Senior Portfolio Analyst
Senior Portfolio Analyst
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Job Description
As the largest life insurance premium finance company in the country Wintrust Life Finance provides customized financing solutions to qualified borrowers seeking to finance their life insurance premiums. Our financing solutions have supported numerous planning structures including traditional wealth transfer key-man insurance buy-sell arrangements split dollar arrangements term alternatives charitable giving income replacement strategies and more. Wintrust Life Finance is a subsidiary of Wintrust a financial services company with more than $66 billion in assets.
The Senior Portfolio Analyst coordinates with internal and external parties to ensure pledge assets meet the needs of the company and this role you will demonstrate strong attention to detail ability to exercise sound discretion and have an aptitude for cross-functional collaboration.
What Youll Do
- Assists Supervisor in ensuring that brokerage statements are received and entered into the system in a timely manner. Assists and guides Portfolio Analysts in following up with external parties to retrieve missing value statements. Helps provide upkeep to all related reporting and contact lists. Helps identify transactions that have become unsecured and interacts with Supervisor and senior management to ensure that soft default / default letters are issued in a timely manner. Reviews the work of Portfolio Analysts before any correspondence is initiated with Senior Management regarding these transactions.
- Leverages internal reporting tools to identify data discrepancies within the system. Ensures all booked loans continue to meet collateral requirements and investigates potential system issues on behalf of the loan teams. Works with related internal parties to resolve these issues via system adjustments keeping track of moving or in-progress collateral transactions creating IT tickets for systemic problems and/or reporting the loans status to Senior Management.
- Assists in the preparation and maintenance of all Portfolio Management reporting. Is responsible for ensuring the accuracy of these reports that will be published and distributed to Senior Management loan teams and other departments. Facilitates the Collateral Management Meeting Report and records minutes accordingly.
- Reviews collateral values within approval limits to make sure the Administrative System aligns with value statements and that provenance is valid. Provides signing authority on behalf of the Portfolio Management Department via Secondary Reviews and Snapshots for loans set to fund. Offers guidance and feedback to New Business and Renewal Departments to ensure collateral management funding requirements are met. Helps to ensure company guidelines are broadly and strictly enforced throughout this process.
- Supports Multi-Life Loan Program as needed. This may include data entry data clean up or reconciliation confirming details of legal documents verifying sensitive personal information of parties to the deal and other underwriting support.
- Manages custody of all collateral items in safe to ensure they are properly accounted for. Some of the items in the safe are Letters of Credit Policies and other tangible collateral. Daily tracking and quarterly inventory are required. Also leads the team in occasionally confirming authenticity with external banks. Updates maintains and manages digital documentation for Letters of Credit across all Portfolio Management reporting Snapshots Letter of Credit Approval forms and system records. Provides signing authority for Letter of Credit Approval forms on behalf of the Portfolio Management Department. Processes and informs loan teams and Credit Department of incoming mail that may alter nullify or replace existing Letters of Credit.
Qualifications
- Bachelors degree preferred
- 2-3 years of experience; preferably in Financial Services or Insurance industries
- Attention to detail
- Intermediate Excel skills
- Experience with Microsoft Suite
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 hourly rate for this role is $28.21 - $30.77 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 IC
Employment Type
Full-Time
