SVP, Credit Administration

CorTrust Bank; Sioux Falls (SD); On-site; USD 180,000 - 280,000; Full time

Benefits offered by this job

401k match

ESOP

Insurance options

Paid time off

Incentives

Service awards

Community service

Employee Assistance Program

Stable environment

Job summary

CorTrust Bank invites applications for the Senior Vice President, Credit Administration in Sioux Falls. The role oversees the Bank’s lending safety, policy governance, and risk management, balancing prudent risk with sustainable loan growth.

The SVP leads underwriting standards and regulatory compliance while guiding portfolio health and analytics. The position requires strategic leadership, deep credit expertise, and collaboration with senior leadership to align credit strategy with market

Qualifications

• Proficiency in loan processes and credit analysis.
• Strong understanding of credit risk management and underwriting standards.
• Experience with portfolio analytics and regulatory compliance.

Responsibilities

• Oversee credit policy and governance for the bank.
• Ensure lending practices comply with applicable regulations (e.g., Reg B, CRA, BSA/AML, Fair Lending).
• Direct liquidation strategies to minimize bank losses and manage troubled assets.
• Lead risk management across portfolios and monitor KPIs like NPAs and charge-offs.
• Collaborate with regional leadership to balance prudent risk with growth.

Skills

Credit analysis

Financial statement analysis

Underwriting

Risk management

Credit policy governance

Portfolio analytics

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

SVP, Credit Administration

Executive Managers SF Cherapa, Sioux Falls, SD, US

2 days ago Requisition ID: 1430

CORTRUST BANK The mission of this bank is to profitably deliver high quality customer service that meets the financial needs of our community, its businesses, and its citizens. No line of financial services is beyond our charter.

CorTrust Bank is seeking a SVP, Credit Administration in our Sioux Falls community!

It's more than just a job! When you join one of the region's leading community banks, you can expect a family atmosphere committed to building outstanding teams. We believe in the overall well-being of our employees and work hard to provide the best opportunities for growth. We're proud to offer a competitive compensation package that includes perks like a 401k with employer match, Employee Stock Ownership Plan, insurance coverage options, paid time off, incentive eligibility, service awards, community service opportunities, an Employee Assistance Program, and a stable work environment.

Summary: The Senior Vice President of Credit Administration oversees the Bank’s lending safety and soundness and balances risk mitigation with sustainable loan growth. They oversee credit policies, underwriting standards, regulatory compliance, and portfolio risk management to protect Bank assets and minimize financial loss.

Key areas of responsibility:

Credit Policy & Governance

• Serves as a key member of the senior leadership team, contributing to enterprise-wide risk strategy, credit culture, and long‑term portfolio objectives.
• Develops, reviews, and updates the Bank’s credit policies to align with changing economic changes, regulatory guidance, and risk tolerance.
• Ensures lending practices comply with all applicable banking regulations (e.g., Reg B, CRA, BSA/AML, and Fair Lending).
• Assists with financial governance and regulatory engagement and reporting as required, and provides periodic reports to regulators, board of directors and executive management to effectively communicate portfolio health metrics, targets and achievement.
• Directs liquidations, foreclosures, short sales, and Loan Modification/TDR strategies to minimize bank losses.
• Oversees Special Assets and directs workout strategies for troubled borrowers.
• Reviews and sets standards for credit analysis, financial spreading, cash flow analysis, and collateral valuation
• Champions the use of credit technology, reporting tools, and data analytics to improve decision quality and operational efficiency.
• Partners with Market Presidents and lending leadership to balance prudent risk management with competitive market growth.
• Tracks key risk indicators that affect portfolio health, like non-performing assets (NPAs), past due trends, charge-offs, stress testing, and risk rating migrations.
• Monitors and manages loan concentrations (e.g. commercial, real estate, agriculture, or small business) to prevent overexposure in single sectors.
• Serve as liaison with regulators and participate in regulatory examinations and audits.
• Collaborates closely with Minnesota Credit Administration to ensure consistent credit philosophy, underwriting standards, and risk management practices across markets.

The ideal candidate for SVP, Credit Administration, possesses a combination of education and experience to be able to perform the primary duties of this position with little supervision, managing multiple projects simultaneously. They adapt easily to system, process, product, and service changes, and can reason, solve problems and think critically. They must demonstrate a high level of integrity, personal diplomacy, and respect and be willing to invest in the ongoing mentorship of a team. Proficiency in loan processes, financial statement analysis, and underwriting is required, as is a deep understanding of credit risk management, loan policy, underwriting standards, and portfolio analytics. A strong understanding of agriculture lending is required.