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Middle Market Portfolio Manager

2 months ago


Lake Forest, Illinois, United States Wintrust Financial Full time

About Wintrust Financial

Wintrust Financial is a leading financial holding company with a strong presence in the Chicago and southern Wisconsin market areas. With approximately $50 billion in assets under management, we offer a unique blend of community banking and sophisticated financial services.

Our Culture

We pride ourselves on being an award-winning culture, recognized as a Top Workplace by the Chicago Tribune and Employee Recommended by the Globe & Mail. Our employees enjoy a comprehensive benefit package, including medical, dental, vision, life insurance, and a 401(k) plan with a generous company match.

The Role

We are seeking a skilled Commercial Banking Portfolio Manager to join our rapidly growing Middle Market Commercial Banking team. As a key member of our team, you will be responsible for managing an assigned portfolio of commercial customers, providing support and oversight of reporting, and coordinating collection and review of financial statements.

Key Responsibilities

  • Manage an assigned portfolio of commercial customers in partnership with the relationship manager

  • Provide support and oversight of reporting for portfolio management (delinquency, problem loans, exceptions, tickler tracking, etc.) as designated by the CCO

  • Coordinate collection and review of financial statements, tax returns, covenant compliance certificates, and/or borrowing bases to comply with customers' reporting requirements

  • Monitor assigned portfolio for early warning signs of financial weakness or other risks and work with borrowers to develop and execute an appropriate plan to mitigate risk and/or transfer to Special Assets Group

  • Prepare credit packages for annual reviews, renewals, loan requests, portfolio reviews, and criticized asset reviews

  • Structure and underwrite complex commercial loan transactions in an assigned portfolio and new business transactions

  • Provide credit recommendations to the appropriate level of credit administration

  • Review and negotiate loan documentation in consultation with legal counsel and ensure renewals and modifications are properly closed

  • Serve as contact for, provide support of, and responses to internal audits, loan review, compliance reviews, and regulatory exams for the bank

  • Comply with all bank policies and procedures as well as applicable state and federal regulations

Requirements

  • Bachelor's degree from an accredited institution with a business, finance, economics, or accounting major

  • 6+ years' financial services industry experience, with a working knowledge of banking environment, products, and all supporting processes and technology; prior commercial credit experience highly preferred

  • Formal Bank credit training is preferred, with a strong understanding of general credit and risk principles, mitigates, and banking policies/procedures

  • Thorough understanding of risks (market, rate, leverage, etc.) as it applies to the lending process

  • Understanding of commercial lending policies and procedures along with the knowledge of loan agreement, loan structuring, and collateral procedures

  • Proficiency in MS Office: Excel, Word, PowerPoint, and financial forecast models

  • Excellent oral and written communications skills

  • Strong analytical and organizational skills with the ability to proactively manage and prioritize workflow

  • Strong interpersonal skills with a proven ability establishing client relationships and working within a team environment

Benefits

We offer a comprehensive benefit package, including medical, dental, vision, life insurance, and a 401(k) plan with a generous company match. Additionally, we provide flexible spending accounts, employee stock purchase plan, critical illness insurance, accident insurance, transportation and commuting benefits, banking benefits, and pet insurance.