Private Banking Portfolio Manager Team Lead

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 Portfolio Manager Team Lead will ensure there is effective and efficient underwriting of all Private Banking loans and utilize said underwriting as a basis to make credit decisions, as designated by policy, that are within the spirit of the Bank’s loan policy and in alignment with the Bank’s credit risk tolerance
The incumbent will also make structure and risk rating recommendations
Job Responsibilities: Manage credit quality within the Bank’s expected credit metrics (losses, delinquency, criticized loan levels) and assure “Excellent” or “Good” loan review scores are maintained
Complete assignments efficiently in order to meet the expectations of both internal and external customers
Meet with clients, and their financial representatives, to evaluate the risks and rewards of using credit to enhance personal and family wealth plans, business plans, financial results and forecasts
Manage a team of Portfolio Managers and approve loans within authority granted in loan policy
Provide recommendations related to risk rating grades and improvements to the underwriting process, underwriting tools/templates, and credit policy
Assist in underwriting of loans to professional organizations such as: medical/dental groups, bridge loans to high net-worth individuals, loans secured by marketable securities, and provide analysis of industry, market, management, collateral, financial position, cash flow, performance, guarantor, and other risks
Manage, coach and develop credit analysts including conducting performance reviews and career development plans and will assure all reporting and financial loan covenants within Private Banking are monitored and past due violations are reported to management
Minimum Requirements: Bachelor's degree in Finance, Accounting or other business related field is required
Minimum of 5-7 years of experience in lending or underwriting of loans to the following; Professional Practices, i.e
medical/dental and law firms; loans to individuals with complicated financial structures, i.e
ownership in multiple businesses
Preferred experience underwriting marketable securities based loans and underwriting consumer loans
Must have the ability to thoroughly interpret financial data and use sound business judgment
Must possess mentoring skills, advance financial analysis skills and have thorough knowledge of commercial loan structuring and understand creative loan structures and innovative products
Must have excellent written and oral communication skills and must have innovative presentative skills to reflect important and complex information in a concise and understandable style
Previous supervisory experience is strongly preferred
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
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
At WSFS Bank we empower our Associates to forge the careers of their dreams, we guide our Customers to secure their financial futures, and we actively support our Communities so they can fully thrive
We know that when we work together and move forward with purpose a brighter path to the future lies ahead for our Associates, our Customers, and the Communities we serve
WSFS Financial Corporation (WSFS) is a multibillion-dollar financial services company
Its primary subsidiary, WSFS Bank, is the oldest and largest locally-headquartered bank and trust company in the Greater Philadelphia and Delaware region
As of March 31, 2023, WSFS Financial Corporation had $20.3 billion in assets on its balance sheet and $65.6 billion in assets under management and administration
WSFS operates from 119 offices, 92 of which are banking offices, located in Pennsylvania (61), Delaware (39), New Jersey (17), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management
Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill® Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments
Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name.',