Associate Closing Representative - Wintrust Financial : Job Details

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 10 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 have a culture that encourages an entrepreneurial spirit

• We offer multiple opportunities for development and upward mobility

What you'll do:

The Associate Specialty Niche Loan Closing Representative supports the more senior closers who lead and facilitate the loan closing process for Franchise Finance Deal Team. In the support position, the associate closer is expected to learn the closing process and will be trained in the pre-closing research, due diligence, and review, closing coordination responsibilities with internal and third-party professionals and well as post close audit of loan documentations items and perfected collateral. Associate will assist with the progress and acceptability of all closing components and facilitate administrative tasks for the deal team to ensure timely closing of loan transactions.

• Assist with the coordination of administration of (weekly) closing conferences and closing process with senior closers and Deal Team (Borrowers, respective counsel and WFF) to achieve certainty and timeliness of closing.

• Process including but not limited to reviewing credit approval memorandum, creating closing checklist, and collection of deliverable items, assist in collection of receivables (e.g. liability insurance, flood insurance, asset listings, lease, and franchise agreement review) circulating all information and escalating exceptions to the deal team to ensure Borrower and deal team anticipated funding dates are met.

• Assist in obtaining 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.

• Work on day-to-day administrative tasks including treasury management tasks as assigned (opening of retail and commercial accounts), assisting TM product partner, wires, pull various retail reports, assist in coordination of internal and external participations.

• Assist in preparation of the Settlement Statement and coordinate, as applicable, with the outside title company; collect all third-party invoices for closing; follow for internal/external payoff letter required; calculate loan fees; confirm deposit to be applied to fees or returned to Borrower.

• Strong focus on deposit accounts opening, servicing, and maintenance as well as treasury management support account servicing and maintenance.

• Assist in Final review of closing disbursement documents to make sure all figures are accurate and coordinate any syndicated loans with external and/or internal participants. Assist in coordination of the receipt of the participant's approvals and signed docs with Loan Ops for timely receipt of funds at closing.

Qualifications:

• 2-5 years loan closing support experience preferred.

• Bachelors' degree or equivalent experience.

• Experience with Treasury Management and Deposits preferred.

• Must have general banking/retail banking knowledge.

• Strong organizational skills with attention to detail.

• Ability to complete assigned tasks on an independent and timely basis.

• Strong desire to learn new skills and strong retention as it pertains to training and detail.

• Advanced Computer Skills

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 annual salary range for this role is $50,000-$65,000, 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-Onsite

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.