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Loan Review Director

Company: WSFS Bank
Location: Philadelphia
Posted on: May 29, 2023

Job Description:

-Position type: Full-timeLocation: Wilmington, DE -or Philadelphia, PA -Schedule: Monday - Friday 8am-5pm -Hybrid/OnsiteDescription:The Loan Review Director will manage the Bank's entire Loan Review function, Commercial and Retail (Small Business, SBA, Leases, Consumer, and Mortgage). This role will ensure the Commercial & Industrial, Owner Occupied CRE, CRE Investor, and Construction portfolios maintain established credit standards consistent with Board approved credit policy. This includes accurate and timely risk assessment through the appropriate assignment of risk ratings, adherence with credit administration practices, and overall monitoring of underwriting in alignment with the Bank's credit risk appetite. The incumbent will manage the Loan Review program ensuring strategic alignment with Policies & Procedures, risk appetite statements, and industry best practices. The Loan Review Director will approve the annual scoping parameter, select loans to be reviewed as required by the Loan Review Program, and review written reports summarizing results of review work for the Credit Policy Committee, Executive & Risk Committee, and Audit Committee of the Board of Directors. The incumbent will monitor opines and reports on the overall state of the Commercial & Retail loan portfolios and recommend changes to loan policy and procedures to enhance overall portfolio quality, including non-voting members of the Credit Policy Committee, Problem Credit Review Committee, ACL Committee, and Retail Credit Quality Committee. This role provides input into the department's annual budgeting process and manages the growth, development, and performance objectives of the entire Loan Review Team. The Loan Review Director will manage the completion of independent objective credit reviews for risk assessment purposes and evaluates, confirms, or modifies credit risk rating for commercial loan/relationships and review staff works, providing educational feedback as appropriate.Responsibilities:

  • Assures adequate dollar penetration of portfolio as approved by the Audit Committee (through the Loan Review Program) to determine portfolio quality and adherence to credit administration procedures. Prepares reports on assets reviewed for Senior and Executive Management and Audit Committee evaluation.
  • Determines assets to be reviewed in accordance with size, performance and/or previous reviews. Assigns reviews to others within the group based upon expertise and coverage objectives.
  • Prepares reports on the commercial loan portfolio as well as for individual lenders and/or departments. Reports are presented to Senior & Executive Management and Audit Committee.
  • Oversees the Retail Loan Review function ensuring the accurate and timely completion in accordance with Credit Policy and established Service Level Agreements.
  • Facilitates engagements with the OCC and KPMG for regular Safety & Soundness and credit file/portfolio reviews. Manages the interaction with both to ensure question are answered timely and concerns are addressed promptly.
  • Recommends changes to policy/procedures to ensure overall credit quality and adherence to the Board approved risk appetite statements.
  • Develops and maintains policies and procedures for risk assessment & credit administration grading and overall underwriting strength.
  • Provides input and manages adherence to the department's budget.
  • Manages the growth and development of all Loan Reviewers ensuring skills are commensurate with type and volume of reviews to be performed.
  • Other duties as assigned.Minimum Qualification: -
    • Bachelor's degree in Finance, Accounting or other business-related fields.
    • Must have a minimum of 10 years of managerial experience
    • Must have minimum of 15 years loan review, credit analysis, lending and/or auditing experience within a commercial bank or equivalent.
    • Must have Expert knowledge of loan quality grading programs. -
    • Must have computer skills sufficient to produce reports in graphic and data form on all aspects of a diverse commercial loan portfolio.
    • Ability to accurately interpret financial data, calculate key performance metrics and use sound business judgment to assess credit risk within highly complex loan structures. -
    • Ability to manages a staff of Commercial & Retail Loan Review Associates and/or vendor relationship for outsourcing, performing a variety of job duties in a specialized field, utilizing procedures and standards to be maintained and enhanced as appropriate. -
    • Ability hiring, education, scheduling, directing, motivating and evaluating subordinates.
    • Ability to present complex matters to Senior and Executive Managers and Audit Committee. -
    • Excellent written and oral communication skills.
    • Proficient in Microsoft OfficeInclusiveness: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@ 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. -#LI-Hybrid - -

Keywords: WSFS Bank, Philadelphia , Loan Review Director, Executive , Philadelphia, Pennsylvania

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