Senior Portfolio Manager, Commercial Banking

job
  • Wintrust Financial
Job Summary
Location
Chicago ,IL 60290
Job Type
Contract
Visa
Any Valid Visa
Salary
PayRate
Qualification
BCA
Experience
2Years - 10Years
Posted
16 Feb 2025
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Job Description
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its "Different Approach, Better Results" philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas.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 annual discretionary 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.Promote from within culture.The

Senior Portfolio Manager

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 7 years' commercial credit experience including experience in one of the following sectors: corporate banking, middle market or CRE; leveraged lending experience preferred.Thorough understanding of risk management and credit mitigants.Knowledge risk ratings analysis, corporate finance and/or research.Strong analytical and financial modeling abilities.Exceptional verbal and written communication skills.Strong interpersonal skills with a proven ability establishing client relationships.Proficiency using Microsoft Office products including advanced Excel modeling skills.Familiarity with Moody's analytics.Compensation

The estimated salary range for this role is $98,000-$132,000, 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.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 be Chicago's Bank and Wisconsin's Bank, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. 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, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.

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