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Cash Disbursement Specialist III at Wintrust Financial Corporation

Posted in General Business 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Northbrook, Illinois





Job Description:


FIRST is a subsidiary of Wintrust Financial Corporation, a $30 billion financial services holding company and the fastest growing financial services company in Illinois history.

As one of the largest premium finance companies in the U.S., FIRST Insurance Funding Corp. has built a reputation for superior service, innovation, and flexibility. During the last decade, FIRST has grown from a $300 million finance company to more than a $3 billion finance company. FIRST achieved this growth by being the only finance company that truly understands how to serve independent, middle-market insurance agents and brokers.

Life insurance premium finance is a valuable strategy for individuals who have a need for life insurance but wish to defer the majority of the cost of their premiums. Premium finance opens up many opportunities for the client; the most significant is leveraging a productive asset. By financing life insurance premiums, the client can continue to employ capital for existing and future investments.

The Cash Disbursement Specialist 3 is responsible for the research, review and processing of loan disbursements. The Disbursement Specialist 3 is also responsible for running various reports, imports/exports, managing and responding to requests, and researching and/or resolving issues within area of responsibility. This also includes the preparation and maintenance of documentation within the department and assisting with the training and development of coworkers.

Responsibilities include:


  • Promptly and accurately, research, review and approve pending refund disbursements up to authority level.

  • Process complex disbursement adjustments and coordinate any additional entries needed into the general ledger.

  • Manage department email box and distribute items to team members for processing. Handle complex requests from department physical mail and email box. Promptly and accurately, process requests and/or respond to inquiries from internal and external customers. Take corrective action as necessary to resolve issues.

  • Process daily loan disbursements by issuing and mailing checks, coordinating ACH payments, and entering wire transfers.

  • Generate, review, distribute and/or process a variety of daily operational reports, imports and exports from internal systems and bank websites. Assist in researching and resolving items in general ledger accounts, including processing necessary entries to clear outstanding items.

  • Prepare and/or maintain comprehensive and accurate documentation within area of responsibility. Assist with training and development of team members.


As a dynamic organization in a rapidly changing environment, the responsibilities associated with this position will change in accordance with the company's business needs. More specifically, the incumbent may be required to perform additional and/or different responsibilities from those set forth above.


  • 3-5 years experience in similar position and/or similar industry

  • High School Diploma or equivalent

  • Basic understanding of accounting principles and procedures

  • Ability to effectively interpret data and analyze problems

  • Proficient computer skills, including spreadsheet and word processing software

  • Ability to effectively organize and prioritize work

  • Ability to work independently with minimal supervision

  • Ability to work in a fast-paced environment and complete multiple tasks with minimal errors and tight deadlines

  • Strong attention to detail

  • Clear and concise communication skills, both orally and written

  • Excellent interpersonal skills and the ability to effectively interact with people of all skill levels and diverse backgrounds

We provide an engaging, dynamic work environment, an excellent compensation package including 401k, employee stock purchase plan, medical/dental, life insurance and more!

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, ethnicity, gender, sexual orientation, gender identity, national origin, veteran status, or disability.