At a Glance
- Tasks: Manage client portfolios and assist with loan approvals and financial assessments.
- Company: Join WSFS Bank, a top workplace focused on community and career growth.
- Benefits: Enjoy competitive pay, health coverage, 401(k), and flexible time off.
- Other info: Inclusive culture with opportunities for personal and professional development.
- Why this job: Make a real impact in banking while helping clients secure their financial futures.
- Qualifications: Bachelor's degree and 3-5 years in loan servicing required; strong communication skills essential.
The predicted salary is between 77390 - 127140 £ per year.
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 Private Banking Portfolio Manager will work closely with Relationship Managers and Portfolio Administrators to monitor the ongoing performance of an assigned client portfolio.
These duties will include completing annual reviews, renewing maturing loan facilities, monitoring covenant compliance, and underwriting new lending opportunities.
Complexity of the customer relationships managed, any credit authority extended, and the designation of the Portfolio Manager is determined by the candidate’s work experience and training.
Private Banking credit includes loans to wealthy individuals, and their business interests, Medical Practices, Dental Practices, Law Firms, partner buy-in loans, and Marketable Securities based lending.
Job Responsibilities
- Assist with the collection of financials statements and borrower information.
- Complete annual reviews, renew maturing loan facilities, monitor covenant compliance, and underwrite new lending opportunities.
- Attend in-person/virtual calls to help assess the needs of prospective and existing bank clients.
- Assist Relationship Managers with the structuring of proposed deals and term sheets that conform with the bank’s Credit Policy.
- Work with Relationship Managers, Lead Portfolio Managers, and Credit Officer in obtaining loan approvals in a timely manner.
- Coordinate loan closings with the bank’s Loan Operations group.
- Collection and organization of relevant legal documents from the borrower.
- Assist other Portfolio Managers with workflow as time allows.
Minimum Qualifications
- Must have a bachelor’s degree, preferably in a business-related field, or equivalent experience in retail and commercial banking divisions.
- 3-5 years of experience working in a loan servicing environment is required.
- Must have a minimum of 2 years of commercial loan underwriting experience.
- Must have strong knowledge of commercial and consumer loan and deposit products.
- Must have thorough understanding of commercial lending and accounting standard practices.
- Must be self-motivated and able to work with minimal supervision.
- Must have the ability to thoroughly interpret financial data and use sound business judgment.
- Must have excellent written and oral communication skills, as well as excellent listening ability and presentation skills.
- Must have the ability to learn from the experience of others, both inside and outside the organization.
- Must have strong skills using Microsoft Excel, Word and Outlook.
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
$77,390.00 - $127,139.75
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 careers@wsfsbank. com.
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.
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Private Banking Portfolio Manager employer: WSFS Bank
At WSFS Bank, we pride ourselves on fostering an inclusive and supportive work culture that empowers our Associates to thrive both personally and professionally. As a locally headquartered bank, we offer competitive salaries, comprehensive benefits, and numerous opportunities for career advancement, all while making a meaningful impact in the communities we serve. Join us as a Private Banking Portfolio Manager and be part of a team that is consistently recognised as a Top Workplace, where your contributions truly matter.
StudySmarter Expert Advice🤫
We think this is how you could land Private Banking Portfolio Manager
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like WSFS Bank. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Private Banking Portfolio Manager
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to WSFS Bank.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on WSFS Bank's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at WSFS Bank
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with WSFS Bank.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at WSFS Bank will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former WSFS Bank employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
