Business Banking Underwriter (Finance)
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 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 match 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 Business Banking Underwriter analyzes small to mid-size business and real estate opportunities submitted by origination teams and works closely with lending officers in all aspects of the loan request. The Underwriter contributes to the recommendations as it relates to the structure of a loan request, as well as identification of broader banking and relationship opportunities throughout the underwriting and portfolio management process. This individual performs various due diligence and loan documentation review functions as part of the origination and closing process. Performs other duties as necessary to support the goals and objectives of the broader business banking team, including monitoring of borrower financial performance and covenants, identification of risk factors and determination of appropriate risk rating.
What You'll Do:
Prepare and conduct Credit Approval Presentations (CAPs) including summarizing and reporting trends
Analyze commercial credit requests of varying complexity including credit and financial information of businesses and individuals to determine the degree of risk associated with the extension of credit
Review financial statements and tax returns submitted by applicants and evaluate a borrower's ability to repay. Recognize trends, positive or negative, impacting risk to repayment, the Bank's collateral position or ability of the business to satisfactorily operate. Recommend risk rating adjustments, higher or lower, supported by changes in the borrower's financial condition, collateral or other factors impacting the credit's risk.
Seek alternative means of financing or counter offers for all borrowers, if appropriate, when it is determined that the original request cannot be accommodated.
Communicate directly with Relationship and Portfolio Managers as well as customers, as needed, to allow for timely and efficient underwriting of credit requests
Partner with in-house appraisal and environmental staff in ordering and reviewing third party reports such as appraisal, environmental and property condition assessments
Foster an open dialogue and strong working relationship with Credit Administration, Loan Operations, Managed Assets Department and other groups that support the line of business
Loan monitoring and covenant testing; assist in the closing of loans and reviewing and maintaining credit files and compliance reviews
Exhibit a sense of urgency towards meeting client requests while also meeting acceptable risk parameters in order to identify problems/issues to produce timely loan modifications and risk rating changes, as appropriate
Qualifications:
Bachelor's degree in accounting, finance, business or equivalent experience
Minimum 2 years' commercial and industrial underwriting and/or portfolio management experience; formal credit training is a plus
Sound understanding of commercial credit analysis techniques including cash flow, balance sheet analysis, evaluation of collateral and personal financial condition
Strong organizational and time management skills along with the ability to proactively manage and prioritize workflow
Ability to make sound decisions in a fast-paced, time-sensitive environment
Demonstrated analytical and critical thinking skills
Excellent oral and written communication skills
Proficient in Microsoft Word and Excel; experience with nCino loan origination platform a plus
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
Compensation:
The estimated salary range for this role is $63,000 to $90,000 annually, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills, and experience.
#LI-Hybrid
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.
