Associate Credit Administration Manager (Administrative)
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.”
Background with SBA loans processing/underwriting preferred
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 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?
Great opportunity to work in a small business lending segment
Opportunity to create value by providing your innovative ideas
You come to join focused, highly collaborative team at a great company
Position Summary
Responsible for Small Business Loans review and underwriting while providing daily direction and support to credit analysts.
What You'll Do
Credit review and analysis of new and renew small business loans, including but not limited to calculations of business cash flow, personal cash flow, debit service ratios, etc. Present loan decisions in accordance with established procedures and underwriting criteria. Identify alternative financing options for borrowers that do not qualify for their original requests. Apply delegated credit authorities per policies and procedures.
Manage, mentor, and coach credit analysts. Provide ongoing training, guidance, and support with day-to-day functions. Ensure staff's adherence to established procedures, as well as maintenance with service level agreements. Make recommendations on an ongoing basis for improvements to workflow.
Analyze and review small business loans for completeness and required due diligence completed by credit analysts. Review and approve small business loans up to $50,000.
Work closely and provide support to Relationship Managers to help build strong relationships with customers.
Qualifications
At least 3-5 years of experience supervising the workflow of a team
5-7 years of experience underwriting commercial loans
Bachelor's degree or higher
Outstanding ability to perform all duties of the small business loans processing, including independent completion of all job responsibilities and tasks is required.
Must possess excellent knowledge and understanding of commercial lending, loan terms, and credit underwriting in order to complete credit files and provide direction and support the credit analyst team.
Knowledge of SBA loans preferred but not required
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 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.
#LI-ONSITE
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.
