Special Assets Portfolio Manager

About the Opportunity

Position Title: Special Assets Portfolio Manager

Locations: Rockford_IL_East State

Time Type: Full time

Req ID: JR1094-Rockford_IL_East State

At Midland, we’re proud to be a little different. You can see it in our bright orange signs-but there’s more to it than that. With our heartfelt and personalized approach, we’re focused on meeting every customer’s needs with the brightest solutions.

For more than 140 years, we’ve learned by serving customers skillfully with dedication and follow-through, we can brighten every interaction to drive our collective success. And this goes beyond traditional banking.

We foster programs that empower our communities, continuously invest in our employees, and actively pursue brighter futures for all.

Our humble ambition keeps us growing, giving back, and looking ahead. We’re innovating and optimizing our services to ensure we stay unique - providing strength you can count on with heart you can feel.

You might say we’re unlike any other bank.

And you’d be right.

Salary Range

$65,000-$95,000

Position Summary

This Special Assets Portfolio Manager is responsible for assisting the special assets team with their client relationships with Midland States Bank including analyzing credits with a view to make sound credit decisions, identifying credit risks and preparing loans for presentation to the loan committee. This role plays a key part in identifying, mitigating, and managing credit risk while working closely with internal stakeholders and external partners to protect the Bank’s interests. The Portfolio Manager supports the Special Assets team in developing and executing resolution strategies, including restructures, workouts, and OREO dispositions.

Primary Accountabilities

• Analyze, monitor, and manage a portfolio of criticized and distressed loan relationships, ensuring proactive identification of credit risk and appropriate resolution strategies.
• Oversees the routine maintenance and management of the subject portfolio, including the tickler system, financial reporting and loan reviews.
• Conduct in-depth loan reviews, financial analysis, collateral evaluations, and borrower performance assessments.
• Partner with Special Assets team to structure and prepare Credit Approval Forms (CAF), impairment analyses, and action plans for criticized assets.
• Support and coordinate OREO (Other Real Estate Owned) migration, including due diligence, valuation review, and disposition strategy.

Position Qualifications

Education:

Bachelor’s degree in Finance, Accounting, Business Administration or related field; relevant work experience may be considered in lieu of a degree.

Education & Experience:

Minimum of 3–5 years of experience in commercial credit, loan review, special assets, or related banking functions.

Experience managing distressed loan portfolios or supporting credit remediation efforts is strongly preferred.

Strong analytical, critical thinking, and financial modeling skills.

Competencies/Other Skills:

• 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

About Company

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.

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