ABL Operations Specialist

Wintrust Financial Corporation • Chicago, IL

10d • $59,000 - $77,000 • Onsite

About The Position

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

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree