Portfolio Manager

Company: Schaumburg Bank & Trust Company
Location: Des Plaines
Posted on: May 16, 2022

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.Schaumburg Bank & Trust, N. A.' CRE team is seeking a Portfolio Manager to assist in the management of the Bank's commercial real estate loan portfolio. This role will report to the group's team lead and will materially contribute to the continued growth and oversight of the commercial real estate portfolio.Responsibilities include the following:Responsible for managing a portfolio of credit relationships - including gathering, analyzing and underwriting all business and personal financial data collected for the purpose of issuing, extending, amending, reviewing, monitoring and testing a commercial credit facility. The Employee is expected to liaise between all parties to ensure timely and efficient analysis that meets the expectations of the Borrowers, Lenders and Administration Team.Additionally, the Employee is responsible for expanding their relationships by cross-selling the Banks products and services, when appropriate. This position provides exceptional customer service by taking ownership of the customer experience.Actively participate in existing client and new client meetings/site visits with RMs.Independently analyze new projects/loan requests to determine risk profile and prepare opportunity memos as needed; work closely with RMs on loan structure, pricing and documentation.Work with external and internal business partners on review of deal related due diligence; legal documentation; etc.Actively manage annual portfolio review process, covenant testing, quarterly construction, and exception/covenant reporting by obtaining updated financials and working closely with analysts in the Northwest Underwriting Hub.Executes exemplary portfolio management via the following by:- Maintaining appropriate risk rating on all credits at all times.- Managing administrative past dues to 0% at all times.- Managing delinquencies as close to 0% at all times.- Keeping documentation exceptions to a minimum.- Maintaining covenant tracking without missing testing dates.Develop a working knowledge of credit/loan policy for credit requests and exceptions.Assign tasks to credit analysts, develop timeline, and identify necessary level of credit approval.Communicate with Lender/Division Head and SCO to manage expectations related to tasks and timing.Work with analysts to ensure proper Moody's reporting and accuracy of new covenants/tracking requirements.Qualifications/Skills/Knowledge:Bachelor's Degree (Real Estate, Business, Finance or Economics preferred).A minimum of 1 - 3 years of experience in Commercial Real Estate lending or equivalent.Formal Bank credit training is preferred, with a strong understanding of general credit & risk principles, and banking policies/procedures.Self-motivated with strong analytical and writing skills; ability to multi-task across job functions, various client needs and competing Bank priorities. Ability to work as a team to accomplish required tasks.Exceptional attention to detail.Ability to proactively manage and prioritize work flow.Problem Solving: Resolves non-routine problems.Development:The career path is anticipated to include a gradual move to sales, if desired. Supervision: Individual ContributorComplexity Scope: Accountable for defined work assignmentsExperience: 0-3 yearsComputer Skills: General computer skillsTravel: Moderate (10-50%)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.

Keywords: Schaumburg Bank & Trust Company, Des Plaines , Portfolio Manager, Accounting, Auditing , Des Plaines, Illinois