Portfolio Manager, Commercial

Wintrust Financial Corporation; United States; On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life insurance

401(k) with company match

Tuition reimbursement

Job summary

Wintrust Financial Corporation seeks a Portfolio Manager, Commercial to support its growing Middle Market Commercial Banking team. You will manage a portfolio with the relationship manager, coordinate financials and covenant reviews, and structure complex commercial loan transactions while providing credit recommendations.

The role requires a business/finance/economics/accounting background, strong analytical and communication skills, and proficiency in MS Office.

Qualifications

• Bachelor's degree in business, finance, economics or accounting.
• 4+ years in financial services with banking knowledge and credit experience preferred.
• Bank credit training is a plus, with understanding of credit and risk principles.

Responsibilities

• Manage an assigned portfolio of commercial customers with Relationship Manager.
• Oversee reporting for portfolio management (delinquency, exceptions, etc.).
• Coordinate collection and review of financial statements and covenants.
• Monitor portfolio for risks and coordinate risk mitigation or transfer to Special Assets.

Skills

Analytical skills

Communication skills

Organizational skills

Relationship management

Education

Bachelor's degree in business, finance, economics, or accounting

Tools

Excel

Word

PowerPoint

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 12 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 match and tuition reimbursement to name a few Family-friendly work hours Promote from within culture

The Portfolio Manager, Commercial supports the rapidly growing Middle Market Commercial Banking team.

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 regulations

Qualifications

• Bachelor's degree from an accredited institution with a business, finance, economics or accounting major
• Minimum 4 years’ financial services industry experience, with a working knowledge of banking environment, products and all supporting processes and technology; prior commercial credit experience highly preferred
• Formal Bank credit training is preferred, with a strong understanding of general credit and risk principles, mitigates, and banking policies/procedures
• Thorough understanding of risks (market, rate, leverage, etc.) as it applies to the lending process
• Understanding of commercial lending policies and procedures along with the knowledge of loan agreement, loan structuring, and collateral procedures
• Proficiency in MS Office: Excel, Word, PowerPoint, and financial forecast models
• Excellent oral and written communications skills
• Strong analytical and organizational skills with the ability to proactively manage and prioritize workflow
• Strong interpersonal skills with a proven ability establishing client relationships and working within a team environment

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 $85,000-$110,000, 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.

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 Click here for Equal Opportunities.