Closing Consultant 1

Wintrust•Rosemont, IL

5d•$59,000 - $77,000

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.” What You’ll Do Coordinate, schedule, and lead the closing process with Deal Team (Borrowers, respective counsel and WIB) in order to achieve certainty and timeliness of closing. Process including but not limited to reviewing credit approval memorandum, creating closing checklist, compiling both internal and external closing deliverable items, decisioning adequacy of checklist receivables, circulating all information and escalating exceptions to the deal team to ensure Borrower and deal team anticipated funding dates are met. Obtains appropriate supporting documents including OFAC searches, insurance, organizational documents, and other collateral documentation and various due diligence items to verify compliance with loan approval and bank closing procedures. Coordinates the application of loan deposits and disbursement of loan proceeds to ensure funds are applied correctly and all costs and invoices as paid at loan closing; collect all third-party invoices for closing; follow for internal/external payoff letter required; calculate loan fees. Final review of closing disbursement documents to make sure all figures are accurate and coordinate any syndicated loans with external and/or internal participants. Co-ordinate the receipt of the participant's approvals and signed docs with Loan Ops for timely receipt of funds at closing. If the loan is a SWAP transaction, check for documentation. On syndicated transaction, coordinate with Capital Markets and Deal Team for timely approval and receipt of closing deliverables. Co-ordinate with Finance if SWAP is involved; ensure proper documentation to effect SWAP is completed Wire approval authority Overdraft approval

Requirements

Bachelors Degree or higher/ Equivalent Experience
Minimum 2-5 years’ commercial loan closing experience preferred
Problem Solving: Resolves non-routine problems with specialized knowledge
Proactive / confident communication skills (both verbal and written) required to interact with clients, outside vendors, and internal stakeholders
High level of organization and time-management with keen attention to detail and the ability to respond quickly to changes in priorities and tasks
Proficient in MS Office including Excel and PowerPoint along with the ability to pick up on new systems quickly

Responsibilities

Coordinate, schedule, and lead the closing process with Deal Team (Borrowers, respective counsel and WIB) in order to achieve certainty and timeliness of closing.
Process including but not limited to reviewing credit approval memorandum, creating closing checklist, compiling both internal and external closing deliverable items, decisioning adequacy of checklist receivables, circulating all information and escalating exceptions to the deal team to ensure Borrower and deal team anticipated funding dates are met.
Obtains appropriate supporting documents including OFAC searches, insurance, organizational documents, and other collateral documentation and various due diligence items to verify compliance with loan approval and bank closing procedures.
Coordinates the application of loan deposits and disbursement of loan proceeds to ensure funds are applied correctly and all costs and invoices as paid at loan closing; collect all third-party invoices for closing; follow for internal/external payoff letter required; calculate loan fees.
Final review of closing disbursement documents to make sure all figures are accurate and coordinate any syndicated loans with external and/or internal participants.
Co-ordinate the receipt of the participant's approvals and signed docs with Loan Ops for timely receipt of funds at closing.
If the loan is a SWAP transaction, check for documentation.
On syndicated transaction, coordinate with Capital Markets and Deal Team for timely approval and receipt of closing deliverables.
Co-ordinate with Finance if SWAP is involved; ensure proper documentation to effect SWAP is completed
Wire approval authority
Overdraft approval