Team Lead Portfolio Management, Commercial

Wintrust Financial Corporation; Oak Lawn (IL); On-site; USD 117,000 - 175,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life insurance

Disability Insurance

Parental Leave

401(k) with match

Flexible Spending Account (FSA)

Employee Stock Purchase Plan

Job summary

Wintrust Financial Corporation in Oak Lawn, IL seeks a Team Lead Portfolio Management for Commercial Banking to oversee a sizable loan portfolio and mentor portfolio managers and credit analysts. You will supervise workflow, coordinate with lending teams, and ensure compliance with bank policies while delivering timely credit analyses and risk ratings.

Qualifications include a business/finance/accounting degree, 10+ years in financial services, and strong leadership, analytical, and

Qualifications

• Bachelor's degree in business, finance or accounting required.
• Formal credit training from a respected bank is preferred.
• 10+ years' financial services experience with knowledge of banking environment and credit processes.

Responsibilities

• Assign, manage, and prioritize ongoing workflow; mentor Portfolio Managers and Credit Analysts; provide timely feedback.
• Liaise with commercial banking teams to prioritize new business while managing renewals, covenant testing, and reporting exceptions.
• Directly manage a small portfolio of the most complex accounts.
• Underwrite annual reviews and renewals, perform covenant testing, and ensure accurate risk rating of the loan portfolio.
• Review credit presentations for accuracy and to identify risks; ensure proper governance for risk.
• Provide quality control by reviewing underwriting work before supervisor review.

Skills

Bachelor's degree

Credit training

10+ years experience

Team leadership

Analytical skills

Interpersonal skills

Communication skills

Education

Bachelor's degree in business, finance or accounting

Master’s degree preferred

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

Team Lead Portfolio Management, Commercial Banking

The Team Lead Portfolio Management, Commercial Banking manages the administration of a sizable commercial banking portfolio and supports commercial banking teams in new business initiatives, accomplishing these objectives through the supervision of a team of Portfolio Managers and Credit Analysts with varying experience levels. The typical portfolio will consist of all types of commercial loans including lines of credit, term notes, and commercial mortgages with an aggregate portfolio balance of $500MM plus.

What You'll Do

• Primary responsibilities include assignment, management, and prioritization of ongoing workflow, mentoring Portfolio Managers and Credit Analysts by auditing work products and providing feedback, while contributing to the organizational development of employees through 1:1 interactions, active career planning and mentorship, and delivery of timely and accurate feedback
• Serve as the liaison with assigned commercial banking teams assuring new business activities are prioritized while portfolio management responsibilities (renewals, annual reviews, covenant testing, reporting exceptions, documentation exceptions, etc.) are managed in accordance with bank policies
• Directly manage a small portfolio of the most complex and important accounts
• Direct portfolio management responsibilities include gathering, analyzing and testing all business and personal financial data collected for the purpose of monitoring the loan relationship while performing portfolio management tasks including the underwriting of annual reviews and renewals, completing covenant testing verifications, managing reporting and documentation exceptions, and ensuring the loan portfolio is accurately risk rated
• Review credit approval presentations of the Portfolio Managers and Credit Analysts, focusing on the accuracy of the data and analysis, ensuring all risks are identified and mitigated, and ensuring a structure is in place to appropriately govern the credit based on the risk profile
• Provide a layer of quality control in the underwriting process by reviewing work and providing feedback to Portfolio Managers and Credit Analysts to ensure underwriting documents are comprehensive and accurate prior to review by their supervisor
• Primary point of contact between commercial credit and the lending teams in managing new business pipelines and portfolio management activities
• Serve as a credible challenge to the lending teams to ensure lending relationships are structured within the bank’s risk tolerance and all portfolio management expectations are met

Qualifications

• Bachelor's degree in business, finance or accounting; Master’s degree preferred
• Formal credit training from a respected bank, with a strong understanding of general credit and risk principles, mitigates, and banking policies/procedures
• 10+ years' financial services experience with a working knowledge of the banking environment, products and all supporting processes and technology; commercial credit experience highly preferred
• Prior experience managing a team preferred but not required
• Excellent verbal and written communications skills
• Strong analytical, organizational and time management skills
• Proven ability to manage tasks in a timely and efficient manner
• 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

Compensation and benefits: The estimated salary range for this role is $117,000 - $175,000, 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.