Business Banking Underwriter

Wintrust Financial - Itasca, IL

Full-time - Entry Level

Itasca, IL

Credit Intermediation and Related Activities

About the position

The Business Banking Underwriter analyzes small to mid-size business and real estate opportunities submitted by origination teams and works closely with lending officers in all aspects of the loan request. The Underwriter contributes to the recommendations as it relates to the structure of a loan request, as well as identification of broader banking and relationship opportunities throughout the underwriting and portfolio management process. This individual performs various due diligence and loan documentation review functions as part of the origination and closing process. Performs other duties as necessary to support the goals and objectives of the broader business banking team, including monitoring of borrower financial performance and covenants, identification of risk factors and determination of appropriate risk rating.

Responsibilities

• Prepare written credit approval memoranda and ancillary forms for various types of credit facilities
• Structure and underwrite credit facilities in a manner which achieves the business profitability goals while staying within the bank's risk parameters
• Review and analyze various types of individual and corporate financial statements
• Assist with loan monitoring and testing requirements
• Participate in customer and prospect calls as part of the underwriting and due diligence process
• Determine the proper risk rating and complete the required paperwork for any rating changes
• Partner with lenders to cultivate excellent client relationships and to proactively manage the loan portfolio
• Exhibit a sense of urgency towards meeting client requests while also meeting acceptable risk parameters in order to identify problems/issues to produce timely loan modifications and risk rating changes, as appropriate
• Foster an open dialogue and strong working relationship with Credit Administration, Loan Operations, Managed Assets Department and other groups that support the line of business
• Obtain appropriate market information to support the proposed loan
• Partner with in-house appraisal and environmental staff in ordering and reviewing third party reports such as appraisal, environmental and property condition assessments
• Perform business and site due diligence/inspections, as applicable
• Assist in the closing of loans, including reviewing internal and external documentation for accuracy
• Assist in additional tasks as needed, including exception tracking and clearing, preparing and/or testing client covenant compliance, and assisting in the preparation and monitoring of ongoing financial and collateral reporting requirements

Requirements

• Bachelor's degree, preferably in a business-related field such as accounting or finance
• Minimum 2 years' commercial underwriting and/or portfolio management experience; formal credit training is a plus
• Sound understanding of commercial credit analysis techniques including cash flow, balance sheet analysis, evaluation of collateral and personal financial condition
• Expertise in spreading financial statements
• Ability to make sound decisions in a fast-paced, time-sensitive environment
• Possess thorough knowledge of the fundamentals that drive repayment ability for both businesses and real estate entities
• Ability to think critically throughout the underwriting process, both as it relates to a specific loan request as well as the broader relationship
• Excellent verbal and written communication skills
• Desire and ability to communicate with both prospects and existing clients through all aspects of the origination process and loan management cycle
• Proficient in Microsoft Word and Excel; experience with nCino loan origination platform a plus

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