Business Banking Underwriter

1 day ago

Itasca, United States Wintrust Full time

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 Business Banking Underwriter analyzes small to mid-size business and real estate opportunities submitted by origination teams and works closely with lending officers in all aspects of the loan request. The Underwriter contributes to the recommendations as it relates to the structure of a loan request, as well as identification of broader banking and relationship opportunities throughout the underwriting and portfolio management process. This individual performs various due diligence and loan documentation review functions as part of the origination and closing process. Performs other duties as necessary to support the goals and objectives of the broader business banking team, including monitoring of borrower financial performance and covenants, identification of risk factors and determination of appropriate risk rating.

What You'll Do
  • Prepare written credit approval memoranda and ancillary forms for various types of credit facilities
  • Structure and underwrite credit facilities in a manner which achieves the business profitability goals while staying within the bank's risk parameters
  • Review and analyze various types of individual and corporate financial statements
  • Assist with loan monitoring and testing requirements
  • Participate in customer and prospect calls as part of the underwriting and due diligence process
  • Determine the proper risk rating and complete the required paperwork for any rating changes
  • Partner with lenders to cultivate excellent client relationships and to proactively manage the loan portfolio
  • Exhibit a sense of urgency towards meeting client requests while also meeting acceptable risk parameters in order to identify problems/issues to produce timely loan modifications and risk rating changes, as appropriate
  • Foster an open dialogue and strong working relationship with Credit Administration, Loan Operations, Managed Assets Department and other groups that support the line of business
  • Obtain appropriate market information to support the proposed loan
  • Partner with in-house appraisal and environmental staff in ordering and reviewing third party reports such as appraisal, environmental and property condition assessments
  • Perform business and site due diligence/inspections, as applicable
  • Assist in the closing of loans, including reviewing internal and external documentation for accuracy
  • Assist in additional tasks as needed, including exception tracking and clearing, preparing and/or testing client covenant compliance, and assisting in the preparation and monitoring of ongoing financial and collateral reporting requirements
Qualifications
  • Bachelor's degree, preferably in a business-related field such as accounting or finance
  • Minimum 2 years' commercial underwriting and/or portfolio management experience; formal credit training is a plus
  • Sound understanding of commercial credit analysis techniques including cash flow, balance sheet analysis, evaluation of collateral and personal financial condition
  • Expertise in spreading financial statements
  • Ability to make sound decisions in a fast-paced, time-sensitive environment
  • Possess thorough knowledge of the fundamentals that drive repayment ability for both businesses and real estate entities
  • Ability to think critically throughout the underwriting process, both as it relates to a specific loan request as well as the broader relationship
  • Excellent verbal and written communication skills
  • Desire and ability to communicate with both prospects and existing clients through all aspects of the origination process and loan management cycle
  • Proficient in Microsoft Word and Excel; experience with nCino loan origination platform a plus


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

#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.

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