Funding Coordinator

Wintrust Asset Finance is an equipment-focused financing group that offers sophisticated loan and lease products to commercial companies throughout the country in a wide range of industries, including transportation, construction, manufacturing, energy services, aviation, and turn-key property, plant, and equipment, among others. Wintrust Asset Finance is an affiliate of Wintrust, a financial services company with more than $66 billion in assets.

Why join us?

• An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 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 have a culture that encourages an entrepreneurial spirit
• We offer multiple opportunities for development and upward mobility
  
  

Job Description Summary

The Funding Coordinator is responsible for the review and analysis of approved credit memorandum for all lending products fulfilled by the specialty finance group, including, interpretation of terms, conditions, covenants and restrictions on approval, administration of lease and loan documents, closing and funding of assigned obligations. Conducts preliminary review as needed and secondary review and analysis of approved loan structure and verification of the documents submitted and determine their compliance with Bank's requirements.

Ensures compliance with established Bank policies and procedures. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Credit Reporting Act, Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program, Right to Financial Privacy Act (state and federal) and Community Reinvestment Act.

What You’ll Do

• Reviews and analyzes credit write-ups, determine loan structure and checklist of documents required from borrower; review preliminary entity documents; process loan documents within the established time frame and conduct final document reviews prior to signature and funding to ensure accuracy and compliance with terms and conditions of loan approval.
• Reviews and takes appropriate action for conditions, covenants and restrictions on approval and other collateral related documentation (UCC filing, final invoices, completed vehicle titles, etc.).
• Ensures compliance with policies and procedures related to loan documents as detailed in Credit Policy manuals.
• Coordinates with originators and borrowers regarding issues/problems related to documentation, closing, funding and booking of the loan.
• Reviews and ensures compliance of pre-funding and post funding requirements. Review all executed documents to determine completeness and proper execution and that no revision/changes have been made on the contract documents.
• Validates all funding requirements and obtain waivers for all exceptions.
• Confirms receipt of portfolio funding packages and performs second review of funding files to ensure completeness and accuracy.
• Ensures funded files are booked accordingly and timely with Specialty Finance group accounting.
• Processes contract amendment, title intake, title releases, lien release creation, and rebooking requests in accordance with policy and client agreements.
• Assist with vehicle title completion and being the liaison for vehicle owners, titling agency, and the DMV
• Provides coverage to team leader as needed.
• Ensures compliance with all applicable regulations, policies and procedures.
• Processes, solves and answers customer transactions, problems or inquiries.
• Operates computer or personal computer to process account activity, determine balances and resolve problems within given authority.
• Answers direct, telephonic or email questions from clients and staff and directs callers to proper Bank personnel when necessary.
• Assumes responsibility for various department functions in the absence of staff members or in overload situations.
• Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
• Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
• Follows policies and procedures; completes tasks correctly and on time; supports the Bank’s goals and values.
• Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
• May perform additional duties and projects as assigned.
  
  

Qualifications

• Two or more years of related experience and/or training; or the equivalent combination of education and experience.
• Work related experience should consist of a background in Administration and documentation and supervisory skills.
• Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be applicable to the financial industry.
• Excellent customer service skills and the ability to interact with all levels of management and all customers.
• Ability to work independently and under pressure of high volumes.
• Excellent oral and written communication skills.
• Ability to handle multiple tasks and accept change willingly.
• Proficient in MS Office suite.
• Intermediate math skills; ability to calculate interest and percentages; balance accounts; add, subtract, multiply and divide, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent.
• Ability to deal with problems involving multiple facets and variables in non-standardized situations.
  
  

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
  
  

Compensation

The estimated salary range for this role is $65,000 - $75,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience.

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 build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. 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, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.