Loan Processing Specialist - Intermediate Level at Wintrust Financial Corporation in Rosemont, 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 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 Loan Processing Specialist reviews and books customer, commitment, new loan, and renewals in FIS for Commercial, Commercial Real Estate, Wealth Management, Managed Assets Department, Retail, and Community Lending portfolios; 

What You’ll Do:

• Ensures proper booking of new commercial and consumer loans, renewals, amendments and letter of credit including the earnings of all loan fees/costs in accordance to Financial Accounting Standards and Financial Management policy.




• Process loan payments, advances, maintenance, transactions related to specialty products.




• Monitors and processes loan requests and inquiries submitted in the Loan Operations mailbox.




• Ensures that all transactions between the loan system and general ledger are balanced.  Research and resolve general ledger differences.




• Provides customer service to internal customers.




• Books Specialty Products including Leases, SWAPs, SBA loans, Participated Loans, and loans in workout. 




• Sets up Escrow and Collateral Records. 




• Maintain acceptable error and volume rates each month.  




• Perform other functions as assigned.

Training/ Education/ Experience Required:

• 3+ years’ experience in financial services




• Loan Booking experience; loan servicing or loan documentation experience a plus




• High school diploma or equivalent required




• General computer skills




• Must have significant experience with commercial loans




• Must have significant back-office loan processing experience with commercial , residential and small business loans

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 annual rate for this role is $50,000-$62,000, along with eligibility to earn an annual bonus. Actual pay rate may vary based on several factors, such as a candidate’s qualifications, skills and experience.

#LI-Hybrid

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.