Wintrust Financial Corporation

Small Business Administration (SBA) Compliance Manager

Wintrust Financial Corporation$85K — $125K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years of SBA experience; servicing and liquidation experience preferred
  • Bachelor's degree preferred
  • Excellent time management and organizational skills with attention to detail
  • Exceptional written, verbal, and interpersonal communication skills
  • Proficient in Microsoft Office products

Responsibilities

  • Oversee internal and external SBA audits as primary contact for Wintrust's charter banks.
  • Establish relationships with community and business bankers, SBA team members, and Managed Assets Department.
  • Be a compliance resource for new loan originations regarding SBA eligibility and closing requirements.
  • Evaluate SBA servicing requests and prepare credit memorandums for approvals as needed.
  • Collaborate with Managed Assets to ensure compliance with SBA servicing and liquidation procedures.
  • Maintain appropriate risk ratings on SBA credits, managing past dues and documentation exceptions.
  • Participate in bank events during and after hours.

Benefits

  • Medical, dental, and vision insurance
  • Life insurance and accidental death and dismemberment coverage
  • Short-term and long-term disability insurance
  • Parental leave and employee assistance program (EAP)
  • 401(k) plan with company match and employee stock purchase plan at a discount
  • Flexible spending account (FSA)
  • Transportation and commuting benefits
  • Banking and pet insurance
Full Job Description
Responsibilities:
  • Establish and maintain relationships with community bankers, business bankers, SBA team members and Managed Assets Department within Wintrust Community Banks to appropriately service the existing SBA portfolio and ensure continued SBA compliance.
  • Work with charter banks to evaluate SBA servicing requests using a thorough knowledge of loan policy, guidelines, procedures and SBA standard operating procedures. Coordinate quarterly SBA problem loan discussions. When appropriate, prepare credit memorandums documenting servicing approvals.
  • Be a resource regarding SBA compliance on new loan originations regarding eligibility, closing requirements, etc.
  • Execute exemplary SBA portfolio management and servicing by maintaining appropriate risk rating on all SBA credits, managing administrative past dues and delinquencies, and keeping documentation exceptions to a minimum.
  • Assist internal and external SBA audits as the primary contact for Wintrust Bank.
  • Collaborate with Managed Assets to ensure compliance with SBA's servicing & liquidation procedures to maximize recovery.


Qualifications:
  • 3+ years of SBA experience; servicing and liquidation experience preferred
  • Bachelor's degree preferred
  • Must have excellent time management and organizational skills with an attention to detail
  • Exceptional written and verbal communication skills, along with interpersonal and customer service skills
  • Proficiency using Microsoft Office products


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 - $125,000, 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.
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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