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WSFS Bank · 22 hours ago

Commercial Banking Portfolio Coordinator

Wilmington, DE

Full-time

Onsite

Entry, Mid Level

$52K/yr - $86K/yr

2+ years exp

WSFS Bank is a locally headquartered bank and wealth management company that empowers its associates to grow their careers and support their communities. The Commercial Banking Portfolio Coordinator will assist Portfolio Managers and Relationship Managers with loan activities related to the processing and closing of commercial loans, ensuring compliance with policies and regulations while maintaining accurate loan data.

BankingFinanceFinancial Services

Responsibilities

Determine due diligence required for each deal. Communicate requirements to relationship team, client, and attorney (as applicable) and plan accordingly to meet scheduled closing date. Act as an escalation point for involved parties to resolve issues and provide training around loan documentation and due diligence

Based on preliminary review of loan documents, identify needed modifications to the approval

Validate the KYC status of the customer along with entity documents to ensure customers are in good standing/registered properly. Appropriate documentation must be collected per requirements for specific customer entity structures. Work with Loan Operations Closers and Flood Specialist to perform validation and confirm due diligence requirements

Dependent on type of loan documentation, lend support to the Relationship Manager in engaging approved external legal counsel and coordinating the closing date, ensuring that date is indicated (and modified when appropriate) on closing calendar, and complete preliminary review

For all assigned loan closings, work with Portfolio Administrations (PAs) to ensure that all associated loan fees are reflected accurately. Fees must be processed/collected prescribed timeframes by the PAs, and follow-up performed when needed

Communicate and partner effectively with other departments in the Bank and work as a team player to establish exemplary partnerships with all co-workers and create a positive team environment

Meet deadlines by working with multiple Relationship Managers on concurrent closing requests, including the potential for making ‘last minute’ modifications. Notify supervisor when support is needed for either due diligence/documentation requests or for less complex loan closings

Responsible for supporting the closing process by confirming loan closing package is ready for funding and archiving and ensure that the loan package(s) complies with the associated credit approval(s)

Assist the Relationship Manager with the clearance of delinquent documents and other exceptions with appropriate areas post-closing

Actively participate on departmental projects and committees as needed

Maintain WSFS internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable

Deliver high quality service, while ensuring accuracy and timeliness of delivery

Other duties as assigned

Qualification

Commercial Loan OperationsLoan Documentation KnowledgeNCino Platform ExperienceBachelor’s DegreeAttention to DetailVerbal CommunicationWritten CommunicationTeamworkSelf-MotivatedInterpersonal Skills