Financial Analyst (Finance)
Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”
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 provide a vibrant, team-oriented atmosphere with opportunities for individual growth through collaboration with other departments and exposure to executive management.
We are seeking a critical thinker with the ability to analyze and adapt to emerging risks and regulatory changes.
Further your career by playing an important role in a growing organization.
Position Summary
The Financial Analyst – Allowance for Credit Losses (ACL) is an important role in the generation of the current expected credit loss (CECL) estimate process. This position will be responsible for assisting in the performance of certain tasks within the calculation process of the overall ACL reserves for each entity within Wintrust. This includes assisting with ensuring the completeness and accuracy of data utilized in the calculation process. The position will also assist in the documentation of quantitative and qualitative factors, assist in performing portfolio & variance analysis, assist in the production of internal management reports, and assist in preparing SEC reporting disclosures.
What You'll Do
Develop an understanding to effectively and efficiently utilize software solutions for the ACL process. Will be responsible for assisting with data movement, reconciliations, data assumption inputs, variance analysis.
Assist in providing variance analysis on various credit related metrics on a monthly basis. Requires collaborating with internal stakeholders to understand the key inputs into models and their impact on results.
Assist in creating and distribution of data and reports provided to internal management as well as required reports for external auditors and regulators.
Assist in preparation of SEC Reporting disclosures for external filings.
Assist in proper documentation of all processes and procedures.
Ad-hoc projects as requested.
Qualifications
0-3+ years of experience in a business setting, financial services preferred.
Bachelor's Degree preferred, with relevant educational or work background that can be utilized in key accountabilities. Accounting, Statistics, Math, Finance, Programming and Systems, Economics, Data Analytics, and Modeling are relevant fields.
Competent writing and communication skills with the ability to prepare documentation, reports, and presentations. Critical thinking and problem-solving skills also desired.
Strong knowledge of Microsoft Office suite including Excel, Word, PowerPoint.
Prior accounting work experience in allowance for loan and lease losses and an understanding of the new accounting pronouncement related to Financial Instruments-Credit Losses (ASC 326) is desirable, but not required.
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 salary range for this role is $50,000-$65,000, along with eligibility to earn an annual bonus. Actual salaries 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.
