Chief Lending Officer

Midstates Executive Solutions; Minneapolis (MN); On-site; USD 140,000 - 200,000; Full time

Job summary

Midstates Executive Solutions in Minneapolis seeks a senior executive to oversee asset quality and the accounting for the factoring division. The role requires building and leading staff to align with the organization's vision and objectives.

Key duties include steering credit administration, underwriting, loan structuring, workouts, and servicing, plus ensuring regulatory compliance. The ideal candidate has a bachelor's degree and 10 years of progressive bank lending experience.

Qualifications

• Bachelor's degree and ten years of progressive experience in bank lending.
• Demonstrated skills in underwriting loans, managing large credits, loan structuring, workouts, operations and servicing.
• Familiarity with regulatory requirements.

Responsibilities

• Lead the team and develop an atmosphere of teamwork, open communication and unity; oversee all services and mentor staff.
• Direct credit administration, quality control, loan operations and servicing; ensure efficiency and accountability.
• Provide guidance to bank presidents and loan officers on credit issues related to asset quality and growth; supervise risk management practices.
• Champion new systems and processes to streamline workflows and serve as a project owner for identified tech/tools.
• Chair the Executive Credit Committee and the Loan Treasury Committee to review large loans and set loan rates.
• Oversee Allowance for Credit Losses levels and ensure regulatory compliance in calculations.
• Ensure adherence to laws and policies governing lending and factoring activities, maintaining policy guidelines.
• Contribute as an active member of the Executive Committee to shape broad policies and long-term goals.
• Comply with required training and internal compliance programs.

Skills

Underwriting loans

Credit management

Loan structuring

Loan workouts

Loan operations

Regulatory compliance

Leadership

Staff mentoring

Policy guidance

Audits & controls

Education

Bachelor's degree

Job description

This is a senior role responsible for managing the overall asset quality of organization, including the factoring division. This individual must build, lead, and motivate staff to perform in a manner that is consistent with the vision and objectives of the organization.

Qualifications: This person should have a bachelor's degree, plus ten years of progressive experience in bank lending, or the equivalent. Must have demonstrated skills in underwriting loans, managing large credits, loan structuring, loan workouts, loan operations and servicing, as well as regulatory requirements

• Lead the team and develop an atmosphere of teamwork, open communication and unity. Provide oversight of all services offered. Actively mentor staff and ensure they are trained, evaluated, and motivated to perform their responsibilities in an effective and progressive manner.
• Manage the overall direction of credit administration, including quality control, loan operations and loan servicing. Ensuring all activities are conducted efficiently and effectively and all staff are held accountable to perform their responsibilities, while supporting business partners.
• Provide support and guidance to the bank presidents and loan officers on credit related issues, focusing on asset quality and healthy growth. Serve as a resource person for others, including Regional Credit Managers and, on occasion, customers, regarding application or interpretation of any Policies and Guidelines. This includes providing appropriate management of credits that represent current or potential risk exposure.
• Actively seek out and engage in technology to assist in streamlining processes. Act as a lead on identified new systems, processes.
• Act as chairperson of the Executive Credit Committee, reviewing large loan requests as directed by the Loan Policy and Guidelines. Serve as the chairperson of the Loan Treasury Committee, setting loan rates throughout the organization.
• Oversee the Allowance for Credit Losses (ACL) levels at the banks and ensure calculations are performed in accordance with applicable regulations.
• Responsible for the correction of all deficiencies noted in the internal and external audits and regulatory examinations. Determine and monitor concentration limits within the loan portfolio.
• Keep abreast of all laws and regulations that impact the Company's lending & factoring activities. Ensure Loan Policy and Guidelines are maintained in a manner that all business loans and factoring are in compliance with the applicable laws and regulations.
• Be an active member of the Executive Committee. Responsible for planning and establishing broad overall policies, philosophies, and strategies to attain current and long-range goals and objectives for the organization.
• Adhere to compliance procedures and participate in required compliance training.