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Wintrust

Community banking and wealth management provider

ABL Operations Specialist

Retail & Commercial BankingConfirmed live in the last 24 hours
Full-timeChicago, IL, USAIn-person

About the Job

Requirements

  • An associate or bachelor’s degree in accounting or a related field.
  • At least 3 years of banking or asset-based lending operations experience.
  • Detail focus, strong organization, and ability to multitask.
  • Basic understanding of loan documentation.
  • Interpersonal and customer relations skills to work with clients and Underwriting/Portfolio managers.
  • Proactive verbal and written communication skills for interacting with senior management, clients, and attorneys.
  • Ability to work independently and exercise independent judgment with minimal supervision.
  • Strong knowledge of Microsoft Office applications, specifically Microsoft Excel, and ability to learn new systems quickly.

Responsibilities

  • Serve as the primary borrower contact for collateral operations in conjunction with the Underwriting/Portfolio Manager, who retains overall responsibility for the account relationship.
  • Review, analyze, and reconcile borrowing base certificates and supporting documentation to confirm the value of borrower collateral.
  • Calculate ineligibles, compare them with the client’s calculations, and identify collateral that may not be eligible for lending.
  • Post collateral information from borrower reports to the loan system.
  • Manage accounts consistent with bank approvals and the Loan & Security Agreement.
  • Advise the Underwriting/Portfolio Manager of reporting inadequacies and problems and, under their direction, work with borrowers to resolve them.
  • Monitor and update ticklers to ensure client compliance with collateral reporting, including borrowing base certificates, accounts receivable, accounts payable, inventory, and financials.
  • Maintain effective communication with the Underwriting/Portfolio Manager on assigned accounts and alert them to unusual trends observed while performing routine duties.
  • Maintain professional and courteous relationships with borrowers, answer questions, and resolve problems promptly.
  • Ensure client information is saved properly on the server.
  • Adhere to bank compliance policies and procedures.
  • Perform other duties as required.

About the Company

Wintrust

Community banking and wealth management provider

Wintrust is a financial holding company that coordinates a family of banks to offer community and commercial banking, wealth management, premium financing for insurance, and mortgage origination across 175+ locations in the Midwest and Florida. Customers access services through checking and savings accounts, loans and lines of credit, cash management, and investment advisory; premium financing spreads insurance payments over time; mortgage origination helps clients obtain home loans. It differentiates itself by serving distinct local markets with a broad set of tailored banking and financial services across a wide regional footprint. The company aims to provide accessible, comprehensive financial solutions to individuals and businesses while expanding its network of community banks and financial services.

Company size
1,001-5,000
Company stage
IPO
Headquarters
Rosemont, IL
Founded
1995

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