Assistant Vice President, Special Assets Management

2 weeks ago


Chicago, Illinois, United States Wintrust Financial Full time

Position Overview
The Assistant Vice President of Special Assets plays a crucial role in overseeing a portfolio of distressed commercial loans, including Commercial & Industrial (C&I) and Commercial Real Estate (CRE) credits. This position is integral to minimizing the financial institution's risk by collaborating with clients to identify effective strategies for recovery.

Key Responsibilities
- Manage a designated portfolio of troubled loans.
- Conduct thorough analyses of lending relationships to develop and recommend appropriate actions.
- Engage with borrowers to negotiate restructuring or settlement terms; perform site assessments to evaluate collateral.
- Collaborate with Wintrust charter banks and specialized groups to manage identified problem loans actively.
- Uphold the bank's legal rights and remedies by working closely with external legal counsel and third-party professionals as needed.
- Recover overdue accounts, restructure viable credits, and liquidate collateral when necessary.

Qualifications
- Bachelor’s degree in business, finance, economics, or a related field.
- A minimum of 3 years of commercial experience, including origination and/or workout experience with C&I or CRE loans.
- Comprehensive understanding of commercial fundamentals across various asset types.
- Proven proficiency in portfolio management, negotiation, and litigation oversight.
- Strong verbal and written communication abilities.
- Excellent analytical and organizational skills.
- Initiative and adaptability to changing demands.

Benefits
- Comprehensive medical, dental, and vision insurance.
- Life and accidental death insurance.
- Short-term and long-term disability coverage.
- Parental leave and employee assistance programs.
- Traditional and Roth 401(k) plans with company matching.
- Flexible spending accounts and employee stock purchase plans at a discount.
- Additional benefits including transportation, banking, and pet insurance.

About Wintrust Financial
Wintrust Financial Corporation is dedicated to serving diverse communities and providing a responsive banking experience. We pride ourselves on our entrepreneurial spirit and commitment to customer service, fostering a culture that values our employees and the communities we serve.



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