Special Assets Portfolio Manager
Special Assets Portfolio Manager
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$ 65000 - 95000
1 Vacancy
Job Description
At Midland States Bank base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education skills internal equity and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare well-being benefits paid family leave as well as generous paid time off. Total Rewards also include banking perks an Employee Stock Purchase Plan 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.
Salary Range: $65000-$95000
Position Summary
This Special Assets Portfolio Manager is responsible for assisting the special assets team with their client relationships with Midland States Bank including analyzing credits with a view to make sound credit decisions identifying credit risks and preparing loans for presentation to the loan committee. This role plays a key part in identifying mitigating and managing credit risk while working closely with internal stakeholders and external partners to protect the Banks interests. The Portfolio Manager supports the Special Assets team in developing and executing resolution strategies including restructures workouts and OREO dispositions.
Primary Accountabilities
- Analyze monitor and manage a portfolio of criticized and distressed loan relationships ensuring proactive identification of credit risk and appropriate resolution strategies.
- Oversees the routine maintenance and management of the subject portfolio including the tickler system financial reporting and loan reviews.
- Conduct in-depth loan reviews financial analysis collateral evaluations and borrower performance assessments.
- Partner with Special Assets team to structure and prepare Credit Approval Forms (CAF) impairment analyses and action plans for criticized assets.
- Support and coordinate OREO (Other Real Estate Owned) migration including due diligence valuation review and disposition strategy.
- Provide timely and accurate reporting and portfolio metrics for the Special Assets Department including delinquency trends impairment summaries and watchlist commentary.
- Oversee the tracking of appraisal schedules covenant compliance financial reporting and other critical loan monitoring activities.
- Collaborate with Credit Administration Legal Appraisal and Loan Operations teams to ensure adherence to policy documentation accuracy and regulatory compliance.
- Attend and support loan committee meetings assisting in the development and presentation of credit actions.
- Maintain up-to-date knowledge of loan policies regulatory changes and industry best practices impacting special assets and credit risk.
- Participate in internal and external audits loan reviews and regulatory examinations as needed.
- Occasional travel required to attend training visit borrower sites or participate in team meetings.
- May require work in a Midland office to ensure collaboration and support of internal and external customers.
- Maintain compliance with all applicable regulations including but not limited to the Bank Secrecy Act (BSA).
- Other duties as assigned.
Position Qualifications
Education:
Education & Experience:
- Bachelors degree in Finance Accounting Business Administration or related field; relevant work experience may be considered in lieu of a degree.
- Minimum of 35 years of experience in commercial credit loan review special assets or related banking functions.
- Experience managing distressed loan portfolios or supporting credit remediation efforts is strongly preferred.
- Strong analytical critical thinking and financial modeling skills.
- Sound understanding of commercial lending loan documentation collateral valuation and regulatory compliance.
- Ability to make well-reasoned decisions and recommendations with minimal supervision.
- Excellent written and verbal communication skills including experience with formal credit write-ups and presentations.
- High level of professionalism integrity and discretion in handling sensitive credit matters.
Competencies/Other Skills:
- Business insight
- Cultivates innovation
- Drives results
- Makes sound decisions
- Being a brand champion
- Collaborates
- Communicates effectively
- Customer focus
- Being Authentic
- Emotional Intelligence
- Self development
- Being flexible and adaptable
At Midland States Bank we believe that when we can bring our whole selves to work each day we become happier more comfortable more confident and more excited to do great things for our customers each other and our company. Were proud to be an Equal Opportunity and Affirmative Action employer. At Midland we recruit employ train compensate and promote without regard to race color religion gender gender identity or expression sexual orientation national origin genetics disability age or veteran status. If you are looking for a place to grow we encourage you to apply at Midland States Bank because you belong here.
If you require reasonable accommodation in completing this application interviewing completing any pre-employment testing or otherwise participating in the employee selection process please direct your inquiries to Midland States Bank Human Resources at.
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
Required Experience:
Manager
Employment Type
Full-Time
