Portfolio Analyst

As the largest life insurance premium finance company in the country, Wintrust Life Finance provides customized financing solutions to qualified borrowers seeking to finance their life insurance premiums. Our financing solutions have supported numerous planning structures, including traditional wealth transfer, key-man insurance, buy-sell arrangements, split dollar arrangements, term alternatives, charitable giving, income replacement strategies, and more. Wintrust Life Finance is a subsidiary of Wintrust, a financial services company with more than $66 billion in assets.

The Portfolio Analyst will assist Portfolio Management in the day-to-day monitoring of outside assets pledged as collateral. This will include identifying transactions for unsecured positions and supporting production related programs. The Portfolio Analyst will demonstrate an analytical mindset with strong attention to detail.


What You'll Do

• Assists Senior Vice President in ensuring that brokerage statements are received and entered into the system in a timely manner. This may include processing incoming mail with sensitive financial information, data entry, and the ensuring that compliance is met in the physical and digital handling of documents.
• Leverages internal reporting tools to identify stale data elements tied to brokerage collateral records. Works with external collateral holding companies and internal loan teams to obtain updated value statements. Ensures that the collateral holding companies, and the clients, are adhering to their obligations outlined in legally binding documents like Control and Security Agreements.
• Helps identify transactions that have become unsecured and interacts with Senior Vice President and senior management to ensure that soft default / default letters are issued in a timely manner. Coordinates with loan teams, Senior Portfolio Analysts, and Senior Vice President to record loans that are only temporarily unsecure in the system due to ongoing transactions or system adjustments.
• Assists Senior Portfolio Analysts in preparing the Collateral Management Meeting reports. Records minutes for the meeting and assists in compiling the team's comments to publish and distribute.
• Supports Multi-Life Loan Program as needed. This may include data entry, data clean up or reconciliation, confirming details of legal documents, verifying sensitive personal information of parties to the deal, and other underwriting support.

Qualifications

• 1-3 years of transferrable experience, financial industry experience a plus
• Known for catching critical discrepancies early, preventing costly errors and ensuring compliance with regulatory framework
• Ability to dig beneath the surface, connect data points and ask the critical 'why' to uncover underlying trends.
• Enthusiasm for the financial industry, with a demonstrated interest in following the markets

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 hourly rate for this role is $21.50 - $28.00 along with eligibility to earn an annual bonus. Actual pay rate may vary based on several factors, such as a candidate's qualifications, skills and experience.

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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.