SBA Portfolio Manager (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 11 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 match 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

Why Join This Team?

• We are a collaborative team that works together to help the customer

• We offer a flexible work schedule

What you'll do:

You will be responsible for managing the existing SBA loan portfolio – including monitoring, analyzing, and providing guidance to internal product partners on post-closing SBA servicing and liquidation activities throughout Wintrust Financial Corporation. You will be responsible for managing certain credit relationships – including gathering, analyzing and underwriting all business and personal financial data for the purpose of issuing, extending, amending, and reviewing a commercial credit facility. You are expected to be the liaison between the bank and the SBA to ensure consistent compliance with SBA rules and regulations to preserve the SBA guaranty.

• Oversee internal and external SBA audits as the primary contact for Wintrust's 16 charter banks.

• Establish and maintain relationships with community bankers, business bankers, SBA team members and Managed Assets Department within Wintrust Community Banks to appropriately service the existing SBA portfolio and ensure continued SBA compliance.

• Work with charter banks to evaluate SBA servicing requests using a thorough knowledge of loan policy, guidelines, procedures and SBA standard operating procedures.  When appropriate, prepare credit memorandums documenting servicing approvals.

• Work with Managed Assets to ensure compliance with SBA's servicing & liquidation procedures to maximize recovery through:  

  • Providing guidance on SBA related requirements on various servicing requests, documentation requirements, and workout/liquidation strategies

  • Timely submission of Universal Purchase Packages to collect SBA Guarantees

  • Compliant litigation plans to increase bank's reimbursable legal expenses

  • Ensure timely submission of all required SBA loan packages (Offer in Compromise, Charge-Off Requests, Care & Preservation of Collateral, etc.)

• Execute exemplary portfolio management via the following:

  • Coordinate quarterly SBA problem loan discussions with charter banks

  • Maintaining appropriate risk rating on all SBA credits at all times

  • Managing administrative past dues to 0% at all times

  • Managing delinquencies as close to 0% at all times

  • Keeping documentation exceptions to a minimu

• Takes part in bank events during and after hours.

Qualifications:

• 3-5 years of SBA experience; servicing and liquidation experience preferred

• Bachelor's degree preferred

• Must have excellent time management and organizational skills with an attention to detail

• Exceptional written and verbal communication skills, along with interpersonal and customer service skills

• Proficiency using Microsoft Office products

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

Compensation:

The estimated salary range for this role is $71,000 - $110,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.

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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.