Portfolio Analyst

Newark, DE - USA

Monthly Salary: $ 24 - 29

Posted on: 28 days ago

Vacancies: 1 Vacancy

Job Summary

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 Portfolio Analyst role will assist Portfolio Management in the day-to-day monitoring of outside assets pledged as collateral. This will include identifying transactions for unsecured positions and supporting production related programs. The Portfolio Analyst will demonstrate an analytical mindset with strong attention to detail.

What Youll Do

Assists Supervisor in ensuring that brokerage statements are received and entered into the system in a timely manner. This may include processing incoming mail with sensitive financial information data entry and the ensuring that compliance is met in the physical and digital handling of documents.
Leverages internal reporting tools to identify stale data elements tied to brokerage collateral records. Works with external collateral holding companies and internal loan teams to obtain updated value statements. Ensures that the collateral holding companies and the clients are adhering to their obligations outlined in legally binding documents like Control and Security Agreements.
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. Coordinates with loan teams Senior Portfolio Analysts and Supervisor to record loans that are only temporarily unsecure in the system due to ongoing transactions or system adjustments.
Assists Senior Portfolio Analysts in preparing the Collateral Management Meeting reports. Records minutes for the meeting and assists in compiling the teams comments to publish and distribute.
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.

Qualifications

Associates Degree
0-3 years of experience
General computer skills - basic Excel knowledge

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 $24.00 - $29.00 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:

What Youll Do

Assists Supervisor in ensuring that brokerage statements are received and entered into the system in a timely manner. This may include processing incoming mail with sensitive financial information data entry and the ensuring that compliance is met in the physical and digital handling of documents.
Leverages internal reporting tools to identify stale data elements tied to brokerage collateral records. Works with external collateral holding companies and internal loan teams to obtain updated value statements. Ensures that the collateral holding companies and the clients are adhering to their obligations outlined in legally binding documents like Control and Security Agreements.
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. Coordinates with loan teams Senior Portfolio Analysts and Supervisor to record loans that are only temporarily unsecure in the system due to ongoing transactions or system adjustments.
Assists Senior Portfolio Analysts in preparing the Collateral Management Meeting reports. Records minutes for the meeting and assists in compiling the teams comments to publish and distribute.
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.

Qualifications