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Loan Analyst II (New Business)

Loan Analyst II (New Business)

WintrustNewark, NJ, United States
9 hours ago
Job type
  • Full-time
Job description

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.

Why join us?

  • An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 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 200+ community bank locations, we offer opportunities to grow and develop in your career.
  • Promote from within culture.

Why join this team?

  • We are a high performing, collaborative, and diverse team focused on transforming the business through engaging work on enterprise-wide product innovation.
  • We are a vibrant, team-oriented atmosphere that provides opportunities for individual growth;
  • Our team is in a unique position that allows us to collaborate with multiple other departments, have exposure to executive management, and develop new reporting.
  • We are seeking a critical thinker that's willing to learn and not afraid of taking on new initiatives.
  • Gain experience and further your career by joining a growing organization.

    • What you will be doing :

  • Maintain a "customer 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
  • Coordinate with Credit Officers, Portfolio Management and Legal Counsel to approve premium finance loans
  • Ensure that credit decisions and recommendations are made in accordance with credit principals and in compliance with policies
  • Preparing and issuing loan packages and credit correspondence
  • Follow-up with brokers / clients to ensure that requirements needed for loan submissions are collected and delivered on a timely basis
  • Increase existing client business by identifying cross-selling opportunities in lending and deposits
  • Oversee all phases of loan processing, including exposure model generation, legal document preparation, funding, and collateral management for complex life insurance premium finance transactions
  • Performs other duties and responsibilities as assigned by management

    • Qualifications :

  • Bachelor's Degree;
  • Salesforce Experience preferred; and
  • 2+ years' of Insurance or financial services experience preferred.

    • 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 $30.25 - $39.50 along 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.

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    #LI-LR1

    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.

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    Loan Analyst • Newark, NJ, United States