JolietRecruiter Since 2001
the smart solution for Joliet jobs

Special Assets II

Company: Midland States Bank
Location: Joliet
Posted on: July 31, 2022

Job Description:

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.Position SummaryThe primary role for this position is to manage a portfolio of problem assets. This will include; identification of the underlying issues impacting the Borrower, early intervention, formalizing possible solutions and implementation of a structured resolution that will result in minimal loss to the Bank. This role will also be responsible for consulting with Commercial Relationship managers and junior staff members to assist in developing plans that will result in optimal resolutions of problem assets. Primary AccountabilitiesDevelops plans, and implements practices and procedures to minimize loan charge-offs from adversely graded loans and to return such credits to performing status.Coordinates with tax, legal, audit, credit/loan policy, and regulatory officials at the highest levels.Develops and implements strategies to recover principal from borrowers whose non-performing loans have been charged off.Works closely with legal and other departments to maximize the recovery of such funds.Provides recommendations to executive management relative to structuring and reviewing credits to reduce fundamental weaknesses in company's credit/loan policies. Chapter 13 and 7 Bankruptcy knowledge.Skip tracing experience.Fair debt collections practices act knowledge.Previous experience managing employees.Loan recovery experience.Understands repossession law and procedures.Experience liquidating non Real Estate collateral.Familiar with foreclosure laws and procedures for Judicial and non-judicial foreclosures.Experience in creating collection strategies.Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).Position QualificationsEducation:Bachelor's Degree or experience equivalencyMinimum of 7-10 years banking experience with significant credit/risk experience and/or supervisory capacitiesMinimum 5 years commercial loan workout experience Competencies/Other Skills:Business insightCultivates innovationDrives resultsMakes sound decisionsBeing a brand championCollaboratesCommunicates effectivelyCustomer focusBeing AuthenticEmotional IntelligenceSelf developmentBeing flexible and adaptable 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
PI187045203

Keywords: Midland States Bank, Joliet , Special Assets II, Accounting, Auditing , Joliet, Illinois

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Log In or Create An Account

Get the latest Illinois jobs by following @recnetIL on Twitter!

Joliet RSS job feeds