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Underwriter - Oak Lawn, IL. at Wintrust Financial Corporation

Posted in General Business 30+ days ago.

Type: Full-Time
Location: Oak Lawn, Illinois





Job Description:

Founded in 1991 with the idea to be the alternative to the big banks, Wintrust has since grown into a financial services company with more than $45 billion in assets, headquartered in Rosemont, Illinois. Through our multiple companies and divisions, we provide traditional community banking and commercial banking services, wealth management solutions, commercial and life insurance premium financing, mortgage origination, and short-term accounts receivable financing and certain administrative services, such as data processing of payrolls, billing, and treasury management services. We provide community-oriented personal and business banking services to customers located in the greater Chicagoland area, northwest Indiana, and southern Wisconsin through more than 175 community bank locations.

 

Beverly Bank and Trust is recruiting for an Underwriter to support our Business Banking team.  You will work alongside relationship managers, business development managers, portfolio managers, and others to develop a deep understanding of the operating performance and potential borrowing needs of prospective clients. You also will assist relationship managers with ongoing support of existing clients.

Your responsibilities may include:


  • Evaluating business banking loan requests (Real Estate, Business Banking and Community Banking loans under $5 million) using a thorough knowledge of loan policy, guidelines, and procedures. 

  • Analyzing commercial, business, and personal financial data collected for the purpose of issuing, extending, amending, reviewing, and monitoring commercial credit facilities.

  • Analyzing a company’s financial, operational, and management strengths and weaknesses to minimize capital, balance sheet, and reputation risk.

  • Preparing company annual financial reviews and underwriting memos focusing on a company’s leverage, key risk factors, sources of repayment, cash flow, and ability to service debt.

  • Preparation of Financial Spreads and covenant tracking as well as ACH portfolio oversight.

  • Preparation of commercial real estate analysis to include review of loan structure, property analysis, market analysis, property cash flow to determine ability to service debt, covenant compliance, and collateral evaluation including evaluation of appraisal reports.

  • Other responsibilities and duties as assigned.

     Qualifications:




  • Bachelor’s degree.  (Business, Finance, Economics or Accounting preferred)

  • 0-3 years’ experience underwriting business loan requests.  Formal credit training is a plus.



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, national origin, citizenship status, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.





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