Portfolio Manager Managed Assets

Wintrust•Irvine, CA

7d•$71,000 - $92,000•Remote

About The Position

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 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 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 What You’ll Do: The position of portfolio manager will serve as a key support resource for the portfolio management team in the day-to-day activities of the portfolio. In this position you will coordinate and help process payoff requests, invoice requests, and other servicing inquiries from within WSF and our external partners. You will respond to partners email requests and provide timely follow-up to our partners to ensure accurate resolution of all servicing matters. Monitors the WSF Portfolio specifically focused on accounts that are past due and be required to oversee and/or supplement collection calls with sub-servicer (Orion First) and other WSF Master Servicers to manage all delinquencies for the division. Works directly with the Chief Operating Officer to determine priorities and approaches to the various collection challenges on an individual contract basis and with the individual Master Servicers. Responsible for minimizing bad debt that had been previously written off that still requires needed “behind the scenes” due diligence to ensure our policies and procedures are adhered to without exception. Responsible for creating/maintaining bi-weekly reports to department’s officer(s). Incumbent “owns” these files (which are to be stored in a shared departmental drive). Shares responsibility for any accounts that may become part of a bankruptcy ensuring tight follow-up on past due files (bi-weekly reports, co-hosting monthly scheduled and ad-hoc meetings) including yet not limited to New Debtor in Possession files – Chapter 7, 11 and 13. Assists with internal departments, agency on file, internal legal department, assigned trustees and outside counsel. This includes the management of liquidations and receiverships and Manages the reporting of affected portfolios in “identified” Natural disaster areas as they occur (Emergency orders by state, parish or by postal code) managing communications, reporting, Risk Rating and Loss Mitigation. Prepares, analyzes and monitors various reports including but not limited to monthly risk rating and risk rating validations reports, daily lease pool activity (particularly as it pertains to accounts being monitored by the sub-servicer Orion First and their collection Activities).

Requirements

5-7 years of experience portfolio management
Bachelor’s degree
Advanced Computer Skills

Responsibilities

coordinate and help process payoff requests, invoice requests, and other servicing inquiries
respond to partners email requests and provide timely follow-up to our partners to ensure accurate resolution of all servicing matters
Monitors the WSF Portfolio specifically focused on accounts that are past due and be required to oversee and/or supplement collection calls with sub-servicer (Orion First) and other WSF Master Servicers to manage all delinquencies for the division
Works directly with the Chief Operating Officer to determine priorities and approaches to the various collection challenges on an individual contract basis and with the individual Master Servicers
Responsible for minimizing bad debt that had been previously written off that still requires needed “behind the scenes” due diligence to ensure our policies and procedures are adhered to without exception
Responsible for creating/maintaining bi-weekly reports to department’s officer(s)
Shares responsibility for any accounts that may become part of a bankruptcy ensuring tight follow-up on past due files (bi-weekly reports, co-hosting monthly scheduled and ad-hoc meetings) including yet not limited to New Debtor in Possession files – Chapter 7, 11 and 13. Assists with internal departments, agency on file, internal legal department, assigned trustees and outside counsel
Manages the reporting of affected portfolios in “identified” Natural disaster areas as they occur (Emergency orders by state, parish or by postal code) managing communications, reporting, Risk Rating and Loss Mitigation
Prepares, analyzes and monitors various reports including but not limited to monthly risk rating and risk rating validations reports, daily lease pool activity (particularly as it pertains to accounts being monitored by the sub-servicer Orion First and their collection Activities)