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WSFS Bank is seeking an Allowance Analyst. The Allowance Analyst will be responsible for the calculation and analysis of the Bank’s allowance for credit loss (ACL), as well as SEC and OCC regulatory reporting on the ACL. The incumbent will develop and prepare reports and graphs on the ACL element to incorporate into the approval packages for the ACL and Special Credit Policy Committees. The incumbent will update and maintain systems and controls, ensuring optimal data integrity. The Allowance Analyst will ensure summary reports are distributed to and utilized by Senior and Executive management. The incumbent will develop and prepare memos, summaries, and graphs on provision allocation and drivers for distribution to various divisions to assist with their understanding of credit costs and prepare special analyses and presentations as requested by ACL Committee or Special Credit Policy Committee. The Allowance Analyst will review, validate, and manage data integrity for various loan attributes within Bank’s loan accounting system (IBS) for loading into the allowance calculation tool and develop, maintain, and gather updated information for ACL allocation Analysis.
This is a full-time, 40 hours per week, Monday – Friday, 8:00 am – 5:00 pm position, located at the Bank Center in Wilmington, DE or Bank Place in Philadelphia, PA.
Minimum Qualifications:
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