What are the responsibilities and job description for the Portfolio Manager, Receivable Finance position at Wintrust Financial?
Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 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
With 175 community bank locations, we offer opportunities to grow and develop in your career
Promote from within culture
The Portfolio Manager, Receivable Finance manages daily collateral and loan analysis for their assigned portfolio of clients and assists in new client onboarding. Reporting directly to the Team Lead, the Portfolio Manager is the main point of contact between Wintrust Receivable Finance and our clients.
What You'll Do
Work closely with Assistant Portfolio Manager in day-to-day responsibilities including but not limited to
Maintaining an effective line of communication on assigned accounts to ensure a high level of portfolio monitoring
Monitoring and updating ticklers, ensuring client is in compliance with collateral reporting (AR, AP, financials, etc.)
Monitoring Account Debtor purchase limits, ensuring timely reviews and updates
Reviewing and purchasing the assignment schedules after they have been processed
Work with the borrower to resolve any questions/issues relating to collateral, reporting requirements, etc. and approve daily client advance requests
Complete necessary Credit Approval documents for prospects, renewals, line increases, etc.
Review trend cards and actively participate in portfolio reviews
Adhere to Bank Compliance policies and procedures
Perform all other duties as required
Qualifications
Associate or bachelor's degree in Accounting, Finance, or related field preferred
Minimum 5 years of Accounts Receivable Financing including underwriting experience
Must be detail focused and well organized with the ability to multitask
Good interpersonal and customer relations skills are required to deal with clients and department personnel
Ability to proactively and confidently communicate verbally and in writing will all levels of management, clients and attorneys
Ability to work independently and use independent judgment with minimal supervision
Strong knowledge of Microsoft Office applications (specifically MS Excel) and ability to pick up on new systems quickly
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
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.
About the Company:
Wintrust Financial
