Senior Portfolio Manager - Commercial Credit
Company: Wintrust Financial
Location: Morton Grove
Posted on: April 17, 2024
Job Description:
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 annual discretionary bonus eligible
- Comprehensive benefit package including medical, dental,
vision, life, a 401k plan with a generous company matches 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 cultureThe Sr. Portfolio Manager supports
the Middle Market Commercial Banking team, analyzing commercial
business financial statements ranging from $20MM to $500M in
revenue and calculating critical credit metrics such as cash flow,
leverage, working capital, and collateral coverage. In this role,
you will be the point of contact for client relations and maintain
a high level of client responsiveness.What You'll Do
- Manage an assigned portfolio of commercial customers in
partnership with the relationship manager
- Provide support and oversight of reporting for portfolio
management (delinquency, problem loans, exceptions, tickler
tracking, etc.) as designated by the CCO
- Coordinate collection and review of financial statements, tax
returns, covenant compliance certificates, and/or borrowing bases
to comply with customers' reporting requirements
- Monitor assigned portfolio for early warning signs of financial
weakness or other risks and work with borrowers to develop and
execute an appropriate plan to mitigate risk and/or transfer to
Special Assets Group
- Prepare credit packages for annual reviews, renewals, loan
requests, portfolio reviews and criticized asset reviews
- Structure and underwrite complex commercial loan transactions
in an assigned portfolio and new business transactions
- Provide credit recommendations to the appropriate level of
credit administration
- Review and negotiate loan documentation in consultation with
legal counsel and ensure renewals and modifications are properly
closed
- Serve as contact for, provide support of and responses to
internal audits, loan review, compliance reviews and regulatory
exams for the bank
- Comply with all bank policies and procedures as well as
applicable state and federal regulationsQualifications
- Bachelor's degree in business administration, finance,
accounting, or related discipline
- Minimum 7 years' commercial credit experience including
experience in one of the following sectors: corporate banking,
middle market or CRE; leveraged lending experience preferred
- Thorough understanding of risk management and credit
mitigants
- Knowledge risk ratings analysis, corporate finance and/or
research
- Strong analytical and financial modeling abilities
- Exceptional verbal and written communication skills
- Strong interpersonal skills with a proven ability establishing
client relationships
- Proficiency using Microsoft Office products including advanced
Excel modeling skills
- Familiarity with Moody's analyticsBenefitsMedical 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-HYBRID#LI-AC1From 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.
Keywords: Wintrust Financial, Hammond , Senior Portfolio Manager - Commercial Credit, Executive , Morton Grove, Indiana
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