Credit Analyst at Wintrust Financial Corporation in Newark, New Jersey

Job Description:

As the largest life insurance premium finance company in the country, Wintrust Life Finance provides customized financing solutions to qualified borrowers seeking to finance their life insurance premiums. Our financing solutions have supported numerous planning structures, including traditional wealth transfer, key-man insurance, buy-sell arrangements, split dollar arrangements, term alternatives, charitable giving, income replacement strategies, and more. Wintrust Life Finance is a subsidiary of Wintrust, a financial services company with more than $50 billion in assets.

Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 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 are looking for someone who is a critical thinker, eager to learn, and unafraid of embracing new initiatives.




• Wintrust has a unique culture that emanates from its leadership at the top.




• We work across disciplines and departments, with opportunities for exposure to and partnership with executive management in leading strategic initiatives.

Position Overview:

Position will directly report to the VP, Head of Credit. Primary responsibility will be assisting the new and renewal business underwriting pipelines as well as assisting in the underwriting itself. Additional responsibilities will be assisting the team with managing the overall risk of the portfolio relating the third-party collateral issuers securing our transactions. This includes, but not limited to, insurance company financial review, third-party bank analysis, and brokerage account investment analysis.

What you will be doing:

• 
  

  Understand the risk assessment analysis of all aspects of life financing transactions and assess the credit worthiness of:

  
  
  
  

  • Borrowers – Trusts, Individuals or Companies.

  
  

  • Guarantors

  
  

  • Banks

  
  

  • Insurance Carriers

  
  

  • Agents & Brokers

  
  
  
  



• Analyze credit and financial information of individuals and businesses to determine the degree of risk associated with the extension of credit. 




• Generate financial ratios for purpose of evaluating applicant’s financial condition. 




• Perform collateral analysis of current and proposed credit requests.




• Perform risk management and clearly communicate understanding of risks and credit exposures to senior management




• Communicate and assist with credit decisions and credit memorandums (within established credit authority) with the business units




• Assist with the preparation of department presentations for the Company




• Understand and perform portfolio loan positions




• Review policy illustrations for collateral valuation




• NOTE: The above noted job description is not intended to describe, in detail, the multitude of tasks that may be assigned but rather to give the associate a general sense of the responsibilities and expectations of his/her position. As the nature of business demands change so, too, may the essential functions of this position. 



• 
  

  Understand the risk assessment analysis of all aspects of life financing transactions and assess the credit worthiness of:

  
  
  
  

  • Borrowers – Trusts, Individuals or Companies.

  
  

  • Guarantors

  
  

  • Banks

  
  

  • Insurance Carriers

  
  

  • Agents & Brokers

  
  
  
  



• Analyze credit and financial information of individuals and businesses to determine the degree of risk associated with the extension of credit. 




• Generate financial ratios for purpose of evaluating applicant’s financial condition. 




• Perform collateral analysis of current and proposed credit requests.




• Perform risk management and clearly communicate understanding of risks and credit exposures to senior management




• Communicate and assist with credit decisions and credit memorandums (within established credit authority) with the business units




• Assist with the preparation of department presentations for the Company




• Understand and perform portfolio loan positions




• Review policy illustrations for collateral valuation




• NOTE: The above noted job description is not intended to describe, in detail, the multitude of tasks that may be assigned but rather to give the associate a general sense of the responsibilities and expectations of his/her position. As the nature of business demands change so, too, may the essential functions of this position. 

Qualifications:

• Bachelor's degree or equivalent




• 3-5 years of relevant experience




• Proficient in Excel

#LI-HYBRID

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.