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Loan Processing Specialist - Intermediate Level - 241036

at Wintrust Financial Corporation in Rosemont, Illinois, United States

Job Description

Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.

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

Job Description Summary

The Loan Processing Specialist reviews and books customer, commitment, new loan, and renewals in FIS for Commercial, Commercial Real Estate, Wealth Management, Managed Assets Department, Retail, and Community Lending portfolios;

What Youll Do

  • Ensures proper booking of new commercial and consumer loans, renewals, amendments and letter of credit including the earnings of all loan fees/costs in accordance to Financial Accounting Standards and Financial Management policy.
  • Process loan payments, advances, maintenance, transactions related to specialty products.
  • Monitors and processes loan requests and inquiries submitted in the Loan Operations mailbox.
  • Ensures that all transactions between the loan system and general ledger are balanced. Research and resolve general ledger differences.
  • Provides customer service to internal customers.
  • Books Specialty Products including Leases, SWAPs, SBA loans, Participated Loans, and loans in workout.
  • Sets up Escrow and Collateral Records.
  • Maintain acceptable error and volume rates each month.
  • Perform other functions as assigned.

Training/ Education/ Experience Required

  • 3+ years experience in financial services
  • Loan Booking experience; loan servicing or loan documentation experience a plus
  • High school diploma or equivalent required
  • General computer skills
  • Must have significant experience with commercial loans
  • Must have significant back-office loan processing experience with commercial , residential and small business loans

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%...

Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity

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Job Posting: 11918577

Posted On: May 22, 2024

Updated On: Jun 21, 2024

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