Covenant Administrator

Wintrust Financial Corporation; California (MO); On-site; USD 55,000 - 65,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life insurance

401(k) with company match

Flexible Spending Account (FSA)

Employee Stock Purchase Plan at 5%

Parental Leave

EAP

Pet Insurance

Job summary

Wintrust Financial Corporation seeks a Covenant Administrator to manage the set-up and maintenance of financial covenants for the bank’s commercial loan portfolios using Moody’s CreditLens and the bank’s electronic credit file system.

This role requires three years of commercial banking experience, sharp attention to detail, and collaboration with multiple lines of business to obtain approvals, update Moody’s tracking, and ensure accurate documentation.

Qualifications

• Minimum 3 years of experience setting up and maintaining financial covenants and reporting for commercial loan portfolios.
• Commercial banking experience with knowledge of lending and credit terms.
• Ability to perform duties with high accuracy and attention to detail.
• Bachelor’s degree a plus.

Responsibilities

• Set up/update Moody’s tracking requirements based on loan documents.
• Verify loan documentation for covenant set-up, updates, and maintenance.
• Ensure approvals for covenant waivers and modifications.
• Interact with LOB to obtain missing information.
• Process account officer reassignments.
• Review Moody’s Detail Report for covenant tracking accuracy.
• Upload documents to FCM ImageCentre and classify updates.
• Adhere to naming conventions and create folders for covenant requests.
• Identify Annual Reviews and update Moody’s tracking per business requests.
• Assist Credit Services Specialists with covenant modifications.
• Provide client support for assigned charters.
• Respond to internal inquiries and escalate to Supervisor when needed.

Skills

Attention to detail

Advanced computer skills

Commercial banking experience

Education

Bachelor’s degree preferred

Tools

Moody’s CreditLens

FCM ImageCentre

Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 8 years) and Employee Recommended award by the Globe & Mail (past 6 years)

• Competitive pay and discretionary or 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

Why join this team?

• We have a culture that encourages an entrepreneurial spirit

• We offer multiple opportunities for development and upward mobility

What you’ll do:

The Covenant Administrator is responsible for the set-up and maintenance of financial covenants and reporting requirements for the bank’s commercial loan portfolios in Moody’s CreditLens, the bank’s monitoring system, Process document uploads to the Bank’s electronic credit file system, FCM ImageCentre.

• Set-up/Update Moody’s tracking requirements based on loan approval documents.

• Verify appropriate loan documentation for new covenant set-up, updates, and maintenance.

• Ensure receipt of appropriate approvals for covenant waivers and modifications.

• Interact with LOB to obtain missing or incomplete information.

• Process account officer reassignments.

• Review Moody’s Detail Report for covenant tracking accuracy and updates.

• Upload documents to FCM ImageCentre, if applicable.

• Review documents, identify correct classification and make necessary updates when needed.

• Adhere to strict naming conventions and categorization guidelines.

• Create folders for all the covenant requests processed in Department’s shared drive.

• Identify Annual Reviews and update Moody’s tracking per line of business requests.

• Assist Credit Services Specialists with processing of covenant modification and Credit Services requests as needed.

• Provide client support for assigned charters.

• Respond to and troubleshoot internal inquiries and issues. Bring issues to the attention of the Supervisor.

Qualifications:

• Minimum of 3 years of experience setting up and maintaining financial covenants and reporting requirements for the bank’s commercial loan portfolios

• Commercial banking experience required, working knowledge and understanding of commercial lending and credit terms

• Ability to perform duties with a high degree of accuracy and attention to detail

• Bachelor’s degree a plus

• Advanced Computer Skills

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

Compensation:

The estimated annual salary range for this role is $55,000-$65,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience.

#LI-Onsite

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 build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. 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, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.