Senior Portfolio Mgr - Commercial
Company: Midland States Bank
Location: Mokena
Posted on: October 18, 2024
Job Description:
Senior Commercial Portfolio ManagerSalary Range: $62,800 -
$104,700 annuallyAt 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 Commercial Senior Portfolio Manager role is responsible for
assisting Commercial Relationship Managers and Market Presidents
with their client relationships for Midland States Bank include
cultivating the existing Commercial Loan Portfolio for market
expansion, analyzing credits with a view to making sound credit
decisions, identifying credit risks, preparing loans for
presentation to the loan committee. Activities will predominantly
be associated with opening and renewing commercial loans along with
any necessary reporting and maintenance. This position will require
advanced knowledge of commercial loan policies, procedures,
documentation and processing. This position focuses on building
customer relationships and expanding existing customer
relationships through excellent customer service and cross selling
activities. This role will also function as an advocate for the
clients inside the bank. It is expected that the Commercial
Portfolio Manager II role will embrace Midland States Bank's vision
and values and represent those both internally and in the community
in which they serve. Primary Accountabilities
- Manages a portfolio of commercial clients and loans (typically
over $10mm).
- Makes regular business development calls (independently or in
conjunction with the Commercial Relationship Manager) to solicit
new business or improve services to existing clients.
- Generates new business through cross-selling activities with
existing commercial client base.
- Manages the credit process, identifies risks and mitigants on
new and renewed loans.
- Provides customer service to existing commercial customers,
including research or referrals to other Departments of the Bank
where applicable and corresponding follow up.
- Assist their assigned RM with clients, acting as part of a RM
team and as a proxy when needed. Will also be the backup with their
assigned CSA.
- Order appraisals, environmental documentation, or other complex
documents needed for closing.
- Ability to analyze both simple and complex credits.
- Attends and presents loan requests at committee meetings and
reviews Credit Approval Forms prior to approval for accuracies,
compliance and covenant items.
- Review thoroughly and understand formation documents for
various entities including corporations, partnerships, limited
liability companies and trusts.
- Oversees the routine maintenance and management of the subject
portfolio, including the tickler system, financial reporting and
loan reviews.
- If completed by the field on a certain deal, construction draws
are managed by the PM.
- Effectively presents information and responds to questions from
groups of managers, clients, and customers.
- Ability to negotiate with Clients on behalf of the Bank.
- Exercises independent judgment to plan and accomplish
goals.
- Represents the bank in civic and related activities with
business associations, customers, and regulatory agencies. Attends
and participates in civic and business-related functions and
otherwise promotes the bank's image.
- Is aware and well versed in the Credit Policy and
Procedures.
- Regional resource for training and support.
- May manage staff as needed or requested.
- 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/Experience:
- Bachelor's degree in Finance, Business, Accounting.
- 3-6 years related experience.
- Successful completion of bank training specific to
position.
- Proficiency in computer applications.
- Must have knowledge of commercial loan requirements and
regulations.
- Must have understanding of all company loan systems for
commercial lending.
- Strong and well developed interpersonal and communication
skills.
- Proven success of meeting or exceeding prior year's goals for
the periods preceding this position.
- Previous experience in a credit analyst or commercial portfolio
manager role would be strongly preferred. 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
Compensation details: 62800-104700 Yearly Salary
PI64dc26852de5-37248-34757226
Keywords: Midland States Bank, Carol Stream , Senior Portfolio Mgr - Commercial, Accounting, Auditing , Mokena, Illinois
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