Wintrust Receivable Finance Relationship Manager

Posted 8 Days Ago
Be an Early Applicant
Chicago, IL, USA
In-Office
98K-132K Annually
Senior level
Fintech • Information Technology • Marketing Tech • Financial Services
Committed to being an employer of choice through strong principles, shared values, and distinctive culture.
The Role
Manage daily collateral and loan analysis for assigned receivable finance clients, monitor portfolio compliance and credit exposure, review and approve AR collateral schedules and advance requests, prepare credit approval documentation, participate in portfolio reviews, and serve as primary client liaison for reporting and issue resolution while adhering to bank policies.
Summary Generated by Built In

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.”

Why join us?

  • An award-winning culture!  We are rated a Top Workplace by the Chicago Tribune (past 12 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 match and tuition reimbursement to name a few

  • Family-friendly work hours

  • Promote from within culture

The Wintrust Receivable Finance Relationship 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 Relationship Manager is the main point of contact between Wintrust Receivable Finance and our clients.

What You’ll Do

  • Work closely with the 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 credit exposure limits, ensuring timely reviews and updates

    • Reviewing and approving AR collateral 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

Qualifications

  • Associate or bachelor’s degree in accounting, finance, or business related field preferred

  • Minimum 5 years of receivables finance and/or ABL 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 will 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

Compensation

The estimated salary range for this role is $98,000-$132,000, 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.

#LI-AC1

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

  • Minimum 5 years of receivables finance and/or asset-based lending (ABL) experience, including commercial underwriting
  • Strong knowledge of Microsoft Office applications, specifically MS Excel
  • Associate or bachelor's degree in accounting, finance, or business related field
  • Detail focused and well organized with ability to multitask
  • Good interpersonal and customer relations skills 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

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.

  • 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.
  • 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.
  • 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

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The Company
HQ: Rosemont, IL
5,284 Employees
Year Founded: 1991

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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