Credit Officer

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Job description

Wintrust Asset Finance is an equipment-focused financing group that offers sophisticated loan and lease products to commercial companies throughout the country in a wide range of industries, including transportation, construction, manufacturing, energy services, aviation, and turn-key property, plant, and equipment, among others. Wintrust Asset Finance is an affiliate of Wintrust, a financial services company with more than $62 billion in assets.

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years)
• Competitive pay and discretionary or incentive 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
• With 175+ community bank locations, we offer opportunities to grow and develop in your career
• Promote from within culture

Why join this team?

• We have a culture that encourages an entrepreneurial spirit
• We offer multiple opportunities for development and upward mobility

Job Description Summary

The Credit Officer reviews and approves/declines loans within limits and approves loans prior to submission to Higher Authority in a high-volume business. The Credit Officer has direct contact with originators and processors. The Underwriter is responsible for underwriting and coordinating the closing of leases in compliance with the Bank's lending policies and procedures. This position is responsible for gathering and analyzing credit information on current and potential leasee's who apply through both the retail and wholesale channels; writes lease requests; supports Loss Mitigation efforts; promotes business for the Bank by developing and maintaining good customer relations and referring customers to appropriate staff for new services. The position of Credit Officer is required to be fully knowledgeable and skilled in areas of origination and underwriting of loans.

Assures compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.

What You'll Do

• Reviews and approves/declines/recommends leases within limits and approves loan prior to submission to Management and/or Board Loan Committees.
• Ability to present transactions to higher authorities in a concise and proficient manner.
• Ensures compliance with all applicable regulations, policies and procedures.
• Processes customer transactions, problems or inquiries
• Answers direct, telephonic or email questions from clients and staff and directs callers to proper Bank personnel when necessary.
• Assumes responsibility for various department functions in the absence of staff members or in overload situations.
• Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
• Consistently applies strong decision making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits.

Knowledge/Skills/Background/Experience

• 5 years of related experience and/or training; or the equivalent combination of education and experience.
• Work related experience should consist of an in-depth background in underwriting loans, including spreading and interpreting financial statements.
• Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be applicable to the financial industry.
• Strong relationship development skills
• The ability to comprehend and explain financial calculations and pricing alternatives
• Intermediate experience, knowledge and training in underwriting activities and terminology.
• Advanced knowledge of laws and regulations governing lending including but not limited to fair lending, privacy and RESPA.
• Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.

Salary:

The estimated salary range for this role is $90,000-$120,000. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience."

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

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 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.

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