Real Estate Financing Coordinator

Company: WSFS Bank
Location: Wilmington
Posted on: May 16, 2022

Job Description:

Job DescriptionThe Real Estate Financing Coordinator will primarily be managing risk and compliance related issues associated with the RES construction loan portfolio through the monitoring of all financial and project related activity including construction loan advance conditions, payments, documentation and construction work in place. The incumbent will respond directly to the Relationship Manager, customers, and vendors for inquiries to resolve issues surrounding commercial and consumer loans, as well as assist in reporting monthly and quarterly information for reports that include interest reserve, portfolio performance, vendor efficiency and service level agreements. The incumbent will monitor commercial and consumer construction loan activity to manage risk and ensure compliance with RES policy, loan covenants, letters of credit, and extensions throughout he construction period of the loan. Other responsibilities include assessing the feasibility of a project; reviewing boarded construction loans and provide revisions when required; tracking and documenting daily loan activity; performing budget reviews to identify possible shortfalls; and reviewing customer draw request packages and 3rd party inspection reports. The Real Estate Financing Coordinator will also perform quarterly inspections of construction projects to confirm activity, work in place and site conditions, and manage bank exposure caused by municipal Letter of Credit, Tri-Party, or other third part agreements tied to the construction loan.This is a full-time, 40 hours per week, Monday – Friday, 8:00 am – 5:00 pm position located at our Bank Center location in Wilmington, DE.Minimum Qualifications:

• Must have a Bachelor's degree in construction and/or Finance, or the equivalent experience within a construction and/or banking environment.
• Must have at least 1 year of previous construction management and/or commercial loan administration experience.
• Previous clerical, banking, accounting or construction experience is preferred.
• Previous customer service experience is required.
• Must possess good organizational, analytical and communication skills.
• Must be able to work with little assistance.
• Must be proficient in Microsoft Excel.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.How do you get to be nearly 200 years old in a world that's constantly changing? For us, the answer has always been the same: create a team of Associates who are passionate about serving the community, and success will follow. Our Mission and Values serve as essential reminders about who we are and how we do business. 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.

Keywords: WSFS Bank, Wilmington , Real Estate Financing Coordinator, Accounting, Auditing , Wilmington, Delaware