ABL Operations Specialist

5 days ago


Chicago, Illinois, United States Wintrust Financial Full time
About the Role

We are seeking an experienced ABL Operations Specialist to join our team at Wintrust Financial. As a key member of our asset-based lending operations team, you will be responsible for managing daily collateral and loan analysis for assigned clients.

Key Responsibilities
  • Collateral Management: Serve as the primary borrower contact for all matters relating to collateral operations, working closely with the Account Manager to ensure seamless account relationships.
  • Loan Analysis: Review, analyze, and reconcile borrowing base certificates and supporting documentation to confirm collateral value.
  • Collateral Eligibility: Calculate ineligibles and compare to client calculations, identifying collateral that may not be eligible for lending.
  • Collateral Reporting: Post collateral information from borrower reports to the loan system, ensuring accurate client information is saved properly.
  • Account Management: Understand and manage accounts consistent with Bank approvals and Loan & Security Agreement.
  • Communication: Maintain effective communication with the Account Manager on assigned accounts, alerting them to unusual trends observed during routine job duties.
  • Customer Service: Provide professional and courteous service to all borrowers, assisting with questions and resolving problems promptly.
  • Compliance: Adhere to Bank Compliance policies and procedures.
Requirements
  • Education: Associate or Bachelor's degree in accounting or related field.
  • Experience: 5+ years' banking or asset-based lending operations experience.
  • Skills: Detail-focused, well-organized, and able to multitask. Basic understanding of loan documentation. Strong interpersonal and customer relations skills. Proactive and confident communication skills. Ability to work independently with minimal supervision.
  • Technical Skills: Strong knowledge of Microsoft Office applications, particularly MS Excel.
Benefits

Wintrust Financial offers 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, traditional and Roth 401(k) with company match, flexible spending account, employee stock purchase plan, critical illness insurance, accident insurance, transportation and commuting benefits, banking benefits, and pet insurance.



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