Bachelor's degree in business administration, finance, accounting, or related discipline
Minimum 4 years' commercial credit experience in corporate banking, middle market, or CRE; leveraged lending experience preferred
Formal Bank credit training preferred with strong understanding of credit and risk principles
Proficiency in MS Office: Excel, Word, PowerPoint, and financial forecast models
Excellent oral and written communication skills
Strong analytical and organizational skills with proactive workflow management
Strong interpersonal skills for client relationship building and teamwork
Responsibilities
Manage an assigned portfolio of commercial customers alongside the relationship manager
Support and oversee portfolio management reporting, including delinquency and problem loans
Coordinate collection and review of financial statements and compliance certificates
Monitor portfolio for early warning signs of financial weakness and develop risk mitigation plans
Prepare credit packages for reviews, renewals, and loan requests
Structure and underwrite complex commercial loan transactions
Provide credit recommendations to credit administration
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
Full Job Description
Portfolio Manager, Commercial supports the Middle Market Commercial Banking team, analyzing commercial business financial statements ranging from $20MM to $500M in revenue and calculating critical credit metrics such as cash flow, leverage, working capital, and collateral coverage. In this role, you will be the point of contact for client relations and maintain a high level of client responsiveness.
What You'll Do
Manage an assigned portfolio of commercial customers in partnership with the relationship manager
Provide support and oversight of reporting for portfolio management (delinquency, problem loans, exceptions, tickler tracking, etc.) as designated by the CCO
Coordinate collection and review of financial statements, tax returns, covenant compliance certificates, and/or borrowing bases to comply with customers' reporting requirements
Monitor assigned portfolio for early warning signs of financial weakness or other risks and work with borrowers to develop and execute an appropriate plan to mitigate risk and/or transfer to Special Assets Group
Prepare credit packages for annual reviews, renewals, loan requests, portfolio reviews and criticized asset reviews
Structure and underwrite complex commercial loan transactions in an assigned portfolio and new business transactions
Provide credit recommendations to the appropriate level of credit administration
Review and negotiate loan documentation in consultation with legal counsel and ensure renewals and modifications are properly closed
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 in business administration, finance, accounting, or related discipline
Minimum 4 years' commercial credit experience including experience in one of the following sectors: corporate banking, middle market or CRE; leveraged lending experience preferred
Formal Bank credit training is preferred, with a strong understanding of general credit and risk principles, mitigates, and banking policies/procedures
Proficiency in MS Office: Excel, Word, PowerPoint, and financial forecast models
Excellent oral and written communications skills
Strong analytical and organizational skills with the ability to proactively manage and prioritize workflow
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
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.
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About Wintrust Financial Corporation
Wintrust Financial Corporation is a financial holding company that provides banking and other financial services to individuals and businesses in the Chicago metropolitan area and southern Wisconsin. The company operates through three business segments: community banking, specialty finance, and wealth management. Wintrust offers a range of banking products and services, including checking and savings accounts, loans, mortgages, and credit cards. The company also provides insurance, leasing, and treasury management services. Wintrust has a strong commitment to community involvement and has donated millions of dollars to local charities and non-profit organizations.
