Covenant Administrator at Wintrust Financial Corporation in Rosemont, Illinois

Posted in General Business 10 days ago.

Type: Full-Time

Job Description:

The Covenant Administrator is responsible for processing requests from the line of business to set-up and maintain financial covenants and reporting requirements for the charter's commercial loan portfolios. Process document uploads to the electronic credit file system, Vision Content. Also responsible for report generation and distribution.

  • Set-up/Update Moody's covenant tracking system per line of business (LOB) requests, based on approval documents. Verify appropriate documentation for new covenant set-up, updates, and maintenance. Ensure receipt of appropriate approvals for covenant waivers and modifications. Interact with LOB to obtain missing or incomplete information. Process account officer reassignments. Update Moody's covenant tracking system per line of business (LOB) requests.
  • Upload documents to Vision Content as requested by the LOB. Review documents and identify correct classification. Adhere to strict naming conventions and categorization guidelines. Create folders for all the Covenant requests processed in Department's shared drive.
  • Provide client support for assigned charters. Respond to and troubleshoot internal inquiries and issues.
  • Generate, review and distribute covenant exception and coming due reports to assigned charters. Bring issues to the attention of the Team Lead.

  • Banking experience required; general knowledge and understanding of commercial lending and credit terms.
  • Bachelor's degree a plus. Associates Degree or equivalent required.
  • Ability to perform duties with a high degree of accuracy and attention to detail.
  • 5-7 years of credit or commercial banking experience.

Founded in 1991 with the idea to be the alternative to the big banks, Wintrust has since grown into a financial services company with more than $45 billion in assets, headquartered in Rosemont, Illinois. Through our multiple companies and divisions, we provide traditional community banking and commercial banking services, wealth management solutions, commercial and life insurance premium financing, mortgage origination, and short-term accounts receivable financing and certain administrative services, such as data processing of payrolls, billing, and treasury management services. We provide community-oriented personal and business banking services to customers located in the greater Chicagoland area, northwest Indiana, and southern Wisconsin through more than 175 community bank locations.

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, national origin, citizenship status, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran. We request applicants refrain from disclosing current or historical compensation information during the recruitment process; any disclosed detail will not be taken into account as applicants are considered for employment.