Portfolio Manager, Community Advantage (Finance)
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (past 6 years)
Competitive pay and annual discretionary bonus eligible
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
Family-friendly work hours
Promote from within culture
The Portfolio Manager is responsible for managing a portfolio of credit relationships with Wintrust's Community Advantage Team. This includes gathering, analyzing, and underwriting all business and personal financial data collected for the purpose of issuing, extending, amending, reviewing, monitoring, and testing a commercial credit facility. The Portfolio Manager will liaise between all parties to ensure timely and efficient analysis that meets the expectations of the Borrowers and Lenders. The ideal candidate is organized, detail oriented, dependable and a self-start who will provide exceptional customer service by taking ownership of the customer experience.
What You'll Do
Review loan documentation and assist in closing process while working with loan officers and internal processing team
Serve the needs of customers seeking loan maintenance as well as new loans
Assist with underwriting guidelines and loan approval process, working closely with credit analysts on timely completion
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Execute exemplary portfolio management by:
Maintaining appropriate risk rating on all credits at all times
Managing new account funding pipeline
Analyze current relationships and identify growth opportunities
Limit documentation and reporting tickler exceptions to a minimum
Maintaining covenant tracking without missing testing dates
Call on potential or existing customers and COIs to develop new business or service to increase existing portfolio and expand client relationships
Participate in bank events during and after-hours including COI mixers, internal bank get-togethers and events hosted on bank premises
Responsible for understanding the impact of lending on the Bank's CRA goals
Qualifications
Bachelor's degree in business administration, finance, accounting, or related field
Minimum 3 years' commercial banking experience with a combination of credit and portfolio servicing responsibilities
Knowledge and understanding of various loan documents, banking processing standards, best practices, and audit control procedures
Excellent verbal and written communications skills
Strong analytical and organizational skills with the ability to proactively manage and prioritize workflow
Proficiency in MS Office: Excel, Word, PowerPoint and lending platforms; experience with Salesforce or nCino is a plus
Strong interpersonal skills with a proven ability establishing client relationships and working within a team environment
Benefits
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation
The estimated salary range for this role is $71,000-$92,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.
#LI - AC1
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago's Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.
