analytical skills

Excel proficiency

Communication skills

Education

Bachelor's degree or equivalent

Tools

nCino

Job description

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. We are honored to consistently be named a Top Workplace by our Associates, who make a difference every day for the people, businesses, and Communities we serve. We Stand For Service® is more than part of our name, it’s our mission and our purpose.

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 opportunity(s).

Partner with leadership on broad bank initiatives as well as committee presentations and periodic portfolio assessments/audit.

Ensure credit pipeline and decisioning management to Department SLAs.

Coach and Lead team of underwriters and demonstrates 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 is supporting business and strategic initiatives.

Focus efforts with Leadership to develop strategy, recommendations etc. 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 have at least 3 years of experience managing and leading a team.

Must possess a strong background reviewing personal and business financial statements, with proven ability to render sound credit decision 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 communications 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 structure(s) and effectively measure credit/risk and client profile evaluation/outcome.

Must have thorough knowledge of credit and regulatory policy(s).

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 Financial Corporation (WSFS) and its subsidiaries may offer eligible Associates discretionary and formula-based incentive and retention awards. WSFS provides a competitive benefits package, which includes medical, dental, and vision coverage; a 401(k) plan; life, accident, and disability insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness programs. Additional benefits may include paid parental leave, military leave, vacation and other paid time off, sick leave in accordance with applicable state laws, and 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 about Associate benefits, please visit https://www.wsfsbank.com/about/careers/

• 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
• paid holidays

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].

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, a leading financial institution since 1832, offers comprehensive banking and wealth management services across the Greater Philadelphia and Delaware region.

Banking Credit Intermediation Financial Services

500 Delaware Ave, Wilmington, DE 19801, US