Covenant Administrator-Commercial Credit Operations

Wintrust Financial Corporation; Rosemont (IL); 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

Tuition reimbursement

Parental Leave

Employee Assistance Program (EAP)

Employee Stock Purchase Plan

Disability Insurance

Transportation and Commuting Benefits

Banking Benefits

Pet Insurance

Job summary

Wintrust Financial Corporation in Rosemont, IL, is seeking a Covenant Tracking Specialist to support banking and credit operations. You will set up Moody’s covenant tracking, verify documentation, and manage modifications across commercial loan portfolios.

The role requires at least 3 years in financial covenants, strong attention to detail, and advanced computer skills. A bachelor’s degree is a plus, with opportunities for growth and a comprehensive benefits package.

Qualifications

• Minimum 3 years of experience setting up and maintaining financial covenants.
• Commercial banking experience and understanding of lending terms.
• High accuracy and attention to detail required.
• Bachelor’s degree is a plus.
• Advanced computer skills.

Responsibilities

• Set up/Update Moody’s tracking based on loan docs.
• Verify loan documentation for covenant setup, updates, maintenance.
• Ensure approvals for covenant waivers and modifications.
• Interact with Lines of Business to obtain missing information.
• Process account officer reassignments.
• Review Moody’s Detail Report for covenant tracking.
• Upload documents to FCM ImageCentre.
• Review documents and classify updates.
• Maintain naming conventions and folders.
• Provide client support for assigned charters.
• Respond to inquiries and escalate to Supervisor.

Skills

Covenants reporting

Commercial lending

Attention to detail

Advanced computer skills

Education

Bachelor’s degree

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

• 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.

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.