Corporate Banking Trainee

WSFS Bank; Wilmington (DE); On-site; USD 42,000 - 69,000; Full time

Benefits offered by this job

Medical, dental, vision

401(k) plan

Life, disability insurance

Wellness programs

Paid holidays

Parental leave

Job summary

WSFS Bank is seeking a Commercial Banking Trainee to analyze loan customers and real estate projects for financial risk. The program includes extensive classroom and on-the-job training with experienced bankers.

You will review financial statements, prepare credit memorandums, and support Relationship Managers, with a 40-hour work week. The position requires work in Wilmington, DE for the first 12-18 months, with travel within the bank's footprint as needed.

Qualifications

• Bachelor’s degree in Accounting, Finance, or Business or equivalent work experience.
• Previous credit review experience is preferred.
• Previous banking experience is preferred.
• Requires strong analytical skills.
• Requires excellent oral and written communication skills.

Responsibilities

• Analyze commercial loan customers and real estate projects for financial and business risks.
• Review balance sheets, income statements, and cash flow statements.
• Prepare credit memorandums, financial spreadsheets, relationship/profitability analysis and other tasks for Relationship Managers.
• Complete an extensive two-year training program including external classroom training and on-the-job training with experienced bankers.
• Travel within the bank's footprint or to other offices as needed.

Skills

Analytical skills

Spreadsheets

Oral communication

Written communication

Education

Bachelor’s degree in Accounting, Finance, or Business

Job description

Job Description

At WSFS Bank, we empower our Associates to grow their careers, we guide our customers to secure their financial futures, and we actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, opportunities to advance, and more. We are the premiere, locally headquartered bank and wealth management company in the region and 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 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.

The schedule is 40-hour work week Monday – Friday, 8:00 AM - 5:00 PM. This position requires the incumbent to work in Wilmington, DE for the first 12-18 months of employment. Associate will be expected to travel within the banks footprint or other offices, as needed.

Minimum Qualifications:

• Must have a 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 is preferred.
• Previous banking experience is preferred.
• Requires strong analytical skills and strong PC spreadsheet skills.
• Requires excellent oral and written communication skills.

WSFS Bank will only consider candidates who are presently authorized to work for any employer in the United States and who will not require work visa sponsorship from WSFS Bank now or in the future in order to retain their authorization to work in the United States.

Salary Range:

$42,289.00 - $69,475.00

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/

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.