at MIDLAND STATES BANK in Mokena, Illinois, United States
Job Description
Salary Range: $51,000-$63,000
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
The Commercial 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 I 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 up to about $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 simple 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, pa
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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.
