Job Description
Position Title: Special Assets Portfolio Manager
Locations: Effingham_IL
Time Type: Full time
Req ID: JR1094-Effingham_IL
At Midland, were proud to be a little different. You can see it in our bright orange signs-but theres more to it than that. With our heartfelt and personalized approach, were focused on meeting every customers needs with the brightest solutions.
For more than 140 years, weve 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. Were innovating and optimizing our services to ensure we stay unique - providing strength you can count on with heart you can feel.
You might say were unlike any other bank.
And youd 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.
Salary Range: $65,000-$95,000
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 HR@midlandsb.com .
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
Compensation details: 65000-85000 Yearly Salary
PI16a2bef9c948-26289-38225430
Midland States Bank
Job Tags
Full time, Contract work, Temporary work, Work experience placement, Work at office, Flexible hours,