Credit Analyst

Midland States Bank•Rockford, IL

49d•$65,000 - $85,000

About The Position

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-$85,000/annually Position Summary This position is expected to have greater than 3 years of credit analysis experience. A comprehensive understanding of processes, policies, regulation and rules is expected at this level. This position is responsible for spreading and analyzing commercial and consumer financial information. The analysis is compiled into a Credit Approval Form. Ability to train and review work of less experienced analysts. Acts as a resource for the lending team, identifying and analyzing risk as well as performing research as needed. As a member of the Credit Administration team, this individual will be expected to contribute to the improvement of the department. Persons at this level may have credit approval authority. This individual will be held accountable for credit quality and personal goals.

Requirements

Bachelor’s Degree or experience equivalency
3+ years credit/risk analysis experience
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

Responsibilities

Fully understand and implement all aspects of all loan policies and bank regulations.
Meets or exceeds all goals established
Attends department and bank meetings as required
Accepts other duties and responsibilities as assigned
Maintains positive attitude
Abides by all bank policies and procedures
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.
Spreads financial information by using the bank’s financial software
Perform analysis as requested and on the largest and most complex loan relationships
Complete Credit Approval Forms (CAF) for large and complex credit relationships