Portfolio Manager - Asset Based Lending (ABL) at Wintrust Financial Corporation in Chicago, Illinois

Job Description:

Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.

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 match and tuition reimbursement to name a few




• Family-friendly work hours




• Promote from within culture

The Portfolio Manager - Asset-Based Lending is responsible for managing a portfolio of credit relationships. This role is expected to liaise between all parties to ensure timely and efficient analysis that meets the expectations of the Borrowers, Lenders and Administration Team.

Why join this team?

• We are a high performing, collaborative, and diverse team focused on growing the business by providing excellent service to clients and partners.




• We hold ourselves accountable to high standards, share wins, operate ethically, and have fun.




• Our portfolio of clients and assets allows us to grow in our knowledge base and provides for plenty of opportunities for exposure to executive management.

​What You'll Do

• Manage an assigned asset-based portfolio of commercial customers




• Structure and underwrite asset-based loan transactions ($5MM - $100MM aggregate credit exposure) for existing portfolio customers and new business transactions




• Coordinate the collection and review of financial statements, compliance certificates, and collateral reports to comply with customers’ reporting requirements




• Review and negotiate loan documentation in consultation with legal counsel and ensure deals are closed properly




• 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 (preferred)




• Minimum 7 years' Middle Market Asset-Based Lending experience preferred; ($25MM - $250MM+ company revenue, $5MM - $100MM aggregate credit exposure)




• Thorough understanding of general credit and risk principles as it applies to asset-based lending 




• Working knowledge of MS Office: Excel, Word, PowerPoint, and financial forecast models including 13-week cashflows




• Excellent oral 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

#LI-AC1

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.