Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”
What You'll Do
- Coordinate, schedule and lead closing conferences and closing process with Deal Team (Borrowers, respective counsel and WFF) in order to achieve certainty and timeliness of closing.
- Process including but not limited to reviewing credit approval memorandum, create closing checklist, compiling both internal and external closing deliverable items, decisioning adequacy of receivables (e.g. liability insurance, flood insurance, asset listings, lease and franchise agreement review)
- Circulate all information and escalate exceptions to the deal team to ensure Borrower and deal team anticipated funding dates are met.
- Obtain appropriate supporting documents including title work, flood and OFAC searches, insurance, organizational documents, real estate collateral documentation and various due diligence items to verify compliance with loan approval and bank closing procedures.
- On syndicated transaction, coordinate with Capital Markets and Deal Team for timely approval and receipt of closing deliverables. Co-ordinate with Finance if SWAP is involved; insure proper documentation to effect SWAP is completed
- Prepare the Settlement Statement and coordinate, as applicable, with the outside title company; collect all third-party invoices for closing; follow for internal/external payoff letter required; calculate loan fees; confirm deposit to be applied to fees or returned to Borrower.
- Prepare and review closing disbursement documents to make sure all figures are accurate and co-ordinate any syndicated loans with external and/or internal participants.
- Co-ordinate the receipt of the participant's approvals and signed docs with Loan Ops for timely receipt of funds at closing. If the loan is a SWAP transaction, check for documentation.
- Comply with all bank policies and procedures as well as applicable state and federal regulations and complete all required compliance training in a timely manner
- Performs other duties as required
Qualifications
- Bachelor’s degree in finance, accounting, or related area of study
- 5-10 years of Franchise Loan Closing experience
- Must be comfortable leading closing calls with other professionals, asking questions and articulating potential problems and propose solutions to closing team, bank senior management and legal counsel
- Exceptional verbal and written communications skills
- Strong problem solving and critical thinking skills
- Excellent organizational skills with the ability to proactively manage and prioritize workflow
- Strong client service skills
- Proficiency using Microsoft Office software 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 $71,000 - $92,000 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.
Remote position will be considered for qualified candidates.
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.