Loan Analyst I

About the role

The Loan Analyst I position at Wintrust Life Finance supports the company's mission to provide customized financing solutions to qualified borrowers. This role plays a crucial part in maintaining a "customer is first" environment, ensuring the quality of the portfolio, and managing loan processes.

Responsibilities

• Maintain a "customer is first" environment to meet or exceed expectations and needs
• Protect the Bank's assets and maintain quality of the portfolio by adhering to lending policies and procedures
• Ensure that credit decisions and recommendations are made in accordance with credit principals and in compliance with policies
• Oversee documentations and ongoing monitoring of assets and client portfolio
• Prepare and issue loan packages and credit correspondence
• Follow-up with brokers/clients to ensure that requirements needed for renewals and reviews are collected and delivered on a timely basis
• Increase existing client business by identifying cross-selling opportunities in lending and deposits
• Cook up with Credit Officers, Portfolio Management and Legal Counsel to approve premium finance loans
• Manage and monitor defaulted loans by assisting brokers/clients to meet their client's unique circumstances and requests
• Oversee all phases of loan processing, including exposure model generation, legal document preparation, funding, collateral management and default/liquidation
• Compile in depth credit recommendation summaries through the analysis of tax returns, financial statements, brokerage accounts, and credit reports

Requirements

• 0 – 3 years of financial services or insurance industry experience, preferred
• Bachelor’s degree (Finance, Insurance, Business preferred)
• Knowledge of standard business practices and working in team environment
• Detail oriented with strong analytical skills
• Strong communication skills and work ethic
• Ability to work independently and prioritize in a fast-paced environment
• Self-starter with the ability to work with minimal supervision

Qualifications

• Preferred: Bachelor’s degree in Finance, Insurance, or Business
• Experience in financial services or insurance industry
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Ability to manage multiple tasks and meet deadlines

Skills

• Strong organizational and attention to detail skills
• Proficiency in Microsoft Office Suite
• Ability to work independently and in a team environment
• Strong communication and interpersonal skills

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

Pay

The estimated hourly rate for this role is $24.00 - $29.00, with eligibility to earn a quarterly incentive bonus. Actual pay rate may vary based on several factors, such as a candidate’s qualifications, skills and experience.

Schedule

Full-time position