Regional Credit Officer
Company: Midland States Bank
Location: Saint Louis
Posted on: October 18, 2024
Job Description:
Salary Range: $175,500-$235,000
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
This position is directly responsible to the Chief Credit Officer
of the Bank to provide senior level management, administrative or
credit underwriting and approval. The Regional Credit officer is
responsible for providing a leadership role including strategic
responsibilities within the Region. Persons in this role will
operate with independence. The position will enhance shareholder
value, in accordance with the goals and policies established by the
Board of Directors and procedures implemented by the management of
the bank. Primary Accountabilities
- Reviews and approves loan requests within designated credit
authority, ensuring compliance with bank policies and risk
guidelines. Monitors credit quality across the region, including
past dues, ticklers, loan grading, criticized/classified loans, and
charge-offs.
- Leads and maintains the overall credit quality and culture for
the assigned region. Ensures alignment with the institution's risk
appetite while supporting growth and profitability.
- Partners with the Regional Market President and Relationship
Managers to identify suitable credit opportunities, recommend
appropriate loan structures, and ensure terms are in line with bank
policy.
- Accompanies Relationship Managers on visits to key customers or
prospects, particularly large or complex borrowers, to provide
expert insight and support.
- Collaborates with senior management to develop and implement
regional credit strategies that align with the bank's long-term
goals. Leads regional efforts in addressing evolving credit
policies, market conditions, and regulatory changes.
- Reviews loan requests exceeding credit authority and provides
recommendations to the Chief Credit Officer or the Director's
Credit Risk Committee for further approval.
- Counsels Credit Analysts to ensure accurate borrower analysis
and effective preparation of credit approval documentation.
- Stays ahead of banking industry trends, regulatory changes, and
evolving business practices to guide strategic decisions.
- Maintains awareness of any legal or regulatory updates that
could impact credit operations.
- Serves on committees of the bank as requested by the Chief
Credit Officer.
- Represent the bank in a professional, ethical, and moral manner
to promote the institution in the communities it serves.
- 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:
- Bachelor's Degree in a Finance, Accounting, Economics or
related field complimentary to the position.
- Extensive formal lending training with a proven record of
performance.
- Minimum of 10 years of banking and lending experience.
- Minimum of 5 years in a credit approval, relationship
management, special assets, managerial or administrative role.
- Proven ability to make complex credit decisions within
established risk frameworks.
- In-depth knowledge of regulatory requirements and best
practices within the financial services industry.
- Strong oral, written, and interpersonal communication
skills.
- Strong organization and time management skills.
- Strong attention to detail.
- Ability to work independently and as part of a team.
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. 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
PI37c28ab3804d-37248-35552087
Keywords: Midland States Bank, O'Fallon , Regional Credit Officer, Accounting, Auditing , Saint Louis, Missouri
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