Senior Closing Consultant, Franchise Finance

Wintrust•Rosemont, IL

16d•$71,000 - $92,000•Remote

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 closing conferences and closing process with Deal Team (Borrowers, respective counsel and WFF) in order to achieve certainty and timeliness of closing. Process including but not limited to reviewing credit approval memorandum, create closing checklist, compiling both internal and external closing deliverable items, decisioning adequacy of receivables (e.g. liability insurance, flood insurance, asset listings, lease and franchise agreement review) Circulate all information and escalate exceptions to the deal team to ensure Borrower and deal team anticipated funding dates are met. Obtain appropriate supporting documents including title work, flood and OFAC searches, insurance, organizational documents, real estate collateral documentation and various due diligence items to verify compliance with loan approval and bank closing procedures. 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; insure proper documentation to effect SWAP is completed Prepare the Settlement Statement and coordinate, as applicable, with the outside title company; collect all third-party invoices for closing; follow for internal/external payoff letter required; calculate loan fees; confirm deposit to be applied to fees or returned to Borrower. Prepare and review closing disbursement documents to make sure all figures are accurate and co-ordinate 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. Comply with all bank policies and procedures as well as applicable state and federal regulations and complete all required compliance training in a timely manner Performs other duties as required

Requirements

Bachelor’s degree or higher or equivalent work experience
5-10 years of Franchise Loan Closing experience
Must be comfortable leading closing calls with other professionals, asking questions and articulating potential problems and propose solutions to closing team, bank senior management and legal counsel
Exceptional verbal and written communications skills
Strong problem solving and critical thinking skills
Excellent organizational skills with the ability to proactively manage and prioritize workflow
Strong client service skills
Proficiency using Microsoft Office software products

Responsibilities

Coordinate, schedule and lead closing conferences and closing process with Deal Team (Borrowers, respective counsel and WFF) in order to achieve certainty and timeliness of closing.
Process including but not limited to reviewing credit approval memorandum, create closing checklist, compiling both internal and external closing deliverable items, decisioning adequacy of receivables (e.g. liability insurance, flood insurance, asset listings, lease and franchise agreement review)
Circulate all information and escalate exceptions to the deal team to ensure Borrower and deal team anticipated funding dates are met.
Obtain appropriate supporting documents including title work, flood and OFAC searches, insurance, organizational documents, real estate collateral documentation and various due diligence items to verify compliance with loan approval and bank closing procedures.
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; insure proper documentation to effect SWAP is completed
Prepare the Settlement Statement and coordinate, as applicable, with the outside title company; collect all third-party invoices for closing; follow for internal/external payoff letter required; calculate loan fees; confirm deposit to be applied to fees or returned to Borrower.
Prepare and review closing disbursement documents to make sure all figures are accurate and co-ordinate 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.
Comply with all bank policies and procedures as well as applicable state and federal regulations and complete all required compliance training in a timely manner
Performs other duties as required