Portfolio Manager II, CRE
Wintrust Financial Corporation•Rosemont, IL
•$85,000 - $110,000
About The Position
The Portfolio Manager II, CRE will assist and manage a portfolio of commercial real estate credits/relationships in a fast-paced, regulated environment. The ideal candidate is initiative-taking, has strong analytical and writing skills, and can multi-task across job functions, various client needs and competing bank priorities.
Requirements
- Bachelor’s degree (Business, Finance, Accounting or Economics preferred)
- Strong understanding of general credit and risk principles, and banking policies/procedures; formal bank credit training is preferred
- Minimum 3 years’ commercial real estate credit, portfolio management and/or commercial lending experience
- Strong analytical and business writing skills
- Experience with cash flow modeling, lease abstracting and financial statement analysis
- Good interpersonal skills with internal partners, counsel, clients and senior management
- Accounting and finance knowledge, as well as knowledge of real estate fundamentals and concepts
Responsibilities
- Provide accurate financial analysis, profitability, and risk assessment to make lending decisions on new, renewal and extension loans for the following asset types: multifamily, office, medical office, industrial, retail, and self-storage
- Create comprehensive, detailed, and thoughtful opportunity memos and full credit approvals for new business clients which will include client and sponsors’ background, history, market experience and global real estate portfolio
- Independently analyze credit and financial information of property and individuals to determine the degree of risk associated with the extension of credit
- Oversee documentation and ongoing monitoring of asset and client performance
- Work with relationship managers and loan administration to facilitate loan closings, modifications, and renewals
- Proactively manage covenant compliance testing for existing clients and new clients on an ongoing basis
- Review and process construction draws in conjunction with the construction loan administration department, title company and borrower
- Work with external and internal business partners on review of deal related legal documents
- Develop a working knowledge of credit/loan policy for credit requests and exceptions
- Review credit approval memorandums and attorney-prepared loan documents for new and renewed loans to ensure compliance and adherence to the loan approval guidelines
- Interact with lending staff, deal teams and clients in a welcoming and professional manner
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
- Competitive pay and annual discretionary bonus eligible
- Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company matches and tuition reimbursement to name a few
- Family-friendly work hours
- Promote from within culture
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
