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Junior Loan Analyst
Wintrust
Jersey City, NJ, United States
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Description
As the largest life insurance premium finance company in the U.S., Wintrust Life Finance has built a reputation for superior service, innovation, and flexibility.
During the last decade, Wintrust Life has grown from a $300 million finance company to more than a $3.8 billion finance company. We achieved this growth by hiring the best and brightest, giving them the tools to excel and trusting them to take the lead with managing relationships with the most successful life insurance representatives in the country and their high net worth clientele.
We service the high net worth market and pride ourselves on providing white-glove service. Life insurance premium finance is a valuable strategy for individuals who have a need for life insurance but wish to defer the majority of the cost of their premiums. Premium finance opens up many opportunities for the client; the most significant is leveraging a productive asset. By financing life insurance premiums, the client can continue to employ capital for existing and future investments and still get the valuable life insurance coverage they need.
Wintrust Life Finance is a subsidiary of Wintrust Financial Corporation, a $22 billion+ financial services holding company and one of the fastest growing financial services company around!
Our office seeks a Jr Loan Analyst. The day-to-day responsibilities would include:
Job duties
• Maintain a “customer is first” environment to meet or exceed expectations and needs
• Preparing and issuing loan packages
• Protect the Bank’s assets and maintain quality of the portfolio by adhering to lending policies and procedures
• Ensure that credit decisions and recommendations are made in accordance with credit principals and in compliance with policies
• Oversee documentations and ongoing monitoring of assets and client portfolio
• Prepare credit correspondence
• Follow-up with brokers/clients to ensure that requirements needed for renewals and reviews are collected and delivered on a timely basis
• Increase existing client business by identifying cross-selling opportunities in lending and deposits
• Coordinate with Credit Officers, Portfolio Management and Legal Counsel to approve premium finance loans
• Manage and monitor defaulted loans by assisting brokers/clients to meet their client’s unique circumstances and requests
• Oversee all phases of loan processing, including exposure model generation, legal document preparation, funding, collateral management and default/liquidation
• Compile in depth credit recommendation summaries through the analysis of tax returns, financial statements, brokerage accounts, and credit reports
• Performs other duties and responsibilities as assigned by management
Qualifications
Requirements
• Bachelor’s degree (finance or accounting backgrounds preferred)
• Insurance certification is a plus, but not required
• Highly organized and detail oriented
• Have strong interpersonal skills (oral and written)
• Be customer service-oriented
• Ability to multi-task
Wintrust Financial Corporation (including community banking and financial services subsidiaries) is an Equal Opportunity/Affirmative Action/Veterans/Disability employer.