SVP, Managed Assets Division
SVP, Managed Assets Division
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$ 95000 - 175000
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 annual discretionary bonus eligible
Comprehensive benefit package including medical dental vision life a 401k plan with a generous company matches and tuition reimbursement to name a few
Family-friendly work hours
Promote from within culture
The SVP Managed Assets manages a portfolio of problem commercial loans comprised of C&I this role you will develop and execute action plans to drive least loss/highest recovery results contributing to the banks bottom line.
What Youll Do
Manage assigned portfolio of distressed loans
Conduct in-depth analysis into lending relationships in order to formulate and propose an appropriate course of action
Meet with borrowers to negotiate terms for restructure or settlement; perform site visits to inspect collateral
Interact with Wintrust Charter Banks and niche groups as problem loans are identified and assigned for active management in MAD
Enforce banks legal rights and remedies working directly with outside counsel and third-party professionals as necessary in litigation
Collect past due accounts restructure workable credits and liquidate collateral as warranted
Qualifications
Bachelors degree in business finance economics or related major
10 years commercial loan workout experience with C&I or CRE loans
Knowledge of commercial fundamentals across all asset types
Demonstrated proficiency in portfolio management and monitoring negotiating and litigation management
Strong verbal and written communication skills
Excellent analytical and organizational skills
Ability to take initiative and willingness to be flexible and accommodate changing demands
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 $95000-$175000 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.
Required Experience:
Senior Exec
Employment Type
Full-Time
