Wintrust Financial Corporation Business Banking Underwriter - Willowbrook in Willowbrook, Illinois

This job was posted by : For more information, please see: Wintrust is recruiting for an underwriter to join our Business Banking team in Willowbrook. This position is responsible for preparing credit proposals and formulating and recommending lending approval/denial decisions on business purpose loan requests. This position interacts with business banking lenders to provide assistance regarding underwriting and portfolio management activities. Responsibilities

+ Evaluates business banking loan requests (Real estate, small business and residential loans under $5 million) using a thorough knowledge of loan policy, guidelines and procedures.

+ Analyzes the financial condition of existing and prospective bank customers. Accurately reviews financial statements and tax returns submitted by applicants and is capable of evaluating a borrower's ability to repay. Recognizes trends, positive or negative, impacting risk to repayment, the Bank's collateral position or ability of the business to satisfactorily operate. Recommends risk rating adjustments, higher or lower, supported by changes in the borrower's financial condition, collateral or other factors impacting the credit's risk.

+ Analyzes industries and has a thorough knowledge of the risks associated with those industries. Assesses the risks inherent in each industry and suggests appropriate financing structures accordingly.

+ Analyzes and validates customer borrowing base reporting for formula based lines of credit. Reports on delinquent reporting and/or over advance situations.

+ Maintains tickler system for accurate tracking and reporting of borrower required reporting including financial statements, tax returns, covenants, etc.

+ Makes sound credit decisions based on accurate analysis of information provided with loan requests.

+ Exhibits thorough knowledge of fair lending issues, rules and various regulations that directly impact the commercial lending area (e.g. Regulation B, FACT Act, HMDA, CRA, etc.)

+ Seeks alternative means of financing or counter offers for all borrowers, if appropriate, when it is determined that the original request cannot be accommodated.

+ Demonstrates effective time management by balancing multiple priorities within individual workload.

+ Communicates with and effectively interacts with all levels of management, including lending personnel, loan operations staff and related departments.

Required Qualifications

+ Bachelor's degree. Preferably in a business related field such as accounting or finance.

+ Minimum of 1-2 years experience underwriting business loan requests. Formal credit training is a plus.

+ Sound understanding of commercial credit analysis techniques including cash flow, evaluation of collateral and is able to make timely decisions in a fast paced, time sensitive environment.

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, ethnicity, gender, sexual orientation, gender identity, national origin, veteran status, or disability. VEVRAA Federal ContractorRequest Priority Protected Veteran ReferralsEOE -Veteran /Disabled/Minority/AA/F/M/SO