Portfolio Manager II, ESOP Finance

Wintrust Financial Corp; Chicago (IL); 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

Parental Leave

EAP

Stock Purchase Plan

FSA

Job summary

Wintrust Financial Corporation in Chicago seeks a Portfolio Manager to support the Middle Market and ESOP Finance teams, analyzing financial statements from $20M to $500M revenue and calculating credit metrics such as cash flow, leverage, and collateral coverage.

You will be the primary contact for client relations, coordinate reporting, review loan documentation, and present credit recommendations to credit administration while ensuring compliance with bank policies.

Qualifications

• Bachelor’s degree in business, finance, accounting, or related discipline.
• Minimum 4 years’ commercial credit experience including corporate banking/middle market.
• Thorough understanding of risk management and credit mitigants.
• Strong analytical and financial modeling abilities.
• Exceptional verbal and written communication skills.

Responsibilities

• 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).
• Coordinate collection and review of financial statements, tax returns, covenant compliance certificates, and borrowing bases.
• Monitor portfolio for early warning signs and mitigate risk with borrowers.

Skills

Analytical abilities

Financial modeling

Communication skills

Client relationship building

Excel advanced

Moody's Analytics familiarity

Education

Bachelor's degree in business administration, finance, accounting, or related discipline

Tools

Moody's Analytics

Microsoft Excel

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

The Portfolio Manager supports the Middle Market and ESOP Finance team, analyzing commercial business financial statements ranging from $20MM to $500M in revenue and calculating critical credit metrics such as cash flow, leverage, working capital, and collateral coverage. In this role, you will be the point of contact for client relations and maintain a high level of client responsiveness.

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 in verbal and written settings.
• 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 in business administration, finance, accounting, or related discipline
• Minimum 4 years’ commercial credit experience including experience in one of the following sectors: corporate banking, middle market; leveraged lending experience preferred
• Thorough understanding of risk management and credit mitigants
• Knowledge risk ratings analysis, corporate finance and/or research
• Strong analytical and financial modeling abilities
• Exceptional verbal and written communication skills
• Strong interpersonal skills with a proven ability establishing client relationships
• Proficiency using Microsoft Office products including advanced Excel modeling skills
• Familiarity with Moody's analytics

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.

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

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.