Director- Financial Planning and Analysis

At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.

Salary Range: $128,000-$170,000

Position Summary

The Director Financial Planning & Analysis will report to the Chief Financial Officer, and will be responsible for the Company’s financial planning process, which includes the development of an annual budget and working in conjunction with the Company’s ALM group to update periodic forecasts, and to provide financial analysis and business decision support. 

Primary Accountabilities

• Partner with members throughout the organization to understand all aspects of the business resulting in improved forecasting processes, visibility into the company performance and leading KPI/scorecard tracking and measurement.  
• Oversee daily, weekly and monthly reporting and the analysis of that financial information across all areas of the business identifying operational or performance concerns and causes. Present these findings to finance leadership and other business unit leaders as appropriate
• Assists with the integration of acquired entities into the unit profitability reporting and budgeting processes. 
• Provide support to the accounting team related to the monthly reporting package that includes financial statements, analysis of key business trends, actual versus budget variances and comprehensive executive level explanations of differences. 
• Drive quarterly Business Unit Review process and materials for consistency, accuracy and appropriateness for the different business units
• Bridge disparate systems and challenge their output ultimately to validate or refine queries relied upon to execute strategic initiatives. 
• Support quarterly external reporting, including earnings releases, financial guidance, and earnings call support information. 
• Provide financial modeling and analysis for contracts and other ad hoc financial projects. 
• Serve as the business lead in the definition of requirements for and maintenance of management reporting applications that will serve to drive efficiency in processes and access to information and analysis. 
• Supervises employees directly including selection, development and performance management. 
• The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.
• Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).

Position Qualifications

Education/Experience:

• Bachelor’s Degree in Finance or Accounting and 10+ years’ of progressive finance experience; MBA and/or CPA is a plus.  
• 5+ year’s banking or financial services experience.  
• Thorough knowledge of centralized budget & forecasting process.
• Working knowledge of financial services funds transfer pricing principles is required. 
• Working knowledge of GAAP accounting issues as they relate to the banking industry. 
• Experience with developing unit, product and customer profitability. 
• Experience working with accounting and reporting systems such as Cognos and Axiom. 
• Ability to analyze, research, present, coordinate & negotiate. 
• Ability to manage deliverables and timelines with limited supervision. 
• Critical thinking, problem-solving, and resourcefulness skills along with intellectual inquisitiveness. 
• Project management skills. 
• Proven track record of success within a growing organization. 

Competencies:

• Business insight
• Cultivates innovation
• Drives results through collaboration
• Makes sound decisions
• Being a brand champion
• Communicates effectively
• Customer focus
• Being Authentic
• Emotional Intelligence
• Self development
• Being flexible and adaptable

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 [email protected].

Midland States Bank may use automated tools and artificial intelligence (“AI”) to assist with recruiting, screening, and hiring decisions. In accordance with the Illinois Human Rights Act (effective January 1, 2026), these tools are designed and monitored to be neutral and job-related, and must not be used in a way that discriminates against applicants or employees based on any protected characteristic.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT