Loan Closing Specialist (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.
Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.
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 discretionary or incentive 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
Why join this team?
We are a vibrant, team-oriented atmosphere that provides opportunities for individual growth
We are seeking a critical thinker that's willing to learn and not afraid of taking on new initiatives
Wintrust has a great compliance culture that comes from the top
Position Overview:
The Commercial Loan Specialist facilitates the loan closing process for Middle Market Commercial Lending and Commercial Real Estate (CRE) lines of business by serving as a liaison between lenders, external legal counsel, title insurance representatives and loan operations during all aspects of loan documentation from the time legal counsel is engaged through the end of the loan closing process. This position is located downtown Chicago at 231 S. LaSalle and is currently hybrid.
What you will be doing:
Obtains appropriate supporting documents including title work, flood and OFAC searches, insurance, organizational documents, real estate collateral documentation and various due diligence items to verify compliance with loan approval and bank closing procedures.
Reviews credit approval memorandum and attorney-prepared loan documents only for new and renewed loans to ensure compliance and adherence to the loan approval guidelines.
Manages the loan closing pipeline and communicates timelines with internal loan operations department, lenders, title companies, and attorneys throughout the loan process.
Coordinates the application of loan deposits and disbursement of loan proceeds to ensure funds are applied correctly and all costs and invoices as paid at loan closing
Qualifications:
3-5 years of relevant experience. Must have previous CRE and C&I Middle Market loan closing experience
Must be comfortable asking questions and articulating potential problems to bank senior management and/or legal counsel
Loan system knowledge (ACBS, IBS/FIS) preferred
Advanced computer skills
Ability to work in a fast-paced environment
Attention to detail
Ability to prioritize
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 $58,000-$72,000, 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.
