ABL Collateral Analyst (Finance)
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years)
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
With 175+ community bank locations, we offer opportunities to grow and develop in your career
Promote from within culture
The ABL Collateral Analyst manages all the daily collateral and loan analysis for their assigned portfolio of clients.
What You'll Do
Serve as the primary borrower contact for all matters relating to collateral operations in conjunction with the Account 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 clients 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, ensuring all client information is saved properly on the server
Understand and manage accounts consistent with the Bank approvals and Loan & Security Agreement
Advise the Account Manager of reporting inadequacies and problems; under the Account 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 Account 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
Adhere to Bank Compliance policies and procedures
Perform all other duties as required
Qualifications
Associate or Bachelor's degree in accounting or related field
5+ years' banking or asset-based lending operations experience
Must be detail focused and well organized with the ability to multi task
Basic understanding of loan documentation
Good interpersonal and customer relations skills are required to deal with clients and account 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
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
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From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago's Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.
