Credit Officer Specialized

Compeer Financial•Morton, IL

6d•$60,700 - $91,500•Hybrid

About The Position

The Credit Officer Specialized analyzes new credit requests, makes loan servicing decisions for existing clients, and performs other essential credit duties. The position completes financial analysis and underwriting for livestock and crop producers throughout Compeer’s territory and the United States. Credit decisions are made according to credit quality and volume/growth targets set by executive leadership. The officer approves or denies requests within delegated authority, spending much of their time analyzing large, complex loans and communicating with internal and external team members. The position has some direct client contact and works with Lending Specialists to discuss loan packages and provide financial counseling. This role is based at the Bloomington, Morton, or Macomb, Illinois office and offers a hybrid work option with up to 50% remote work. The position also supports loan servicing and credit administration, industry knowledge development, and internal projects.

Requirements

Bachelor’s degree in ag business, finance, economics, or a related field, or an equivalent combination of education and experience sufficient to perform the essential job functions.
Knowledge of federal and state laws, regulations, and compliance requirements relevant to the financial industry and Farm Credit, including Illinois, Minnesota, and Wisconsin.
Basic to solid knowledge of agricultural businesses and operations, crop insurance, livestock industries, and associated production practices.
Basic to solid knowledge of loan products, services, and credit operations.
Basic to solid understanding of credit processing and servicing activities, accounting principles and practices, credit analysis procedures, credit administration, monitoring, and reporting.
Solid interpersonal, collaboration, communication, team-building, problem-solving, analytical, organizational, and time-management skills.
Basic to solid computer skills, including MS Office applications, CRM programs, and internal underwriting and database systems.
Basic to solid decision-making, negotiating, and influencing skills.
Flexibility and adaptability to changing situations.
Ability to work independently and collaboratively with other teams to achieve goals and represent the business.
Valid driver’s license.

Nice To Haves

A minimum of 3 years of credit analysis experience in a financial institution is preferred.

Responsibilities

Analyze financial and supporting documentation for formal and informal lending and servicing requests.
Enter balance sheets and earnings statements into spreading software and generate post-close balance sheets and projections.
Qualify, validate, and reconcile financial information used in credit decisions; assess clients’ capacity, capital, and cash flow.
Identify, communicate, and assist in collecting financial information needed to process lending and servicing requests.
Approve, decline, or escalate credit decisions as required by delegated authority.
Determine the appropriate level of analysis and due diligence based on credit risk, and determine account classifications and probability-of-default ratings.
Communicate credit decisions, terms, conditions, and findings through formal narrative write-ups.
Answer questions and provide direction on credit issues during transaction processing, closing, and servicing.
Facilitate negotiation of credit agreements among Compeer, borrowers, participants, and outside counsel.
Prepare and package syndications and participations for sale, and create credit packages to meet client needs.
Monitor lending portfolio and loan performance, provide direction on loan classification, and complete annual reviews on time.
Monitor interim financial reports, borrowing base certificates, compliance certificates, and other reports for loan compliance.
Work with sales teams or clients to develop plans to cure delinquencies or address servicing requests.
Structure stressed credits to meet internal lending requirements, client expectations, and Compeer growth objectives.
Coordinate servicing plans and monitoring requirements for higher-risk client relationships with sales and RAU teams.
Monitor database exception reports to ensure financial, collateral, and loan classifications are accurate.
Work with sales and operations teams to balance credit risk with portfolio growth using quantitative and qualitative information.
Collaborate with Lending Specialists and other team members to implement the Team Relationship Model with clients.
Meet with clients to assess financial performance against Compeer credit standards and industry norms, and help them understand their financial position.
Keep industry knowledge current by attending meetings, seminars, conferences, tradeshows, industry updates, and webinars.
Visit larger site operations to conduct management assessments and understand their operations.
Work on special projects, including new loan programs and internal process evaluation, to improve client service and credit administration.

Benefits

Hybrid work model with up to 50% work from home.
Flexible schedules, including ample flexibility in summer months.
Up to 9% toward 401(k), consisting of a 3% fixed Compeer contribution and up to a 6% match.
Medical, dental, and vision insurance.
HSA/FSA.
Life and AD&D insurance.
Short-term and long-term disability insurance.
Wellness program and employee assistance program.
Vacation, sick leave, holidays, and floating holidays.
Parental leave.
Paid volunteer time off.
Learning and development programs.
Mentorship programs.
Cross-functional committee opportunities.
Professional membership and certification reimbursement.
Variable compensation.