Senior Asset-Based Lending Portfolio Manager
6 days ago
Wintrust Financial is a leading financial holding company with approximately $62 billion in assets. Guided by its commitment to delivering exceptional results, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer.
The company operates more than 200 retail banking locations through 16 community bank subsidiaries in key market areas. In addition, Wintrust has various non-bank business units, including residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services, and qualified intermediary services for tax-deferred exchanges.
A competitive strength and value driver, Wintrust's unique business model is powered by talented colleagues who put customers first and achieve better results for clients.
Why Join Us?We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (past 6 years). Our award-winning culture is built on:
- Competitive pay and annual discretionary bonus eligible
- Comprehensive benefit package, including medical, dental, vision, life, a 401(k) plan with generous company matches, and tuition reimbursement
- Family-friendly work hours
- Promote from within culture
The ABL Collateral Analyst manages all daily collateral and loan analysis for assigned clients. Key responsibilities include:
- Serving as primary borrower contact for collateral operations, in conjunction with the Account Manager
- Reviewing, analyzing, and reconciling borrowing base certificates and supporting documentation to confirm collateral value
- CALCULATING INELIGIBLE COLLATERAL AND COMPARING TO CLIENT CALCULATION, AS WELL AS IDENTIFYING COLLATERAL THAT MAY NOT BE ELIGIBLE FOR LENDING ($70,000 - $90,000 per year estimated salary)
- Posting collateral information from borrower reports to the loan system, ensuring proper client data storage
- Managing accounts consistent with Bank approvals and Loan & Security Agreement
- Advising the Account Manager on reporting inadequacies and problems, working with borrowers to resolve issues under their direction
- Monitoring and updating ticklers, ensuring compliance with collateral reporting requirements
- Maintaining effective communication with the Account Manager on assigned accounts, alerting them to unusual trends observed during routine duties
- Maintaining professional and courteous manner with all borrowers, assisting with questions and resolving problems promptly
- Adhering to Bank Compliance policies and procedures
To be successful in this role, you will need:
- Associate or Bachelor's degree in accounting or related field
- 5+ years' banking or asset-based lending operations experience
- Detail-focused and well-organized with ability to multitask
- BASIC UNDERSTANDING OF LOAN DOCUMENTATION
- Good interpersonal and customer relations skills for dealing with clients and account managers
- Proactive and confident communication skills (verbal and written) for interacting 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 new systems quickly
At Wintrust Financial, we offer a comprehensive benefits package, including:
- 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
Wintrust Financial Corporation is an Equal Opportunity Employer. We welcome applicants from diverse backgrounds and perspectives. If you are passionate about delivering exceptional results and building a rewarding career, join our team today
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Chicago, Illinois, United States Wintrust Financial Full timeWintrust Financial, a leading financial holding company with approximately $62 billion in assets, is committed to delivering exceptional results through its unique business model.Our talented colleagues are empowered to put our customers first and drive success for our clients. We prioritize an award-winning culture, fostering a collaborative environment...
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