WSFS Bank is currently seeking a Small Business Quality Control Specialist. The Small Business Quality Control Specialist acts as a gatekeeper to ensure that the highest quality standards are maintained throughout the Small Business new loan and modification process. The incumbent will be responsible for identification and tracking of missing documentation. They will also perform lien perfection, including recordation and lien releases. The incumbent should be familiar with loan documentation as transactions can be complex with multiple borrowers and guarantors, mixed collateral, and varying repayment and rate structures. While primarily performing Quality Control tasks, the incumbent will be trained on Loan Documentation process and procedures. Tasks include but are not limited to: analyze executed documents for accuracy and completeness, identify any closing errors or missing items on the E&O tracking report, be responsible and take ownership of E&O tracking report, perform a monthly review of E&O's to ensure collateral is properly secured, and communicate with SBRM, PM's, and sometimes outside vendors when additional information is required. This position requires the ability to manage high volume production requests within multiple internet software platforms at a fast rate with minimal errors and supervision. Should be familiar with the following loan structures: demand, single payment, term and construction loans, as well as revolving and non-revolving lines of credit, equipment lines, and letters of credit. Legal documents to review include, but are not limited to, promissory notes, guarantor agreements, security agreements, business loan agreements, mortgages, hypothecation agreements, UCC filings and other collateral perfection instruments.
The incumbent will be familiar with the loan documentation process and will review all Compliance data entered into nCino software to ensure accuracy in regards to CRA and HMDA reportable loans. This could require additional communication to the Underwriting and Documentation teams to ensure completeness. The incumbent must have a thorough understanding of laws, regulations and procedures applicable to the perfection of security interests and the ability to perform the function with a high degree of accuracy in high volume, time-sensitive situations.
This is a full-time, 40 hours per week. Monday
Friday, 8:00 am
5:00 pm position, located at our Bank Center in Wilmington, DE.
Must have some college or 4 years banking experience
Must have extensive knowledge of Commercial and/or Small Business loan products.
Must be proficient in the review of Laser Pro documentation.
This position requires a strong degree of flexibility and the ability to adapt to an ever-changing list of priorities in a fast paced environment.
This position requires excellent oral and written communication skills and the ability to work in a fast-paced environment.
Proficient use of MS Office products.
Experience with LaserPro, Salesforce, and nCino software a plus.
Physical Demands: The physical demands described below must be met by an Associate to successfully perform the essential functions of this job.
Incumbent will be required to stand for intermittent periods of time.
Incumbent may be required to sit for prolonged periods of time.
Dexterity is mandatory as this job requires frequent use of hands and fingers.
The incumbent will be required to walk, reach with hands and arms, push items overhead, occasionally climb or balance, stoop, kneel, crouch or crawl.
The incumbent will also be required to talk, hear, see, read and write.
This position requires regular lifting and moving of 10-25 lbs.
Specific vision abilities required by this job include close vision, distance vision, depth perception and ability to adjust focus.
Cognitive Demands: The cognitive demands described below must be met by an Associate to successfully perform the essential functions of the job.
This position requires adaptability, assessing, analyzing, calculating, dependability, memorizing, good judgment, stress control, prioritization, social skills and speaking.
This position requires comprehension, organization, reasoning and decision-making, communication and mathematical ability.
Incumbent must possess the capability to understand, remember, and apply oral and/or written instructions or other information, organize thoughts and ideas into understandable terminology, prioritization of own work schedule, apply common sense in performing job duties and making decisions which have impact on immediate work unit.
Incumbent must be able to understand and follow basic instructions and guidelines, complete routine paperwork, use existing form letter and/or conduct routine oral communication, communicate with individuals using a telephone, hear and speak effectively on the telephone, express or exchange ideas by means of spoken word, communicate orally with others accurately and quickly, at an audible level that others can hear.
Incumbent must also have the ability to count accurately and the ability to add, subtract, multiply, divide and record, balance and check results for accuracy.
Wsfs Financial Corporation