The Portfolio Analyst II responsibilities are varied and may include a broad range of Portfolio analysis activities related to Post Close Audit, File Maintenance Audit, SOX (Sarbanes-Oxley) Audit, Collateral Perfection and follow up. Additional duties include repo preparation relating to charge offs, non-accruals, repossessions, recoveries, risk related items pertaining to the SOX Act, internal/external audits, event reports, customer service and post-production related research and tracking.
Perform file reviews and ad hoc audits to ensure compliance with policies and procedures
Track policy and compliance exceptions to ensure timely resolution including file maintenance and post-close follow up
Escalates questionable transactions and reoccurring issues to management in a clear and timely manner
Reviews, tracks and handles collateral exceptions including title maintenance
Assist department with Risk/ROCI duties including SOX, Event Reporting, Vendor Management
Assist in the development and communication of process and procedures
Prepare reports as directed by management (charge offs, non-accruals, repossession)
Appropriately release collateral at loan payoff or upon receipt of other authorized approvals
Provides exceptional customer service to our customers and business partners
Performs other duties as assigned
Maintain compliance with all applicable regulations including, but not limited to the Bank Secrecy Act (BSA).
Associates Degree or 2-4 years relevant in mortgage or finance
Previous audit experience
Possess a solid understanding of Equipment Finance
Energy, Drive, Ambition
Learns from Mistakes
Putting people at Ease
Getting information, Making Sense of it; Problem Identification
Being a Quick Study
Knowledge: Trade and Business
Shows concern for order and clarity
Internal Number: 3277
About Midland Equipment Finance
Midland Equipment Finance (MEF) is a division of Midland States Bank, Member FDIC.
MEF helps businesses achieve success with simplified financing options, competitive pricing and fast processing. Long-term relationships are everything to us. We measure our success on that of the vendors we serve and the satisfaction of their customers.
MEF provides finance solutions to clients located in all 50 states in all traditional market verticals with specialization in transportation, construction, environmental, manufacturing machinery, and specialty vehicles. MEF emulates the strong corporate culture of its parent and ranks among the top 100 bank owned equipment finance companies by assets and volume. The company has been on a fast paced, upward growth trajectory since launching in 2017, a trend that has continued throughout 2020, necessitating the need for support in the position(s) listed here.
As the advocate for business credit and financial management professionals NACM and its network of Partners take great pride in being the primary learning, knowledge, networking and information resource for commercial creditors nationwide.