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Senior Commercial Loan Closing Specialist

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Wintrust Financial

2024-11-06 13:49:30

Job location Vernon Hills, Illinois, United States

Job type: fulltime

Job industry: Banking & Financial Services

Job description

Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its "Different Approach, Better Results" philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.

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 annual discretionary 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

  • Promote from within culture

The Senior Commercial Loan Specialist facilitates the loan closing process for more complex and larger Middle Market Commercial Lending and Commercial Real Estate lines of business by serving as a liaison between lenders, external legal counsel, title insurance representatives and loan operations during all aspects of loan documentation from the time legal counsel is engaged through the end of the loan closing process.

What You'll Do:

  • Obtain appropriate supporting documents including title work, flood and OFAC searches, insurance, organizational documents, real estate collateral documentation and various due diligence items to verify compliance with loan approval and bank closing procedures

  • Verification of larger/more complex document checklist ensuring accuracy and timing measures completed

  • Interface independently with outside counsel

  • Handle day-to-day administrative tasks including opening retail and commercial accounts, assisting treasury management product partner, processing wires, pulling various retail reports, and assisting in coordination of internal and external participations

  • Process daily customer requests via phone and/or system such as account opening, balance inquiries, wire processing, advances, transfers, payoffs and pay downs on loans

  • Review credit approval memorandum and attorney-prepared loan documents only for new and renewed loans to ensure compliance and adherence to the loan approval guidelines

  • Manage the loan closing pipeline and communicate timelines with internal loan operations department, lenders, title companies, and attorneys throughout the loan process

  • Coordinate the application of loan deposits and disbursement of loan proceeds to ensure funds are applied correctly and all costs and invoices as paid at loan closing

Qualifications:

  • High school degree or GED

  • 5 or more years' C&I and/or CRE loan closing experience

  • Excellent verbal and written communications skills

  • Strong analytical, organizational, and time management skills along with proven ability to manage tasks in a timely and efficient manner

  • Proficiency in Microsoft Office


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


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 be Chicago's Bank and Wisconsin's Bank , we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. 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, 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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