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.

Credit Approval & Underwriting Oversight

Ensures loan volume doesn’t compromise asset quality.
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.

Portfolio Risk Management & Analytics

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.

Key competencies:

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.

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