SBA Portfolio Manager
SBA Portfolio Manager
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$ 71000 - 110000
1 Vacancy
Job Description
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its Different Approach Better Results philosophy Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago southern Wisconsin west Michigan northwest Indiana and southwest Florida market addition Wintrust operates various non-bank business units providing residential mortgage origination wealth management commercial and life insurance premium financing short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver powered by our talented colleagues who put our customers first and achieve better results for our clients.
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 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
Why Join This Team
We are a collaborative team that works together to help the customer
We offer a flexible work schedule
What youll do:
You will be responsible for managing the existing SBA loan portfolio including monitoring analyzing and providing guidance to internal product partners on post-closing SBA servicing and liquidation activities throughout Wintrust Financial Corporation. You will be responsible for managing certain credit relationships including gathering analyzing and underwriting all business and personal financial data for the purpose of issuing extending amending and reviewing a commercial credit facility. You are expected to be the liaison between the bank and the SBA to ensure consistent compliance with SBA rules and regulations to preserve the SBA guaranty.
Oversee internal and external SBA audits as the primary contact for Wintrusts 16 charter banks.
Establish and maintain relationships with community bankers business bankers SBA team members and Managed Assets Department 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.
Work with Managed Assets to ensure compliance with SBAs servicing & liquidation procedures to maximize recovery through:
Providing guidance on SBA related requirements on various servicing requests documentation requirements and workout/liquidation strategies
Timely submission of Universal Purchase Packages to collect SBA Guarantees
Compliant litigation plans to increase banks reimbursable legal expenses
Ensure timely submission of all required SBA loan packages (Offer in Compromise Charge-Off Requests Care & Preservation of Collateral etc.)
Execute exemplary portfolio management via the following:
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 minimu
Takes part in bank events during and after hours.
Qualifications:
3-5 years of SBA experience; servicing and liquidation experience preferred
Bachelors degree preferred
Must have excellent time management and organizational skills with an attention to detail
Exceptional written and verbal communication skills along with interpersonal and customer service skills
Proficiency using Microsoft Office 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 $71000 - $110000 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 be Chicagos Bank and Wisconsins 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.
Required Experience:
Manager
Employment Type
Full-Time
