Commercial Loan Monitoring Administrator

Cook, IL

Wintrust Financial

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POSTED ON: 06/03/2023

Wintrust is a financial holding company with approximately $

50 billion assets under management and traded on the NASDAQ:

WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas.

Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.?Why join us?

An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 8 years) and Employee Recommended award by the Globe & Mail (past 6 years)Hybrid work schedule

Competitive pay and discretionary or incentive bonus eligible

Comprehensive benefit package including medical, dental, vision, life, a 401

k 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?

The Commercial Loan Monitoring Administrator is responsible for processing requests from the line of business to set-up and maintain financial covenants and reporting requirements for the charter’s commercial loan portfolios. Process document uploads to the electronic credit file system, FCM.

What You'll Do

Set-up/Update Moody’s covenant tracking system per line of business (LOB) requests, based on approval documents. Verify appropriate loan documentation for new covenant set-up, updates, and maintenance. Ensure receipt of appropriate approvals for covenant waivers and modifications.

Interact with LOB to obtain missing or incomplete information. Process account officer reassignments. Update Moody’s covenant tracking system per line of business requests.

Review Moody’s Detail Report for covenant tracking accuracy and updates. Upload documents to FCM/Image

Centre requested by the LOB. Review documents, identify correct classification and make necessary updates when needed. Adhere to strict naming conventions and categorization guidelines. Create folders for all the Covenant requests processed in Department’s shared drive.

Provide client support for assigned charters. Respond to and troubleshoot internal inquiries and issues. Bring issues to the attention of the Supervisor. Qualifications and Experience 5-7 years commercial banking experience required; general knowledge and understanding of commercial lending and credit terms.

Associate Degree or Equivalent; Bachelor’s degree a plus. Ability to perform duties with a high degree of accuracy and attention to detail.

#LI-HYBRIDFrom 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.

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