ABL Operations Specialist

Wintrust•Chicago, IL

8d•Onsite

About The Position

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.” The ABL Operations Specialist manages all the daily collateral and loan analysis for their assigned portfolio of clients.

Requirements

Associate or Bachelor’s degree in accounting or related field
3+ years’ banking or asset-based lending operations experience
Must be detail focused and well organized with the ability to multitask
Basic understanding of loan documentation
Good interpersonal and customer relations skills are required to deal with clients and Underwriting/Portfolio managers
Proactive and confident communication skills (both verbal and written) to interact with senior management, clients, attorneys, etc.
Ability to work independently and use independent judgment with minimal supervision
Strong knowledge of Microsoft Office applications (specifically MS Excel) along with ability to pick up on new systems quickly

Responsibilities

Serve as the primary borrower contact for all matters relating to collateral operations in conjunction with the Underwriting/Portfolio Manager, who has overall responsibility for the account relationship
Review, analyze, and reconcile the borrowing base certificate and supporting documentation to confirm the value of the borrower’s collateral
Calculate ineligibles and compare to client’s calculation as well as identify collateral that may not be eligible for lending
Post collateral information from the borrower’s reports to the loan system
Understand and manage accounts consistent with the Bank approvals and Loan & Security Agreement
Advise the Underwriting/Portfolio Manager of reporting inadequacies and problems; under the Underwriting/Portfolio Manager’s direction, work with the borrower to resolve these problems
Monitor and update ticklers, ensuring client is in compliance with collateral reporting (BBC, AR, AP, Inventory, Financials, etc.)
Maintain an effective line of communication with the Underwriting/Portfolio Manager on assigned accounts, and alert them to any unusual trends observed in performing routine job duties
Maintain a professional and courteous manner with all borrowers, including assisting borrowers by answering questions and resolving problems promptly
Ensure all client information is saved properly on the server
Adhere to Bank Compliance policies and procedures
Performs all other duties as required