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SVP, Head of Credit Portfolio Management
Wintrust
Chicago, IL, United States
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Description
Wintrust Financial Corporation is currently looking for an experienced SVP, Head of Portfolio Management to support the credit needs of the middle market Commercial Lending (C&I) team at Wintrust Bank. As a senior manager, the primary responsibility will be overseeing the risk management processes, and all underwriting needs of the existing portfolio. This position will oversee a team of portfolio managers, and will work with Commercial Lenders, to ensure the ever growing needs of the portfolio are being addressed timely and efficiently. This individual will work directly the Chief Credit Officer and is based in the heart of the loop at 231 S. LaSalle St.
Job Description:
Portfolio Management – proactively manage the Commercial Banking portfolio consisting of middle market C&I transactions. Specific responsibilities will be to ensure that the following items are being addressed: borrowing base reports and availability trends are being reviewed and analyzed; financial statement and covenant compliance certificates are being reviewed and analyzed; monitor reporting exceptions; approve and review annual reviews; approve and renew existing transactions; approve ACH annual reviews; and any other risk assessments that may be required. Key objective is to recognize and manage early warning signs via regular financial and collateral reviews.
Credit Underwriting – proactively manage the underwriting of all renewals and new money requests for the portfolio. Credit Approval Presentations must include the appropriate credit analysis (collateral and financial) to adequately support the Borrower/Guarantor’s ability to support the request, and all key issues and mitigants must be properly identified. Credit facilities must be structured in accordance with policy with appropriate mitigants for any exceptions.
Tracking/Reporting – provide the necessary reports to monitor the portfolio’s trends and performance to Lenders, Division Heads, Credit Officers and Executive Management.
Lead Communication with Executive Management - As the senior manager, lead communication regarding portfolio trends and risks, and any credit related discussion for individual transactions.
Qualifications:
• 15 + years of Commercial Underwriting or Portfolio Management experience.
• Experience underwriting middle market (C&I) loans.
• Experience managing a team of credit analysts/underwriters with the ability to identify, develop & retain good talent.
• The ability to confidently manage the entire credit process while working closely with the Chief Credit Officer on a daily basis.
• The ability to approve, manage and administer requests of daily commercial loan deals.
At Wintrust, we know the importance of relationships. Our clients are number one, which is why we want to make sure our people are the best and the brightest. Our employees are part of what make us who we are. Many of them have been with us since the opening of our first bank in 1991, and share a common passion for serving and supporting the communities we’re part of. As we continue to grow our family, and the areas we serve, we want to know that we are expanding to include diverse, talented, well-rounded and passionate people who will continue to form and solidify the relationships our company prides itself on.
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