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Collateral Specialist

Location
Rosemont, Illinois
Job Type
Permanent
Posted
1 Sep 2022

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 8 years) and Employee Recommended award by the Globe & Mail (past 6 years)

  • Competitive pay and discretionary or incentive bonus eligible

  • Hybrid schedule! Remote for at least 2 days a week and in our Rosemont office 2-3 days a week.

  • 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?

The Collateral Specialist will monitor and maintain adequate flood insurance for all Wintrust Charters. This person should have good knowledge and understanding of the Federal Flood Regulation, as well as the mandatory requirements of a Private Flood insurance policy and NFIP policies.

What You'll Do

  • Individual will the main contact to review all new loans, renewed loans and flood insurance policy renewals for sufficient flood insurance coverage on buildings and contents coverage when applicable on commercial loans.  

  • Contact insurance agents for current insurance policies (hazard and flood), review for accuracy and update all applicable systems.

  • Obtain invoices for escrowed accounts and submit for payment. Assist with mail distribution and back-up file room, as needed.

Qualifications

  • Minimum 2-3 years of flood insurance experience required.

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 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.

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Details

  • Job Reference: 701412858-2
  • Date Posted: 1 September 2022
  • Recruiter: Wintrust Financial
  • Location: Rosemont, Illinois
  • Salary: On Application
  • Sector: Banking & Financial Services
  • Job Type: Permanent