Special Assets II

Maryland Heights, MO - USA

Monthly Salary: Not Disclosed

Posted on: 5 days ago

Vacancies: 1 Vacancy

Job Summary

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: $107000-$160000/annually

Position Summary

The primary role for this position is to manage a portfolio of problem assets. This will include; identification of the underlying issues impacting the Borrower early intervention formalizing possible solutions and implementation of a structured resolution that will result in minimal loss to the Bank. This role will also be responsible for consulting with Commercial Relationship managers and junior staff members to assist in developing plans that will result in optimal resolutions of problem assets.

Primary Accountabilities

Develops plans and implements practices and procedures to minimize loan charge-offs from adversely graded loans and to return such credits to performing status.
Coordinates with tax legal audit credit/loan policy and regulatory officials at the highest levels.
Develops and implements strategies to recover principal from borrowers whose non-performing loans have been charged off.
Works closely with legal and other departments to maximize the recovery of such funds.
Provides recommendations to executive management relative to structuring and reviewing credits to reduce fundamental weaknesses in companys credit/loan policies.
Chapter 13 and 7 Bankruptcy knowledge.
Skip tracing experience.
Fair debt collections practices act knowledge.
Previous experience managing employees.
Loan recovery experience.
Understands repossession law and procedures.
Experience liquidating non Real Estate collateral.
Familiar with foreclosure laws and procedures for Judicial and non-judicial foreclosures.
Experience in creating collection strategies.
The role requires occasional travel for training and team meetings and willingness to travel periodically to locations within market as needed.
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:

Bachelors Degree or experience equivalency
Minimum of 7-10 years banking experience with significant credit/risk experience and/or supervisory capacities
Minimum 5 years commercial loan workout experience

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.

Midland States Bank may use automated tools and artificial intelligence (AI) to assist with recruiting screening and hiring accordance with the Illinois Human Rights Act (effective January 1 2026) these tools are designed and monitored to be neutral and job-related and must not be used in a way that discriminates against applicants or employees based on any protected characteristic.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT