Financial Analyst (Finance)
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.
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
This position will be responsible for performing certain tasks within the calculation process of the overall Allowable Credit Losses (ACL) reserves for each entity within Wintrust. This includes assisting with ensuring the completeness and accuracy of data utilized in the calculation process, as well as ensuring the proper utilization of calculation tools. The position will also assist in the documentation of quantitative and qualitative factors, variance analysis, production of internal management reports, and preparing SEC reporting disclosures.
What You'll Do
Learn 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, waterfall configuration and review, ad-hoc analysis & report building, etc.
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 creation and distribution of data and reports provided to internal management as well as required reports for external auditors and regulators. Prepare SEC Reporting disclosures for external filings.
Ensure 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 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.
Ability to perform multiple tasks simultaneously to meet strict deadlines.
Competent written and oral communication skills with the ability to prepare documentation, reports, and give presentations.
Strong knowledge of Microsoft Office suite including Intermediate to Advanced Excel, Word, PowerPoint.
Knowledge of PowerBI desired, 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.
#LI-HYBRID
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.
