SBA Credit Underwriter
SBA Credit Underwriter
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$ 71000 - 92000
1 Vacancy
Job Description
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.
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 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
Promote from within culture
Why join this team
Work with a collaborative team that puts their customers first
Great opportunity to learn from experienced leaders in the industry
Exposure to working on a variety of loans
What Youll Do:
Prepare written credit approval memoranda and ancillary forms for SBA credit facilities
Structure and underwrite SBA credit facilities in a manner which achieves the business profitability goals while staying within the banks risk parameters and conforms with SBA SOP
Review and analyze various types of individual and corporate financial statements
Participate in customer and prospect calls as part of the underwriting and due diligence process
Establish and maintain relationships with community bankers business bankers SBA team members within Wintrust Community Banks to appropriately service the existing SBA portfolio and ensure continued SBA compliance.
Work with charter banks to evaluate SBA servicing requests using a thorough knowledge of loan policy guidelines procedures and SBA standard operating procedures. When appropriate prepare credit memorandums documenting servicing approvals.
Assist in the closing of loans including reviewing internal and external documentation for accuracy
Assist with SBA audits
Executes exemplary portfolio management via the following by:
Coordinate quarterly SBA problem loan discussions with charter banks
Maintaining appropriate risk rating on all SBA credits at all times
Managing administrative past dues to 0% at all times
Managing delinquencies as close to 0% at all times
Keeping documentation exceptions to a minimum
Qualifications:
Minimum 1-3 years commercial underwriting and/or portfolio management experience
SBA underwriting experience preferred
Formal credit training is a plus
Bachelors degree preferably in a business-related field such as accounting or finance
Sound understanding of commercial credit analysis techniques including cash flow balance sheet analysis evaluation of collateral and personal financial condition
Expertise in spreading financial statements
Strong organizational and time management skills along with the ability to proactively manage and prioritize workflow
Ability to make sound decisions in a fast-paced time-sensitive environment
Demonstrated analytical and critical thinking skills
Excellent oral and written communication skills
Proficient in Microsoft Word and Excel; experience with nCino loan origination platform a plus
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 $71000 - $92000 along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors such as a candidates qualifications skills and experience.
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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.
Employment Type
Full-Time
