Commercial Banking Portfolio Coordinator

Commercial Banking Portfolio Coordinator

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 Commercial Banking Portfolio Coordinator will support assigned Portfolio Managers (PM) and Relationship Managers (RM) with certain loan activities related to the processing and closing of commercial loans. The incumbent is responsible for an assigned pipeline of all loan types relative to the line of business supported. This role will act as the Pre-Closing Liaison to an assigned team within the Commercial Division, acting in tandem with the Loan Operations team. The incumbent will ensure all due diligence requirements are satisfied, compliance with WSFS policies, procedures, and government regulations, and loan data is accurately reflected in required company operating systems as outlined in final credit approval.

Job 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 Portfo