Factoring Relationship Manager

Chicago, IL - USA

Monthly Salary: $ 98000 - 132000

Posted on: 14 days ago

Vacancies: 1 Vacancy

Job Summary

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 match and tuition reimbursement to name a few
Family-friendly work hours
Promote from within culture

The Factoring Relationship Manager manages daily collateral and loan analysis for their assigned portfolio of Wintrust Receivable Finance clients and assists in new client directly to the Team Lead the Relationship Manager is the main point of contact between Wintrust Receivable Finance and our clients.

What Youll Do

Work closely with the Portfolio Manager in day-to-day responsibilities including but not limited to:
- Maintaining an effective line of communication on assigned accounts to ensure a high level of portfolio monitoring
- Monitoring and updating ticklers ensuring client is in compliance with collateral reporting (AR AP financials etc.)
- Monitoring Account Debtor purchase limits ensuring timely reviews and updates
- Reviewing and purchasing the assignment schedules after they have been processed
Work with the borrower to resolve any questions/issues relating to collateral reporting requirements etc. and approve daily client advance requests
Complete necessary Credit Approval documents for prospects renewals line increases etc.
Review trend cards and actively participate in portfolio reviews
Adhere to Bank Compliance policies and procedures
Perform all other duties as required

Qualifications

Associate or bachelors degree in accounting finance or related field preferred
Minimum 5 years of factoring and/or receivables finance experience including commercial underwriting
Minimum of 2 years experience analyzing financial statements and credit profiles in support of client credit requests
Must be detail focused and well organized with the ability to multitask to meet urgent deadlines
Good interpersonal and customer relations skills are required to deal with clients and department personnel
Ability to proactively clearly and confidently communicate both verbally and in writing will all levels of management clients and attorneys
Ability to work independently and use independent judgment with minimal supervision
Strong knowledge of Microsoft Office applications (specifically MS Excel) and ability to pick up on new systems quickly

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 $98000-$132000 along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors such as a candidates qualifications skills and experience.

#LI-AC1

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:

Manager