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ABL Operations Specialist

Wintrust Financial Corporation
Chicago, USA
Full-time
Mid · 3+ years experience
Onsite
Discovered 2 weeks ago

Full Job Posting

Qualifications

  • Associate or Bachelor’s degree in accounting or related field
  • 3+ years’ banking or asset-based lending operations experience
  • Must be detail focused and well organized with the ability to multitask
  • Basic understanding of loan documentation
  • Good interpersonal and customer relations skills are required to deal with clients and Underwriting/Portfolio managers
  • Proactive and confident communication skills (both verbal and written) to interact with senior management, clients, attorneys, etc.
  • Ability to work independently and use independent judgment with minimal supervision
  • Strong knowledge of Microsoft Office applications (specifically MS Excel) along with ability to pick up on new systems quickly

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 $59,000-$77,000, 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.
  • 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 build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. 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, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

Responsibilities

  • Serve as the primary borrower contact for all matters relating to collateral operations in conjunction with the Underwriting/Portfolio Manager, who has overall responsibility for the account relationship
  • Review, analyze, and reconcile the borrowing base certificate and supporting documentation to confirm the value of the borrower’s collateral
  • Calculate ineligibles and compare to client’s calculation as well as identify collateral that may not be eligible for lending
  • Post collateral information from the borrower’s reports to the loan system
  • Understand and manage accounts consistent with the Bank approvals and Loan & Security Agreement
  • Advise the Underwriting/Portfolio Manager of reporting inadequacies and problems; under the Underwriting/Portfolio Manager’s direction, work with the borrower to resolve these problems
  • Monitor and update ticklers, ensuring client is in compliance with collateral reporting (BBC, AR, AP, Inventory, Financials, etc.)
  • Maintain an effective line of communication with the Underwriting/Portfolio Manager on assigned accounts, and alert them to any unusual trends observed in performing routine job duties
  • Maintain a professional and courteous manner with all borrowers, including assisting borrowers by answering questions and resolving problems promptly
  • Ensure all client information is saved properly on the server
  • Adhere to Bank Compliance policies and procedures
  • Performs all other duties as required

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