Wintrust Financial Corporation in
Factoring Portfolio Manager, Wintrust Receivables Finance
Wintrust Financial Corporation in - Chicago, Illinois, United States, 60290
Work at Wintrust Financial Corporation in
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Overview
Factoring Portfolio Manager, Wintrust Receivables Finance (Sales)
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.
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 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.
Promote from within culture.
The
Factoring Portfolio Manager
manages daily collateral and loan analysis for their assigned portfolio of Wintrust Receivable Finance clients and assists in new client onboarding. Reporting directly to the Team Lead, the Portfolio Manager is the main point of contact between Wintrust Receivable Finance and our clients. What You'll Do Work closely with Assistant Portfolio Manager in day-to-day responsibilities including but not limited to: Maintaining an effective line of communication on assigned accounts to ensure a high level of portfolio monitoring. Monitoring and updating ticklers, ensuring client is in compliance with collateral reporting (AR, AP, financials, etc.). Monitoring Account Debtor purchase limits, ensuring timely reviews and updates. Reviewing and purchasing the assignment schedules after they have been processed. Work with the borrower to resolve any questions/issues relating to collateral, reporting requirements, etc. and approve daily client advance requests. Complete necessary Credit Approval documents for prospects, renewals, line increases, etc. Review trend cards and actively participate in portfolio reviews. Adhere to Bank Compliance policies and procedures. Perform all other duties as required. Qualifications Associate or bachelor's degree in Accounting, Finance, or related field preferred. Minimum 5 years of factoring and/or receivables finance experience, including commercial underwriting. Must be detail focused and well organized with the ability to multitask. Good interpersonal and customer relations skills are required to deal with clients and department personnel. Ability to proactively and confidently communicate verbally and in writing with all levels of management, clients and attorneys. Ability to work independently and use independent judgment with minimal supervision. Strong knowledge of Microsoft Office applications (specifically MS Excel) and ability to pick up on new systems quickly. Compensation The estimated salary range for this role is $85,000-$115,000, 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-AC1 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.
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Factoring Portfolio Manager
manages daily collateral and loan analysis for their assigned portfolio of Wintrust Receivable Finance clients and assists in new client onboarding. Reporting directly to the Team Lead, the Portfolio Manager is the main point of contact between Wintrust Receivable Finance and our clients. What You'll Do Work closely with Assistant Portfolio Manager in day-to-day responsibilities including but not limited to: Maintaining an effective line of communication on assigned accounts to ensure a high level of portfolio monitoring. Monitoring and updating ticklers, ensuring client is in compliance with collateral reporting (AR, AP, financials, etc.). Monitoring Account Debtor purchase limits, ensuring timely reviews and updates. Reviewing and purchasing the assignment schedules after they have been processed. Work with the borrower to resolve any questions/issues relating to collateral, reporting requirements, etc. and approve daily client advance requests. Complete necessary Credit Approval documents for prospects, renewals, line increases, etc. Review trend cards and actively participate in portfolio reviews. Adhere to Bank Compliance policies and procedures. Perform all other duties as required. Qualifications Associate or bachelor's degree in Accounting, Finance, or related field preferred. Minimum 5 years of factoring and/or receivables finance experience, including commercial underwriting. Must be detail focused and well organized with the ability to multitask. Good interpersonal and customer relations skills are required to deal with clients and department personnel. Ability to proactively and confidently communicate verbally and in writing with all levels of management, clients and attorneys. Ability to work independently and use independent judgment with minimal supervision. Strong knowledge of Microsoft Office applications (specifically MS Excel) and ability to pick up on new systems quickly. Compensation The estimated salary range for this role is $85,000-$115,000, 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-AC1 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.
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