Underwriter

Wintrust Financial

Arlington Heights, IL Posted 12/9/2024 Full Time

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.

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

Why Join Us

  • 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 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 seeking a critical thinker who’s ready to take on new challenges in support of our stakeholders’ ever-evolving business needs.

  • We are a vibrant, team-oriented atmosphere that provides opportunities for individual growth.

  • Gain experience and further your career by joining a growing organization.

Position Overview:

The Business Banking Underwriter is responsible for analyzing commercial, business, real estate and/or personal financial data collected for the purpose of issuing, extending, amending, reviewing, monitoring, and testing commercial credit and commercial real estate facilities. Responsibilities include spreading customer financial data, assigning risk ratings, and completing credit presentations for approval, all in compliance with company and regulatory lending guidelines.

What You’ll Do

  • Analyze commercial credit requests of varying complexity and including credit and financial information of businesses and individuals to determine the degree of risk associated with the extension of credit.

  • Prepare and conduct Credit Approval Presentations (CAPs) including summarizing and reporting trends and presentation to Bank’s Credit Committee.

  • Communicate directly with Relationship and Portfolio Managers as well as customers, as needed, to allow for timely and efficient underwriting of credit requests.

  • Engage in process for completing due diligence relative to real estate related transactions, which may include ordering appraisals, environmental reports, performing internal evaluations, and collateral analyses.

  • Responsible for loan monitoring and covenant testing requirements; assist in the closing of loans and reviewing and maintaining credit files and compliance reviews.

Qualifications

  • Bachelor’s degree in accounting, finance business or equivalent experience

  • Minimum 2 years’ commercial credit/underwriting experience

  • Demonstrated analytical and critical thinking skills

  • Excellent oral and written communication skills

  • Strong organizational and time management skills along with the ability to proactively manage and prioritize workflow

  • Proficient in Microsoft Office

  • Familiarity with nCino platform a plus.

  • Formal Credit training preferred.

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.

JOB LOCATION:
Arlington Heights, IL 60005

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