15 days old

Jr. Loan Analyst - Newark, NJ

Wintrust Financial Corporation
Newark, NJ 07102
  • Job Code

As the largest life insurance premium finance company in the U.S., Wintrust Life Finance has built a reputation for superior service, innovation, and flexibility.

During the last decade, Wintrust Life has grown from a $300 million finance company to more than a $3.8 billion finance company. We achieved this growth by hiring the best and brightest, giving them the tools to excel and trusting them to take the lead with managing relationships with the most successful life insurance representatives in the country and their high net worth clientele.

We service the high net worth market and pride ourselves on providing white-glove service. 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 and still get the valuable life insurance coverage they need.

Wintrust Life Finance is a subsidiary of Wintrust Financial Corporation, a $30 billion financial services holding company and one of the fastest growing financial services company around!

The day-to-day responsibilities would include:

  • 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
  • Preparing and issuing 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
  • Coordinate 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
  • Performs other duties and responsibilities as assigned by management

  • Bachelor's degree preferred in Finance or Accounting
  • Insurance certification is a plus, but not required
  • Highly organized and detail-oriented
  • Have strong interpersonal skills (oral and written)
  • Be customer service-oriented
  • Ability to work individually and in a team
  • Ability to prioritize
  • Ability to work in a fast paced environment
  • Adept knowledge of all Microsoft Programs including but not limited to Word, Excel, and Outlook

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.

Posted: 2020-01-08 Expires: 2020-02-06
Sponsored by:
Farm Credit Services of America Logo
Sponsored by:
Bank of America Logo

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Jr. Loan Analyst - Newark, NJ

Wintrust Financial Corporation
Newark, NJ 07102

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