SVP, Managed Assets at Wintrust Financial Corporation in Irvine, California

Job Description:

Wintrust Asset Finance is an equipment-focused financing group that offers sophisticated loan and lease products to commercial companies throughout the country in a wide range of industries, including transportation, construction, manufacturing, energy services, aviation, and turn-key property, plant, and equipment, among others. Wintrust Asset Finance is an affiliate of Wintrust, a financial services company with more than $50 billion in assets.

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

Why join this team?

• We have a culture that encourages an entrepreneurial spirit


• We offer multiple opportunities for development and upward mobility

Job Description Summary

The SVP Managed Assets plays a vital role in providing leadership to the managed assets department. This includes supervising, coaching, mentoring, and developing a team of associates, shaping, and maintaining the efficient management of the company’s managed assets. Must be highly knowledgeable of all aspects of the leasing business from origination through maturity including repossession/resale/litigation/bankruptcy. Knowledgeable of lease management systems. Strong communication skills with internal and external and both writing and interpersonal. Must have attention to detail and able to manage complex operations and asset management procedure. Ability to multitask and work under pressure under time constraint.

What You’ll Do

• Optimize revenue through maximizing remarketing inventory, managing the end of lease process, forecasting, and keeping accurate records.


• Developing plans to collect overdue payments, establish goals and targets for the collection of payments.


• Establishing a consistent strategy for executing payment plans and negotiating settlement agreements.


• Employ, train, and develop team members.


• Work closely with Credit, bank stakeholders and Sales teams on equipment valuations, collection strategies, end of lease terms, and remarketing of the assets upon lease expiration or repossession.


• Responsible for working directly with WSF’s servicer for reconciliation of payment applications, 3rd party vendor remittances, accuracy and timeliness of rebooking and overall record keeping.


• Manage multiple 3rd party servicers for consistency and accuracy.


• Identify and develop relationships with external providers of lawyering, repossession, appraisal, remarketing, collections, and loss recovery / collection services.


• Work with 3rd party providers to arrange inspections and appraisals.


• Accurately document all costs associated with the managed assets process.


• Develop and maintain a data base for collateral appraisers, lawyers, inspectors, repossession agencies, storage and skip tracing, and external appraisers. Prepare reports for management.

Knowledge/Skills/Background/Experience

• 10+ years of experience in collections and managed assets


• Knowledge of collection laws and regulations


• Bachelor’s degree in Accounting, Business Administration, or related field a plus


• Deep understanding of applicable laws, regulations, and compliance standards

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

#LI-REMOTE

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 be Chicago’s Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. 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, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.