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Urgent! Small Business Administration (SBA) Portfolio Manager Job Opening In Des Plaines – Now Hiring Wintrust Financial Corporation

Small Business Administration (SBA) Portfolio Manager



Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses.

Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots.

We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois.

Our people are the heart of our business and we are proud to rank consistently as a top place to work.

Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”

The SBA Portfolio Manager is responsible for managing and being the primary point of contact for the existing SBA loan portfolio – including monitoring, analyzing, and providing guidance to internal product partners on post-closing SBA servicing and liquidation activities throughout Wintrust Financial Corporation.

You will be responsible for managing certain credit relationships – including gathering, analyzing and underwriting all business and personal financial data for the purpose of issuing, extending, amending, and reviewing a commercial credit facility.

You are expected to be the liaison between the bank and the SBA to ensure consistent compliance with SBA rules and regulations to preserve the SBA guaranty.

Responsibilities:

  • Oversee internal and external SBA audits as the primary contact for Wintrust’s 16 charter banks.

  • Establish and maintain relationships with community bankers, business bankers, SBA team members and Managed Assets Department within Wintrust Community Banks to appropriately service the existing SBA portfolio and ensure continued SBA compliance.

  • Be a resource regarding SBA compliance on new loan originations regarding eligibility, closing requirements, etc.

  • Work with charter banks to evaluate SBA servicing requests using a thorough knowledge of loan policy, guidelines, procedures and SBA standard operating procedures.

    Coordinate quarterly SBA problem loan discussions.

    When appropriate, prepare credit memorandums documenting servicing approvals.

  • Collaborate with Managed Assets to ensure compliance with SBA’s servicing & liquidation procedures to maximize recovery through:

    Providing guidance on SBA related requirements on various servicing requests, documentation requirements, and workout/liquidation strategies

    Timely submission of Universal Purchase Packages to collect SBA Guarantees

    Compliant litigation plans to increase bank’s reimbursable legal expenses

    Ensure timely submission of all required SBA loan packages (Offer in Compromise, Charge-Off Requests, Care & Preservation of Collateral, etc.)

  • Execute exemplary SBA portfolio management and servicing by maintaining appropriate risk rating on all SBA credits, managing administrative past dues and delinquencies, and keeping documentation exceptions to a minimum.

  • Takes part in bank events during and after hours.

  • Qualifications:

  • 3+ years of SBA experience; servicing and liquidation experience preferred

  • Bachelor's degree preferred

  • Must have excellent time management and organizational skills with an attention to detail

  • Exceptional written and verbal communication skills, along with interpersonal and customer service skills

  • Proficiency using Microsoft Office products

  • 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 $80,000 - $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.

    #LI-HYBRID

    #LI-KP1

    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.


    Required Skill Profession

    Operations Specialties Managers



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