Bachelor's degree in Business, Finance, Accounting, or Economics preferred.
Strong understanding of credit and risk principles; formal bank credit training preferred.
Minimum 3 years of experience in commercial real estate credit, investment underwriting, or community development finance.
Working knowledge of LIHTC, NMTC, CDFIs, or affordable housing finance.
Strong analytical and business writing skills.
Excellent organizational skills for managing multiple transactions.
Good interpersonal skills for collaboration with internal and external partners.
Responsibilities
Underwrite and analyze community development investment opportunities.
Perform detailed financial, credit, and risk analysis of fund managers and underlying assets.
Prepare comprehensive investment opportunity and credit approval packages.
Analyze credit and financial information to assess risk associated with credit extension.
Complete annual reviews and portfolio monitoring reports for existing investments.
Oversee documentation and monitoring of asset and client performance.
Collaborate with partners on reviewing transaction-related closing documentation.
Benefits
Medical Insurance
Dental and Vision Insurance
Life Insurance and Accidental Death Coverage
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 a discount
Transportation and Commuting Benefits
Pet Insurance
Full Job Description
Portfolio Manager II - Community Development
The Portfolio Manager II, Community Development will support the ongoing portfolio management of the Bank's community development investment platform, including Low-Income Housing Tax Credit (LIHTC) investments, New Markets Tax Credit (NMTC) investments, Community Development Financial Institution (CDFI) and equity-equivalent (EQ2s) investments, Small Business Investment Company (SBIC) funds, and other CRA-eligible investments.
This position offers the opportunity to play a central role in advancing the Bank's community development strategy while supporting investments that create affordable housing, drive economic development, and deliver meaningful community impact.
What You'll Do
Underwrite and analyze community development investment opportunities, including LIHTC multi-investor funds, direct NMTC investments, CDFI loan pools, EQ2 investments, SBIC funds, and other mission-driven investments.
Perform detailed financial, credit, and risk analysis of fund managers, syndicators, developers, sponsors, and underlying assets to assess investment viability and identify key risks.
Independently prepare comprehensive investment opportunity and credit approval packages that clearly articulate transaction structure, sponsor qualifications, financial performance, investment risks, CRA impact, and recommendation rationale.
Independently analyze credit and financial information of property and individuals to determine the degree of risk associated with the extension of credit.
Complete annual reviews, portfolio monitoring reports, risk rating assessments, and covenant compliance analyses for existing investments.
Oversee documentation and ongoing monitoring of asset and client performance.
Work with external and internal business partners on the review of partnership agreements, operating agreements, subscription documents, fund documents, legal opinions, and other transaction-related closing documentation
Review credit approval memorandums and attorney-prepared closing documents for new and renewed investments to ensure compliance and adherence to the approval guidelines.
Interact with lending and investment staff, deal teams and clients in a welcoming and professional manner.
Qualifications
Bachelor's degree (Business, Finance, Accounting, or Economics preferred).
Strong understanding of general credit and risk principles, and banking policies/procedures; formal bank credit training preferred.
Minimum 3 years of experience in commercial real estate credit, investment underwriting, tax credit finance, or community development finance.
Working knowledge of Low-Income Housing Tax Credits (LIHTC), New Markets Tax Credits (NMTC), CDFIs, or affordable housing finance.
Strong analytical and business writing skills
Strong organizational skills with the ability to manage multiple transactions and portfolio responsibilities simultaneously.
Good interpersonal skills with internal partners, counsel, clients and senior management.
Accounting and finance knowledge, as well as knowledge of real estate fundamentals and concepts.
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.
