SVP, Underwriter - Franchise Finance (Finance)
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 11 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
Under the umbrella of underwriting and portfolio management of the risk administration processes for the Franchise Finance group, the SVP, Underwriter is responsible for gathering, analyzing, and presenting business and personal financial data. In this role, you will liaise between all parties to ensure timely and efficient tracking and analysis that meets the expectations of the Borrowers, Lenders, and Administration Teams.
What You'll Do
Underwrite credit requests in the franchise finance space
Prepare, review, and present credit summaries for approval
Collect, spread, analyze, and maintain financial statements
Support loan documentation, due diligence, and closing efforts
Participate in opportunity assessment and prospecting process
Prepare borrower, brand and portfolio reviews
Test and monitor financial covenants consistent with loan requirements
Maintain timely and accurate risk ratings
Understand and adhere to Credit/Bank policies and procedures
Complete all required compliance training in a timely manner
Understand and negotiate loan documentation and syndicated loans and communicate with loan syndicate
Qualifications
Bachelor's degree with a business, finance, economics, or accounting major
Minimum 7 years' commercial credit experience
Formal Bank credit training is preferred, with a strong understanding of general credit and risk principles, mitigates, and banking policies/procedures
Extensive knowledge of underwriting, franchise finance asset class, deal structuring, document negotiation and general knowledge about all areas of team production
High attention to detail and strong communication skills
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 $117,000-$158,000, 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.
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.
