Who We Are
At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
Position Overview
The Group President, Senior Managing Director of Commercial & Industrial Banking is a highly experienced commercial banker with prior leadership and sales management experience. The Group President leads the Middle Market C & I group with a focus on growing and retaining profitable relationships within the Mid-Market segment (companies with annual revenues generally above $25 million). Incumbent focuses on the delivery of value-added financial solutions and marketing of ancillary bank services to clients and prospects that will help them reach their goals and maximize the Bank's revenues over the life of the relationship.
Incumbent is responsible for generating leads and opportunities to lead team in company growth objectives and is expected to oversee commercial bankers with portfolios of $50 to $100 million and prospect for loans in the $5 million and above range. This individual leads others who are expected to book a minimum of $20 million-$40 million in C&I related business, with the emphasis on full relationship opportunities.
The Group President is also responsible for C&I administration inclusive of meeting CRA and regulatory requirements, meeting credit risk mitigation expectations, participates in Loan Committee, interacts with other members of executive leadership and business partners within Compliance, Credit, Wealth & Retail Management, and others. Serves on Bank Committees as appropriate and fosters Community relationships.
Essential Job Functions
Supervisory Responsibilities
This role has direct supervisory responsibilities and carries out responsibilities in accordance with the company's policies and applicable laws. Responsibilities include planning, assigning and directing employee's work; evaluating performance; rewarding and disciplining employees; addressing complaints, performance coaching, and resolving issues; interviewing, hiring and training.
Minimum Requirements
Bachelor's degree in Business, Finance, or related field and ten or more years of experience in Commercial Lending with a proven track record of successful business deals that feature total relationships. MBA preferred. Must have direct and extensive experience/knowledge within the Greater Chicago market.
Competencies
Location Details
This position requires a regular onsite presence, however, offers flexibility to work remote or offsite dependent upon business needs. Business needs may require a variation to the regular schedule as needed. The preferred onsite location is the Wacker office in Chicago.
Compensation & Benefits
Base pay: $205,000 - $280,000
Officer Bonus Eligible: Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 50% of base salary based various performance components.
Equity: May be eligible for consideration to receive equity in the form of Restricted Stock Units; Equity grants are discretionary based on a variety of factors including Bank and personal performance and are not guaranteed.
Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent's knowledge, skills and experience.
Benefits: How We Support You - Old Second
Thanks for considering Old Second!
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