Factoring Portfolio Manager, Wintrust Receivables Finance

About the position

The Factoring Portfolio Manager manages daily collateral and loan analysis for their assigned portfolio of Wintrust Receivable Finance clients and assists in new client onboarding. Reporting directly to the Team Lead, the Portfolio Manager is the main point of contact between Wintrust Receivable Finance and our clients.

Responsibilities

• Work closely with Assistant Portfolio Manager in day-to-day responsibilities including but not limited to maintaining an effective line of communication on assigned accounts to ensure a high level of portfolio monitoring.
• Monitoring and updating ticklers, ensuring client is in compliance with collateral reporting (AR, AP, financials, etc.).
• Monitoring Account Debtor purchase limits, ensuring timely reviews and updates.
• Reviewing and purchasing the assignment schedules after they have been processed.
• Work with the borrower to resolve any questions/issues relating to collateral, reporting requirements, etc. and approve daily client advance requests.
• Complete necessary Credit Approval documents for prospects, renewals, line increases, etc.
• Review trend cards and actively participate in portfolio reviews.
• Adhere to Bank Compliance policies and procedures.
• Perform all other duties as required.

Requirements

• Associate or bachelor’s degree in Accounting, Finance, or related field preferred.
• Minimum 5 years of factoring and/or receivables finance experience, including commercial underwriting.
• Must be detail focused and well organized with the ability to multitask.
• Good interpersonal and customer relations skills are required to deal with clients and department personnel.
• Ability to proactively and confidently communicate verbally and in writing with all levels of management, clients, and attorneys.
• Ability to work independently and use independent judgment with minimal supervision.
• Strong knowledge of Microsoft Office applications (specifically MS Excel) and ability to pick up on new systems quickly.

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