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MidFirst Business Credit provides customized and flexible financing solutions to growing businesses throughout the United States. With more than 40 years of experience, we know how to help businesses grow and prosper, and we’ve played an important part in countless business success stories over the years. MidFirst Business Credit has successfully navigated through the ups and downs of multiple economic cycles, adapted to industry changes, and partnered with our clients all along the way, helping them to achieve success.

Established in 1981 as Presidential Financial Corporation before changing its name in 2019, MidFirst Business Credit is headquartered in Atlanta with offices in Nashville, Detroit, Chicago, Dallas, Phoenix and Los Angeles. Our company has grown dramatically over the years, expanding throughout the Southeast, then along the eastern seaboard, and eventually extending its reach to serve clients nationwide.

In early 2013, Presidential Financial Corporation was acquired by MidFirst Bank, the largest privately held bank in the nation with $39 billion in assets. MidFirst Bank is headquartered in Oklahoma City and serves approximately 900,000 accounts for customers nationwide. Being part of MidFirst Bank, gives MidFirst Business Credit a unique structure that combines the flexibility of a finance company with the financial backing and stability of a bank. You can learn more about MidFirst Bank by clicking here. 

What makes MidFirst Business Credit unique is that we combine the best of asset-based lending with the best of traditional banking. MidFirst Business Credit has a significant capital base, diverse product offerings, and a strong commitment to the growth capital needs of the entrepreneur. MidFirst Business Credit is one of the strongest and most versatile lenders in the markets that we serve, allowing us to fully service our clients' financing and banking needs. MidFirst Business Credit focuses on growing businesses with strong management teams and offers credit facilities which start at $1 million and reach to $30 million or higher, along with a host of other financing products and services.

Reporting to the President of MFBC, the Senior Account Executive will be responsible for the overall management and supervision of a portfolio of asset based lending relationships.

Job Description:

The Account Executive serves as the primary contact with portfolio clients, monitoring financial and collateral trends to continually verify the performance and quality of assigned loans. Periodic travel is required.  Principal responsibilities include:

• Effectively monitoring collateral performance and trend information. Develop strategies to address deteriorating trends. Provide written assessments, risk grade reviews, and reports on assigned loan portfolio.
• Have direct interaction within the closing process of new deals destined to be part of the portfolio.
• Continually monitor the compliance with all aspects of Loan Agreements and promptly identify deteriorating situations and instances of default in a timely manner.
• Ability to formulate strategies and implement ongoing as well as corrective measures on stressed/distressed loans.
• Proficient knowledge of credit policies and documentation.
• Proactive negotiation and development of strategies, both depository and lending, on renewals, extensions, modifications, waivers, and new credit requests. Prepare and present transactions to approval authorities.
• Responsible for closing transactions in a timely, effective manner keeping in mind both customer and MidFirst Business Credit objectives. Includes field exam, appraisal, underwriting, and legal documentation process. 
• Interact with personnel and representatives from credit, loan administration, appraisal, treasury management, management, loan review, and internal/external legal resources.
• Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices. Adheres to all State and Federal Banking Regulations.
• Perform other related work duties as assigned.

Job Requirements

• Minimum of ten (10) years’ experience in credit analysis, commercial banking, and/or risk management in an asset based lending environment.
• Proficient knowledge of financial analysis trends and loan structure.
• Minimum of a Bachelor’s degree in a related field. Graduate degree and/or germane certification(s) a plus.
• Excellent analytical, verbal, and written communication skills.
• Working knowledge of commercial law and contracts. Demonstrated ability to read, interpret and negotiate complex attorney prepared loan and collateral documentation.
• Ability to work effectively with individuals and groups.