Asset-Based Lending Collateral Expert

3 days ago

Chicago, Illinois, United States Wintrust Financial Full time

Wintrust Financial is a leading financial institution with a strong presence in the Chicago metropolitan area, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas.

We are seeking an experienced Asset-Based Lending Collateral Expert to join our team. The ideal candidate will have 5+ years of banking or asset-based lending operations experience, as well as a strong understanding of loan documentation and collateral management.

The estimated salary for this position is around $80,000 - $100,000 per year, depending on qualifications and location. In addition to a competitive salary, we offer a comprehensive benefits package, including medical, 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, and pet insurance.

About the Job
  • Serve as the primary borrower contact for all matters relating to collateral operations in conjunction with the Account Manager.
  • Review, analyze, and reconcile the borrowing base certificate and supporting documentation to confirm the value of the borrower's collateral.
  • Calculate ineligibles and compare to clients calculation as well as identify collateral that may not be eligible for lending.
  • Post collateral information from the borrower's reports to the loan system, ensuring all client information is saved properly on the server.
  • Understand and manage accounts consistent with the Bank approvals and Loan & Security Agreement.
  • Advise the Account Manager of reporting inadequacies and problems; under the Account Manager's direction, work with the borrower to resolve these problems.
  • Maintain an effective line of communication with the Account Manager on assigned accounts, and alert them to any unusual trends observed in performing routine job duties.
  • Maintain a professional and courteous manner with all borrowers, including assisting borrowers by answering questions and resolving problems promptly.
  • Adhere to Bank Compliance policies and procedures.
Requirements
  • Associate or Bachelor's degree in accounting or related field.
  • 5+ years' banking or asset-based lending operations experience.
  • Must be detail focused and well organized with the ability to multi task.
  • Basic understanding of loan documentation.
  • Good interpersonal and customer relations skills are required to deal with clients and account managers.
  • Proactive and confident communication skills (both verbal and written) to interact with senior management, clients, attorneys, etc.
  • Ability to work independently and use independent judgment with minimal supervision.
  • Strong knowledge of Microsoft Office applications (specifically MS Excel) along with ability to pick up on new systems quickly.

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