Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”
Description above taken directly from PM II job posting on same PM team earlier this year.
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 matches and tuition reimbursement to name a few
- Family-friendly work hours
- Promote from within culture
The Portfolio Manager II, CRE will assist and manage a portfolio of commercial real estate credits/relationships in a fast-paced, regulated environment. The ideal candidate is initiative-taking, has strong analytical and writing skills, and can multi-task across job functions, various client needs and competing bank priorities.
What You’ll Do
- Provide accurate financial analysis, profitability, and risk assessment to make lending decisions on new, renewal and extension loans for the following asset types: multifamily, office, medical office, industrial, retail, and self-storage
- Create comprehensive, detailed, and thoughtful opportunity memos and full credit approvals for new business clients which will include client and sponsors’ background, history, market experience and global real estate portfolio
- Independently analyze credit and financial information of property and individuals to determine the degree of risk associated with the extension of credit
- Oversee documentation and ongoing monitoring of asset and client performance
- Work with relationship managers and loan administration to facilitate loan closings, modifications, and renewals
- Proactively manage covenant compliance testing for existing clients and new clients on an ongoing basis
- Review and process construction draws in conjunction with the construction loan administration department, title company and borrower
- Work with external and internal business partners on review of deal related legal documents
- Develop a working knowledge of credit/loan policy for credit requests and exceptions
- Review credit approval memorandums and attorney-prepared loan documents for new and renewed loans to ensure compliance and adherence to the loan approval guidelines
- Interact with lending staff, deal teams and clients in a welcoming and professional manner
Qualifications
- Bachelor’s degree (Business, Finance, Accounting or Economics preferred)
- Strong understanding of general credit and risk principles, and banking policies/procedures; formal bank credit training is preferred
- Minimum 3 years’ commercial real estate credit, portfolio management and/or commercial lending experience
- Strong analytical and business writing skills
- Experience with cash flow modeling, lease abstracting and financial statement analysis
- Good interpersonal skills with internal partners, counsel, clients and senior management
- Accounting and finance knowledge, as well as knowledge of real estate fundamentals and concepts
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 $85,000-$110,000, 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 build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. 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, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.
Skills Required
- Bachelor's degree (Business, Finance, Accounting or Economics preferred)
- Minimum 3 years commercial real estate credit, portfolio management and/or commercial lending experience
- Strong understanding of general credit and risk principles and banking policies/procedures
- Strong analytical and business writing skills
- Experience with cash flow modeling, lease abstracting and financial statement analysis
- Ability to review credit approval memorandums and loan documents for compliance with approval guidelines
- Good interpersonal skills with internal partners, counsel, clients and senior management
- Accounting and finance knowledge, and knowledge of real estate fundamentals and concepts
- Formal bank credit training
Wintrust Financial Corporation Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Wintrust Financial Corporation and has not been reviewed or approved by Wintrust Financial Corporation.
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Affordable Benefits — Employer covers a large share of medical premiums, making health coverage comparatively low cost. Plan options are broad and pair with HSA/FSA choices and wellbeing programs.
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Parental & Family Support — Paid maternity, parental, and adoption leave are structured and fully paid, with backup childcare access through Bright Horizons. Adoption assistance and family support resources further strengthen caregiving support.
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Retirement Support — A 401(k) with a company match and an employee stock purchase plan provide multiple savings and ownership avenues. Match mechanics and plan access are noted features of the total rewards offering.
Wintrust Financial Corporation Insights
What We Do
Wintrust Financial (Wintrust) is a financial services holding company based in Rosemont, Illinois, with $50 billion in assets. Wintrust engages in the business of providing traditional community banking services, wealth management services, commercial insurance premium financing, mortgage origination and more.
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