Loan Servicing Specialist Senior ACBS

Wintrust Financial Corporation; Rosemont (IL); Hybrid; USD 65,000 - 77,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life insurance

401(k) with company match

Parental Leave

Disability Insurance

Employee Stock Purchase Plan

Job summary

Wintrust Financial Corporation in Rosemont, IL is seeking an experienced loan operations professional to support syndication portfolios and maintain loan system data integrity. You will book, fund and reconcile complex commercial loans, ensuring accurate recording and timely communications with syndicate members.

The role emphasizes accuracy, multitasking, and strong analytical skills, with opportunities for bonus eligibility and a comprehensive benefits package.

Qualifications

• 5+ years in commercial loan operations or commercial servicing.
• 2+ years of commercial construction experience preferred.
• Understanding of complex commercial lending structures and loan documentation.
• Strong understanding of participation/syndication lending structures.
• Experience with commercial loan systems/software.
• Ability to perform duties with a high level of accuracy, meet deadlines and multitask.
• Proficient in Excel and data analysis.

Responsibilities

• Provide servicing support for syndication portfolios across multiple loan products.
• Book and fund syndication bought and sold; post payments, repricing and payoffs.
• Research and reconcile accrual discrepancies and loan GL accounts.
• Review loan approvals for proper booking on CLS loan servicing system.
• Coordinate closing disbursements with Capital Market and Documentation Team.
• Disburse loans via wire transfer and ensure proper booking of loan fees.

Skills

Analytical skills

Attention to detail

Multi-tasking

Communication skills

Financial acumen

Tools

Microsoft Excel

Job description

About Wintrust

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.

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 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.

What You’ll Do:

• Provide servicing support for the syndication portfolios including Capital Markets, Franchise Lending, Institutional Leverage Portfolios, First Insurance Funding, Wintrust Business Credit, Real Estate Services, Derivatives, Wealth Services, and International Services.
• Book & fund syndication bought and sold; post payments, advances, repricing and payoffs; process loan maintenance.
• Research, reconcile and clear accrual discrepancy and loan related general ledger accounts.
• Review and interpret commercial loan approvals and documents for proper booking on the CLS loan servicing system.
• Coordinate closing disbursements with Capital Market and Documentation Team.
• Prepare funding and upfront fee notices to syndicate members.
• Disburse loans via wire transfer system and/or credit to DDA.
• Ensure proper booking and earnings of all loan fees/costs in accordance with loan documentation.
• Maintain loan system data integrity to accurately reflect loan file contents, as well as ensure accurate management reporting.
• Coordinate loan advances with syndicate members for syndication portfolios, ensuring timely communication of information necessary for processing.
• Prepare funding notices to syndicate members for syndication sold portfolio.
• Process facility & loan payments, payoffs and general maintenance for syndication portfolios within the CLS loan servicing system.
• Prepare notices and wires to external syndicate members for syndication sold portfolio.
• Communicate and respond to inquiries from syndicate members, lenders, loan admins/CSP, credit reporting, finance, and quality control groups.
• Review of daily report for auto debited loan payments and rate changes and prepare notices to syndicated members for syndication sold portfolio.
• Review daily reports for sweep rejects, swingline settlements and perform quality control of new tranche setup.
• Research and reconcile out of balance situations and communicate to syndicate members if necessary.
• Provide effective back up for members of the syndication servicing team.
• Perform other duties as assigned.

Qualifications:

• 5+ years in commercial loan operations or commercial servicing.
• 2+ years of commercial construction experience preferred.
• Understanding of complex commercial lending structures and loan documentation.
• Strong understanding of participation/syndication lending structures.
• Prior experience in commercial loan operations and a good understanding of loan accounting systems, general ledger and finance interaction.
• Experience with commercial loan systems/software.
• Ability to perform duties with a high level of accuracy, meet deadlines within tight timeframes and multi-task when the situation calls for it.
• Ability to recognize and communicate special handling needs for complex loan transactions.
• Strong analytical skills.
• Proficient in Microsoft Excel

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 salary range for this role is $65,000 - $77,000, 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-Hybrid

#LI-Hybrid

Equal Opportunity

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. Wintrust provides community and commercial banking, specialty finance and wealth management services, delivering the sophisticated solutions of a large bank through a relationship-focused approach built from our community banking roots. Wintrust may collect personal information from you in connection with the application process. Wintrust complies with the California Consumer Privacy Act of 2018, and its policy may be found here.