ABL Operations Specialist

Wintrust Financial Corp. Chicago , IL 60602

Posted 3 weeks ago

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 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 Operations Specialist 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.


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ABL Operations Specialist

Wintrust Financial Corp.