Position Title: Manager Credit Administration - Commercial Loans
Locations: Maryland Heights_MO
Time Type: Full time
Req ID: JR1093-Maryland Heights_MO
At Midland, we’re proud to be a little different. You can see it in our bright orange signs-but there’s more to it than that. With our heartfelt and personalized approach, we’re focused on meeting every customer’s needs with the brightest solutions.
For more than 140 years, we’ve learned by serving customers skillfully with dedication and follow-through, we can brighten every interaction to drive our collective success. And this goes beyond traditional banking.
We foster programs that empower our communities, continuously invest in our employees, and actively pursue brighter futures for all.
Our humble ambition keeps us growing, giving back, and looking ahead. We’re innovating and optimizing our services to ensure we stay unique - providing strength you can count on with heart you can feel.
You might say we’re unlike any other bank.
And you’d be right."
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.
Position Summary
The Manager Credit Administration - Commercial Loans will use extensive experience and judgment to manage and direct the activities related to preparing for the funding and closing of all approved commercial loans. Post-closing, responsible for the administration of the centralized Commercial Loan exception reporting to include collateral monitoring and financial reporting tickler systems for Commercial Lending and Treasury Management.
Primary Accountabilities
- Collaborative manager directly responsible for the supervision and oversight of the Pre-Closing and Collateral Monitoring team members.
- Develops/maintains a dynamic comprehensive Pre-Closing and Collateral Monitoring review scope for all commercial line lending products for the purpose of minimizing regulatory, credit, collateral & operational risk.
- Stays informed of new/changing bank regulations, compliance laws, internal credit policy & guidelines, departmental procedures. Modifies Pre-Closing and Collateral Monitoring review scopes as necessary to achieve department objectives.
- Strategically minded with a track record of developing and implementing process improvements.
- Risk – Member of the Credit ROCI Team: Conduct Event Report research to identify root causes, collaborate with other credit department staff to develop resolutions. Vendor Management, maintain current vendor data, coordinate data collection for vendor relationships.
- Focuses and guides the actions of others to ensure all conditions identified in the CAF are met while adhering to all applicable policy, procedures and regulatory guidelines.
- Obtains compliance and legal interpretation as needed.
- Examines RE legal documents, entity documents, collateral reports, tax returns, loan documents, construction contracts, and documents prepared by legal counsel.
- Manage staff including establishing goals and objectives and leading the team to achieve those goals.
- 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 QualificationsEducation/Experience:- Bachelor’s Degree and 5 years relevant banking experience and/or knowledge of commercial loan documentation in a financial institution with $3-5B in assets. –OR- Associates Degree in Accounting or Business Administration with more than 5 years of commercial loan documentation experience in a financial institution with $3-5B in assets.
- Accredited paralegal desired.
- Ability to read and comprehend complex instructions, memos and correspondence.
- Ability to deal with problems involving several concrete variables in standardized situations.
- Proficient user of Microsoft Office products.
Competencies:- 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. We’re 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 HR@midlandsb.com.
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
Equal employment opportunity, including veterans and individuals with disabilities.
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