Portfolio Manager II, Community Development
Location: Chicago, IL
Employment Type: Full-time
Requisition ID: 261008
About the Employer
Wintrust is a $66 billion financial institution based in Rosemont, Illinois, providing community and commercial banking, specialty finance and wealth management services through 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to relationship-focused, personalized service rooted in community banking. The company serves clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin, along with commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, and throughout Illinois. Wintrust is listed on the NASDAQ Global Select Market under the symbol "WTFC" and consistently ranks as a top place to work.
What You'll Do
- Underwrite existing LIHTC debt and equity portfolio credit approvals for renewals and other credit requests pertaining to existing clients
- Underwrite opportunity memos and full credit approvals for new affordable housing business clients
- Independently analyze credit and financial information of property and individuals to determine the degree of risk associated with extension of credit or investment of equity
- Proactively manage covenant compliance testing for existing and new clients on an ongoing basis
- Develop working knowledge of credit and loan policy for credit requests and exceptions
- Perform collateral analysis of current and prospective customers
- Actively participate in existing client and potential new client meetings and site visits with banking team
- Handle various aspects of customer relationships except negotiations pertaining to pricing and loan structuring
- Maintain Annual Review forms for multi-year CRE borrowing facilities for existing clients
- Work with external and internal business partners on review of deal-related legal documents and assist with closings
- Monitor, track, and manage reporting requirements and loan documentation exception process
- Communicate effectively with Credit and Commercial Real Estate Banking Officers
Required Qualifications
- 3+ years of commercial real estate and credit experience, with experience working on LIHTC transactions and working knowledge of banking environment, products and supporting processes and technology
- Bachelor's degree (Business, Finance, Accounting or Economics preferred)
- Intermediate to advanced understanding of LIHTC
- Proficiency in MS Office: Excel, Word, PowerPoint, and financial forecast models
- Strong analytical and organizational skills with ability to proactively manage and prioritize workflow
- Strong interpersonal skills with proven ability establishing client relationships and working within a team environment
Preferred Qualifications
- Formal bank credit training
- Strong understanding of general credit and risk principles, banking policies and procedures
Compensation
$85,000–$110,000, 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.
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, and pet insurance.
Equal Opportunity Statement
Wintrust Financial Corporation is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.
