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Loan Servicing Administrator
Wintrust
Rosemont, IL, United States
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Description
Position Overview
Provide servicing support for Middle Market Lending portfolios including Capital Markets, Franchise Lending, Institutional Leverage Portfolios, First Insurance Funding, Wintrust Business Credit, Real Estate Services, Derivatives, Wealth Services, and International Services. Book & fund middle market commercial loans (including participations and syndications); post payments, advances & payoffs; process loan maintenance; and process letters of credit within the ACBS loan servicing system. Reconcile, research & clear items on loan related general ledger accounts.
Accountability
• Review and interpret commercial loan approvals and documents for proper booking on the ACBS loan servicing system. Funds loans via wire transfer system, DDA or check. Ensures proper booking and earnings of all loan fees/costs in accordance with loan documentation.
• Maintain loan system data integrity to accurately reflect loan file contents, as well as ensure accurate management reporting.
• Coordinate syndicated loan transactions ensuring timely communication of information necessary for processing. Prepare wires to external syndicate members for loan payments & pay downs.
• Process loan payments, advances, payoffs and general maintenance for Middle Market Loan Portfolios within the ACBS loan servicing system.
• Communicate and respond to inquiries from lenders, credit reporting, finance, and quality control groups.
• Review daily reports for posting rejects, SWAP rate changes, past dues and loan coding exceptions.
• Process daily interest rate changes within the ACBS loan servicing system.
• Reconcile loan control, deposit control, fed clearing and suspense general ledgers for all 15 charters. Research and correct out of balance situations.
• Work with International Services on the issuance and renewal of letters of credit.
• Review and validate daily loan notifications prior to distribution to internal clients.
• Provide effective back up for Loan Servicing Administrator I and Loan Operations Administrator.
• Extended hours required for month and quarter-end.
Qualifications
• Bachelor’s Degree or equivalent experience.
• 5 years in Commercial Loan Operations, Commercial Servicing, or 2 years Commercial Credit experience.
• 2+ years of commercial construction experience preferred.
• Understanding of complex commercial lending structures and loan documentation
• Prior experience in commercial loan operations and a good understanding of loan accounting systems, general ledger and finance interaction.
• Experience with commercial loan systems/software.
• Ability to perform duties with a high level of accuracy, meet deadlines within tight time-frames and multi-task when the situation calls for it.
• Ability to recognize and communicate special handling needs for complex loan transactions.
• Strong analytical skills.
• Participation/syndication knowledge a plus.
Wintrust Financial Corporation (Wintrust) is a financial services company based in Rosemont, Illinois, with approximately $27 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.
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/Affirmative Action/Veterans/Disability employer.