WSFS Bank · 14 hours ago
Senior Asset Recovery Relationship Manager
Philadelphia, PA
Full-time
Onsite
Senior Level
$111K/yr - $183K/yr
7+ years expWSFS Bank is a locally headquartered bank and wealth management company committed to empowering its associates and supporting its communities. The Senior Asset Recovery Relationship Manager will manage collections and relationships for problem loans in the commercial real estate and commercial lending portfolio, focusing on maximizing collection amounts and implementing effective strategies.
BankingFinanceFinancial Services
Responsibilities
Be responsible for analyzing cash flows, financial statements, and collateral to determine the most effective strategy to maximize collection amounts and timeliness
The ARRM is expected to recommend collection strategies to management and then execute that strategy. Maintain regular contact with borrower(s) and/or guarantor(s), recommend and implement legal action with the assistance of outside counsel, if necessary, upon default (i.e. foreclosure, levies, attachments, bankruptcies and ensure proper collection procedures and techniques are followed and documented in accordance with local, state and federal laws and regulations
Maintain collection and account updates through Problem Loan Reports
Recommend non-accrual and charge off to loans being managed to management
Communicate often with CPAs, attorneys, and other leaders in the business community
Provide written reports to executive management on a monthly basis plus external communications on legal matters
Qualification
Required
A bachelor's degree in business administration, finance or equivalent is required
A minimum of 7 years' experience in a commercial workout or commercial banking environment is required, with an emphasis on commercial real estate workouts. Prior experience must include direct customer contact
Must possess a thorough understanding of the commercial lending industry and be capable of working on the most difficult assignments, rendering good business judgment and decisions with minimal supervision
Must have excellent working knowledge of all types of commercial loan documents and collateral assignments
Must have the knowledge and skill to handle most complex legal matters, foreclosures, bankruptcies, collateral liquidation and the servicing administration of State, Federal Government Loan programs
Must have a high aptitude for analyzing credit risk performance and recommend methods to improve results or minimize losses to the Bank
Must have extensive PC abilities, good working knowledge of Microsoft Office Suites, NCino and other Data Applications and Platform programs required in managing the daily tasks assigned
Excellent written and oral communication skills are required, as well as superior listening skills
Must have tact, persuasiveness and excellent negotiation skills
Some travel may be required
Benefits
Medical, dental, and vision coverage
401(k) plan
Life, accident, and disability insurance
Flexible spending accounts (FSAs) and health savings accounts (HSAs)
Wellness programs
Paid parental leave
Military leave
Vacation and other paid time off
Sick leave in accordance with applicable state laws
Paid holidays
Company
WSFS Bank
WSFS Bank is the seventh oldest, continuously-operating bank in the United States.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
$200M2025-12-09Post Ipo Debt· $200M
1986-12-05IPO
Leadership Team
A
Alyson Beasley Bradley
SVP/Chief Auditor
Brooke Moyer
SVP & Director of Loan Syndications
Recent News
2025-11-05
2025-11-03
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