at MIDLAND STATES BANK in Effingham, Illinois, United States
Job Description
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
As the Chief Credit Officer, this position plays a pivotal role in managing and overseeing all aspects of the bank's credit operations. Reporting directly to the Chief Executive Officer, this role is responsible for developing and implementing credit policies, procedures, and strategies to ensure the prudent management of credit risk while supporting the bank's growth objectives. This is a leadership role managing a team of credit officers and other professionals, providing strategic direction, and collaborating closely with other departments to optimize credit processes and drive profitability.
Primary Accountabilities
People
- Manages a team of professionals in a customer-centric culture to excel in a fast-paced environment.
- Coaches, develops, and conducts performance management activities with direct and indirect reports.
- Identifies high-potential employees for advanced training and development opportunities.
- Effectively manages poor performers.
Strategy, Operations and Other
- Oversees credit underwriting, credit analysts, and loan operations staff.
- Leads effective credit portfolio management across commercial, consumer, mortgage, and equipment financing that balances the need for high asset and credit quality with the revenue and profitability objectives of the bank.
- Develops, implements and maintains credit policies and procedures in accordance with regulatory guidelines and industry best practices.
- Provides strategic guidance and leadership to the credit department, including credit analysis, underwriting, and loan administration functions.
- Evaluates credit risk and credit quality across various lending products and portfolios, identifying potential issues, trends, concentrations and potential areas of concerns, along with implementing mitigation strategies.
- Collaborates with senior management to establish credit risk appetite and lending criteria, balancing growth objectives with risk management considerations.
- Provides advice and guidance to loan officers and lending leaders.
- Consults with loan officers and credit officers on larger and more complex loans.
- Ensures effective train
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Midland States Bank is an Equal Opportunity Employer and does not discriminate against any applicants for employment based on their race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, physical or mental disability, genetic information, veteran status, uniformed service member status, or any other status protected by law.
