Collateral Specialist Sr - 241097

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 Collateral Specialist Senior is responsible for assisting team members with general questions and guidance. Creating necessary exceptions for all new loans and renewals to ensure tracking of required documentation for collateral folders. Perfecting various types of collateral to ensure the Banks lien is properly recorded or stated on all collateral. Reviewing documentation packages for completeness and clear any related exceptions.

What Youll Do:

• Create exceptions for new loans and renewals to track for original documentation.
• Establish collateral lien perfection as needed (Mortgage Recording, UCC filing, Vehicle Title Liens, Deposit Holds, etc.).
• Review original loan packages for completeness and clear related exception items.
• Create collateral folders for new loans and file in the vault.
• Ensure all trailing documents are filed in their respective collateral folders.
• Research and review inquiries from the line of business regarding collateral.
• Assist with research requests, audit reviews, and department projects as needed.

Qualifications:

• High School diploma or equivalent.
• Minimum 5-7 years of experience in an office or operations environment which services and supports banking line of business.
• Highly organized and ability to complete a high volume of tasks within assigned service levels.
• IBS system experience preferred.
• Strong written and oral communication skills and organizational skills.
• Strong understanding of various loan documents, banking processing standards, best practices, and audit control procedures.

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...

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