Payment Processor

Wintrust Financial Corporation in; Rosemont (IL); Remote; USD 60,000 - 80,000; Full time

Job summary

Wintrust Life Finance is seeking a Payment Processor to manage incoming payments and update loans within a specialized production team. This role offers opportunities for career growth and supports various departments. Ideal candidates will have up to 3 years of experience in financial services, and will thrive in a fast-paced environment while building solid partnerships.

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

Transportation and Commuting Benefits

Banking Benefits

Pet Insurance

Qualifications

• 0-3 years of financial services or insurance industry experience preferred.
• Ability to work independently and prioritize in a fast-paced environment.
• Self-starter with minimal supervision.

Responsibilities

• Manage Past Due Premium Report and call Insurance Carriers to confirm non-financed premium payments weekly.
• Apply incoming payments after confirming payment came from approved Party to Deal.
• Review submitted cases and update ACBS accordingly.

Skills

Financial services experience

Insurance industry experience

Independence

Prioritization

Self-starter mentality

Job description

As the largest life insurance premium finance company in the country, Wintrust Life Finance provides customized financing solutions to qualified borrowers seeking to finance their life insurance premiums. Our financing solutions have supported numerous planning structures, including traditional wealth transfer, key-man insurance, buy-sell arrangements, split dollar arrangements, term alternatives, charitable giving, income replacement strategies, and more. Wintrust Life Finance is a subsidiary of Wintrust, a financial services company with more than $66 billion in assets.

• 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 200+ 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

The Payment Processor will be responsible for applying incoming payments and making necessary updates to loans in ACBS along with miscellaneous production tasks within a specialized production team. The Payment Processor will support the Renewal and New Business Departments.

What You'll Do

• Manage Past Due Premium Report and call Insurance Carriers to confirm non-financed premium payments weekly
• Apply incoming payments after confirming payment came from approved Party to Deal
• Review submitted cases and update ACBS accordingly
• Build solid relationships to ensure transparent feedback and successful partnerships

Knowledge/Skills/Background

• 0-3 years of financial services or insurance industry experience, preferred
• Ability to work independently and prioritize in a fast paced environment
• Self-starter with the ability to work with minimal supervision

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 estimatedhourly ratefor this role is $24.00 - $31.25 along with eligibility to earn an annual bonus. Actualpayrate may vary based on several factors, such as a candidate's qualifications, skills and experience.

#LI-REMOTE

#LI-LR1

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.