RiskCredit Real Estate Services Construction Manager

Wilmington, DE - USA

Monthly Salary: $ 90604 - 148847

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

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 regions 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 its our mission and our purpose.

The Real Estate Services (RES) Construction Manager will oversee the function for the administration of construction loans assigned to the RES Construction team. This team manages and mitigates the execution risk of the construction loans in the banks portfolio through appropriate controls associated with the advancing of construction funds and pre-construction assessments. The team interacts directly with the borrower or borrowers agent for construction.

Job Responsibilities:

Review and approval of draws exceeding RES Specialists approval levels; Issue resolution with scenarios outside of procedure guidelines; assignment of new construction loans.
Portfolio reporting preparation and management which describes emerging risks in the portfolio completion timelines interest reserve capacity sales pace; meeting materials prep for monthly staff RES/Credit meetings and semi-annual Credit Policy Committee updates.
Plan and costs reviews site visits project specific assessments.
Reviews time management coaching etc. for RES Construction Specialists team.
Development of new refinement of existing reports and depictions for inter-department meetings; procedures updates.

Minimum Qualifications:

Bachelors degree in business administration or related field preferred; minimum of an Associates degree required.
Must have a minimum of 5 years in construction industry in a managerial position or position requiring significant construction knowledge or 5 years in credit underwriting credit review or credit officer relating to construction or CRE loans.
Must be familiar with construction contracts inspection reports plan and cost assessments construction budgets retainage and lien procedures.
Must have ability to logically work through issue resolution collaboratively work with different areas of the bank (commercial credit audit).
Must have strong written and verbal communication skills.
Must be able to communicate and interact in a professional and collaborative manner.
Must have strong organizational analytical and communication skills.
Must have strong problem solving and decision-making skills.

Salary Range:

$90604.00 - $148847.50

Individual base pay may vary on additional factors such as the candidates 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 Associates location and employment status. For more information about Associate benefits please visit 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.

Required Experience:

Manager

Job DescriptionAt 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 opportuni...