Wintrust Financial Corporation

Portfolio Manager II, Community Development

Wintrust Financial Corporation$85K — $110K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years' experience in commercial real estate/credit, specifically with LIHTC transactions
  • Preferred formal bank credit training and knowledge of banking policies
  • Bachelor's degree in Business, Finance, Accounting or Economics preferred
  • Intermediate to advanced understanding of LIHTC
  • Proficient in MS Office and financial forecast models
  • Strong analytical, organizational, and interpersonal skills

Responsibilities

  • Underwrite existing LIHTC debt and equity portfolio credit approvals
  • Analyze credit and financial information to evaluate risk
  • Manage covenant compliance testing for existing and new clients
  • Develop knowledge of credit loan policy and exceptions
  • Conduct collateral analysis of customers
  • Participate in client meetings and site visits
  • Work with partners on legal documents and assist in closings

Benefits

  • Medical, Dental, and Vision Insurance
  • Life insurance and Accidental Death & Dismemberment
  • Short-term and long-term Disability Insurance
  • Parental Leave
  • Employee Assistance Program (EAP)
  • 401(k) with company match
  • Flexible Spending Account (FSA)
  • Employee Stock Purchase Plan at 5% discount
  • Transportation and Commuting Benefits
  • Pet Insurance
Full Job Description
Responsibilities:
• Underwrite existing LIHTC debt and equity portfolio credit approvals for renewals and other Credit requests pertaining to existing clients
• Underwrite opportunity memos and full credit approvals for new affordable housing business clients
• Independently analyze credit and financial information of property and individuals to determine the degree of risk associated with the extension of credit or investment of equity.
• Proactively manage covenant compliance testing for existing clients and new clients on an ongoing basis.
• Develop a working knowledge of credit/loan policy for credit requests and exceptions
• Perform collateral analysis of current and prospective customers
• Actively participate in existing client and potential new client meetings/site visits with banking team
• Handle various aspects of a customer relationship except negotiations pertaining to pricing and loan structuring
• Maintenance of Annual Review form for multi-year CRE borrowing facilities for existing clients
• Work with external and internal business partners on review of deal related legal documents and assist with closings
• Ongoing monitoring, tracking, and management of the reporting requirement and loan documentation exception process
• Effective communication with Credit and Commercial Real Estate Banking Officers

Qualifications:
• 3+ years' commercial real estate/credit experience, with experience working on LIHTC transactions, a working knowledge of banking environment, products and all supporting processes and technology
• Formal Bank credit training is preferred, with a strong understanding of general credit and risk principles, and banking policies/procedures
• Bachelor's degree (Business, Finance, Accounting or Economics preferred)
• Intermediate to advanced understanding of LIHTC

Proficiency in MS Office: Excel, Word, PowerPoint, and financial forecast models
• 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.

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.
Learn more about Wintrust Financial Corporation
Size
5,239 employees
Market Cap
$5 billion
Industry
Net Income
$292.9 million
Founded
1995
5 Year Trend
+9.4%
NASDAQ

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