Wintrust Asset Finance is an equipment-focused financing group that offers sophisticated loan and lease products to commercial companies throughout the country in a wide range of industries, including transportation, construction, manufacturing, energy services, aviation, and turn-key property, plant, and equipment, among others. Wintrust Asset Finance is an affiliate of Wintrust, a financial services company with more than $66 billion in assets.
Why join us?
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 discretionary or incentive 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
With 175+ community bank locations, we offer opportunities to grow and develop in your career
Promote from within culture
Why join this team?
We have a culture that encourages an entrepreneurial spirit
We offer multiple opportunities for development and upward mobility
What You’ll Do:
The position of portfolio manager will serve as a key support resource for the portfolio management team in the day-to-day activities of the portfolio. In this position you will coordinate and help process payoff requests, invoice requests, and other servicing inquiries from within WSF and our external partners. You will respond to partners email requests and provide timely follow-up to our partners to ensure accurate resolution of all servicing matters.
Monitors the WSF Portfolio specifically focused on accounts that are past due and be required to oversee and/or supplement collection calls with sub-servicer (Orion First) and other WSF Master Servicers to manage all delinquencies for the division.
Works directly with the Chief Operating Officer to determine priorities and approaches to the various collection challenges on an individual contract basis and with the individual Master Servicers.
Responsible for minimizing bad debt that had been previously written off that still requires needed “behind the scenes” due diligence to ensure our policies and procedures are adhered to without exception.
Responsible for creating/maintaining bi-weekly reports to department’s officer(s). Incumbent “owns” these files (which are to be stored in a shared departmental drive).
Shares responsibility for any accounts that may become part of a bankruptcy ensuring tight follow-up on past due files (bi-weekly reports, co-hosting monthly scheduled and ad-hoc meetings) including yet not limited to New Debtor in Possession files – Chapter 7, 11 and 13.
Assists with internal departments, agency on file, internal legal department, assigned trustees and outside counsel. This includes the management of liquidations and receiverships and
Manages the reporting of affected portfolios in “identified” Natural disaster areas as they occur (Emergency orders by state, parish or by postal code) managing communications, reporting, Risk Rating and Loss Mitigation.
Prepares, analyzes and monitors various reports including but not limited to monthly risk rating and risk rating validations reports, daily lease pool activity (particularly as it pertains to accounts being monitored by the sub-servicer Orion First and their collection Activities).
Qualifications:
5-7 years of experience portfolio management.
Bachelor’s degree
Advanced Computer Skills
Compensation:
The estimated salary range for this role is $71,000 - $92,000 along with eligibility to earn a quarterly bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills and experience.
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
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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 build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. 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, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.