AddressDescription
Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.
Why join us?
- An award-winning culture We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years)
- Competitive pay and incentive bonus eligible
- Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
- Family-friendly work hours
- With 175+ community bank locations, we offer opportunities to grow and develop in your career
- Promote from within culture
Schaumburg Bank & Trust Commercial Real Estate team is seeking a Senior Portfolio Manager to assist in the management of the Northwest Hub's commercial real estate loan portfolio. This role will report to the Chief Credit Officer and will materially contribute to the continued growth and oversight of the commercial real estate portfolio.
What You'll Do
Portfolio Management
- Address loans coming up for maturity with RMs and assign to analysts
- Attend client/prospect meetings with RM as part of deal team to develop understanding of borrower's request, gather information needed to underwrite the transaction and mitigate key issues
- Manage annual review process, quarterly construction, and exception reporting
- Ensure annual reviews and debt service coverage covenants are completed on a timely basis and tracking requirements are received within approved grace period
- Lead workflow meetings with analysts to ensure prioritization of assignments – new opportunities, renewals, annual reviews, covenant testing, and tracking requirements are input correctly in the Moody's system
Management and Training of Credit Analysts
- Manage credit analysts and the overall underwriting process to ensure all parties have a clear understanding of their respective responsibilities and all transactions are fully underwritten according to policy prior to submission for approval
- Assign tasks to credit analysts, develop timeline, and identify necessary level of credit approval
- Communicate with Lenders/Division Heads and CCOs to manage expectations related to tasks and timing
- Review opportunity memos and approval documents before sending to CCO/Concurrence Officer
- Prepare opportunity memos and approval documents for transactions as needed and present to ILA/ICC, WICC, and Executive Committees as applicable
- Work with CCO/Concurrence Officer to make necessary changes prior to WICC submission
Qualifications
- Bachelor's degree or equivalent credit experience
- Minimum of 8 years' direct experience in commercial real estate underwriting
- Prior experience leading a team of credit analysts preferred
- Solid understanding of compliance rules and regulations along with the ability to identify and mitigate key risks
- High attention to detail and strong communication skills
- Desire to contribute to the training and development of underwriters and the bank's rotational credit analysts
Benefits
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
#LI-ONSITE
#LI-AC1
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago's Bank and Wisconsin's Bank, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.
