Posted in Banking 22 days ago.
Type: Full-Time
Location: Rosemont, Illinois
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 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
The Loan Documentation Administrator II position is responsible for the review of attorney prepared documents for complex and multi-million dollar Middle Market commercial loan transactions including option based pricing loans, Swaps, Syndications, Participations,
First Insurance transactions, Capital Markets, Capital Call Lines, Leveraged Loan Transactions, Institutional loans, Government and Municipal lending, Franchise lending, Wintrust Business Credit monitored loans, International transactions and commercial real estate transactions.
Additionally this position reviews same transactions post-closing ensuring that all due diligence and executed loan documents are present, identify trailing documentation exceptions and prepare the file for Servicing
What you'll do:
Review complex attorney prepared documents for Middle Market lending groups ensuring that the structure of the loan can be accommodated on the ACBS loan system.
Appropriately enforce all corporate due diligence and compliance requirements.
Communicate effectively with lender and/or lending support staff regarding issues, questions or additional information needed during the documentation preparation and/or attorney review stage to ensure that Loan Operations and the lending staff are working together to meet borrower needs.
Seek attorney assistance on questions/issues arising from both preparation and review of loan documents. Determine when it is necessary to reach out to counsel for guidance and assistance with questions as well as request and utilize specialized language as needed to protect Bank’s interest in the loan transaction.
Seek guidance of Bank’s Chief Credit Officers at appropriate times to assist in clarification of loan transactions.
Complete post-closing review of documentation to ensure due diligence document requirements have been completed and executed loan documents are present.
Identify trailing documentation exceptions for entry to ACBS by Collateral team.
Prepare the final file for booking and funding.
Complete analysis of real estate tax bills to determine monthly escrow payments as well as beginning balance for real estate transactions.
Assist in providing guidance and training to team members as need arises.
Qualifications:
Minimum 3-5 years of experience preparing/reviewing very complex and high dollar commercial and commercial real estate loan transactions. Paralegal background strongly desired.
Associates degree or equivalent.
Strong understanding of commercial lending concepts and experience in a loan operations environment handling and supporting Middle Market commercial lending staff.
Excellent knowledge and understanding of collateral perfection requirements, commercial loan documents, corporate credit policy, approval levels, the workings of a larger loan operations group and some basic loan accounting knowledge and audit controls.
Wide experience level of commercial real estate and the more complex workings of real estate lending and working with title companies.
Superior communication skills (both written and verbal) and the ability to partner with Middle Market commercial lenders and support staff to ensure that transactions are completed satisfying both Bank requirements and customer expectations.
Ability to determine appropriate level of flexibility in procedures and policies to assist lenders in closing loan transactions. Strong use of common-sense approach to assisting lending staff.
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
#LI-Hybrid
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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