SVP, Managed Assets Division

Company: Wintrust Financial Corporation
Location: Chicago
Posted on: April 14, 2025

Job Description:

SVP, Managed Assets Division page is loadedSVP, Managed Assets DivisionApply locations Chicago, IL time type Full time posted on Posted 3 Days Ago job requisition id 25607Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its "Different Approach, Better Results" philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.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 cultureThe SVP, Managed Assets manages a portfolio of problem commercial loans comprised of C&I credits. In this role, you will develop and execute action plans to drive least loss/highest recovery results, contributing to the bank's bottom line.What You'll Do
  • Manage assigned portfolio of distressed loans
  • Conduct in-depth analysis into lending relationships in order to formulate and propose an appropriate course of action
  • Meet with borrowers to negotiate terms for restructure or settlement; perform site visits to inspect collateral
  • Interact with Wintrust Charter Banks and niche groups as problem loans are identified and assigned for active management in MAD
  • Enforce bank's legal rights and remedies working directly with outside counsel and third-party professionals as necessary in litigation
  • Collect past due accounts, restructure workable credits, and liquidate collateral as warrantedQualifications
    • Bachelor's degree in business, finance, economics, or related major
    • 10+ years' commercial loan workout experience with C&I or CRE loans
    • Knowledge of commercial fundamentals across all asset types
    • Demonstrated proficiency in portfolio management and monitoring, negotiating, and litigation management
    • Strong verbal and written communication skills
    • Excellent analytical and organizational skills
    • Ability to take initiative and willingness to be flexible and accommodate changing demandsBenefitsMedical 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 InsuranceCompensationThe estimated salary range for this role is $95,000-$158,000, 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 - AC1From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago's Bank and Wisconsin's Bank, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. 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, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.About UsWintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its "Different Approach, Better Results" philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.Wintrust may collect personal information from you in connection with the application process. Wintrust complies with the California Consumer Privacy Act of 2018, and its policy may be found here
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Keywords: Wintrust Financial Corporation, Milwaukee , SVP, Managed Assets Division, Accounting, Auditing , Chicago, Wisconsin