AVP, Special Assets

Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.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 annual discretionary bonus eligibleComprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company matches and tuition reimbursement to name a fewFamily-friendly work hoursWith 175+ community bank locations, we offer opportunities to grow and develop in your careerPromote from within cultureThe AVP, Special Assets manages a portfolio of problem commercial loans comprised of C&I and CRE credits. In this role, you will play a vital role in mitigating the Bank's risk by working with clients to determine an appropriate course of action, driving highest recovery results.What You'll DoManage assigned portfolio of distressed loansConduct in-depth analysis into lending relationships in order to formulate and propose an appropriate course of action Meet with borrowers to negotiate terms for restructure or settlement; perform site visits to inspect collateralInteract with Wintrust charter banks and niche groups as problem loans are identified and assigned for active management in MADEnforce bank's legal rights and remedies working directly with outside counsel and third-party professionals as necessary in litigation Collect past due accounts, restructure workable credits, and liquidate collateral as warrantedQualificationsBachelor's degree in business, finance, economics, or related major3+ years' commercial experience including origination and/or workout experience with C&I or CRE loansKnowledge of commercial fundamentals across all asset typesDemonstrate proficiency in portfolio management and monitoring, negotiating, and litigation management Strong verbal and written communication skillsExcellent analytical and organizational skillsAbility to take initiative and willingness to be flexible and accommodate changing demandsBenefitsMedical 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#LI-ONSITE#LI-AC1From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago's Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. 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, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.

Created: 2024-11-10