SBA Lending Officer

Wintrust Financial Milwaukee , WI 53201

Posted 3 months ago

Wintrust Financial Corporation (Wintrust) is a financial services company based in Rosemont, Illinois, with approximately $30 billion in assets. We engage in the business of providing traditional community banking services, commercial banking, wealth management services, commercial insurance premium financing, life insurance premium financing, mortgage origination, short-term accounts receivable financing, and certain administrative services, such as data processing of payrolls, billing and treasury management services. We provide community-oriented, personal and commercial banking services to customers located in the greater Chicago, Illinois and southern Wisconsin areas through our 15 wholly-owned banking subsidiaries.

This position is responsible for loan production of SBA loan products (7a, Express and 504). This includes, but is not limited to:

  • Serving as the team's primary contact with customers and prospects

  • Source SBA loan opportunities through Wintrust Community Bank network.

  • Commence developing contacts so the SBA banker can self-source SBA loan opportunities in the future.

  • Work with SBA closing department to ensure timely and accurate closing of SBA Loans.

  • Clearing exceptions, monitoring annual financial performance including site visits and ensuring completeness of loan file.

  • Monitoring delinquency and collecting past due payments.
    1.Generate new small business relationships for Wintrust Community Banks (internal referrals) through utilization of the SBA loan programs and Wintrust treasury management services.
    2.Make and Maintain relationships of small businesses bankers, business bankers and middle market lenders within Wintrust Community Banks.
    3.When appropriate, introduce other Wintrust partners to small business contacts, prospects and bank customers.
    4.Evaluates SBA loan requests using a thorough knowledge of loan policy, guidelines, procedures and SBA standard operating procedures. If appropriate, move the transaction into the credit department for formal underwriting.
    5.Analyzes industries and have a thorough knowledge of risk associated with those industries. Assesses the risk inherent in each industry and suggest appropriate financing structures accordingly.
    6.Monitors portfolio for individual loan delinquencies. Work with originating banker and take action to collect payments.
    7.Monitor tickler system report (Baker Hill) for accurate tracking and reporting of borrower required reporting including financial statements, tax returns, annual site visits, etc. Takes proactive steps to remedy exceptions keeping them to a minimum at all times.
    8.Exhibits thorough knowledge of fair lending issues, rules and various regulations that directly impact the commercial lending area (e.g. Regulation B, FACT Act, HMDA, CRA, etc.)
    9.Seeks alternative means of financing or counter offers for all borrowers, if appropriate, when it is determined that the original request cannot be accommodated.


  1. Demonstrates effective time management by balancing multiple priorities within individual workload.
  2. Communicates with and effectively interacts with all levels of management, including credit underwriting personnel, loan operations staff and related departments.
  3. As directed by management undertakes portfolio monitoring actions to identify shifts in risk trends and portfolio performance.
  4. Performs other duties as assigned or required.
    1.Strong understanding of the Small Business Administration's Standard Operating Procedures.
    2.Requires sound understanding of commercial credit including cash flow, evaluation of management and collateral.
    3.Excellent verbal and written communication skills.
    4.Computer skills: Thorough knowledge of Word and Excel. Comfortable with and adaptive to working in an evolving electronic environment.
    5.Bachelor's degree. Preferably in a business related field such as accounting or finance.
    6.Minimum of 5 years of commercial underwriting or commercial relationship management experience is required. Formal credit training is a plus.

We provide an engaging, dynamic work environment, an excellent compensation package including 401k, employee stock purchase plan, medical/dental, life insurance and more!

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, ethnicity, gender, sexual orientation, gender identity, national origin, veteran status, or disability.


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SBA Lending Officer

Wintrust Financial